Contractor All Risk (CAR) Insurance typically covers:
Accidental damage to construction works
Fire, flood, storm, earthquake, and other natural disasters
Theft or vandalism of construction materials and equipment
Third-party liability for property damage or injury
Damage due to design defects or faulty workmanship (optional)
Exclusions may include:
Willful negligence or poor workmanship
Normal wear and tear
War, terrorism, or nuclear risks
Consequential losses like project delays or loss of profits (unless specifically covered)
The policy typically covers the project duration, from the start of construction until completion. Some policies may extend coverage for a maintenance period after project completion.
Yes! At Money Bugs, we offer tailored Contractor’s All Risk Insurance solutions based on project type, duration, and specific risk factors.
You can get in touch with Money Bugs for expert guidance and a customized quote. We ensure hassle-free policy issuance and claim assistance.
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We collaborate with leading insurance providers to offer comprehensive, customized coverage solutions designed to meet the unique and evolving needs of every client. By leveraging strong, trusted industry partnerships, we ensure that both businesses and individuals gain access to a diverse and reliable range of data-driven insurance products, all aimed at protecting what matters most. Our approach blends expert insights, cutting-edge strategies, and personalized service to deliver exceptional results. Whether you're seeking coverage for health, life, property, or business, we are committed to offering tailored insurance solutions that foster financial security, long-term stability, and lasting peace of mind. We continuously monitor market trends, proactively adjust strategies, and provide ongoing support, helping you navigate the complexities of insurance with confidence and make well-informed decisions at every step.