CONSTRUCTION ALL RISK
Experience tailored Construction All Risk (CAR) insurance for your building projects in Bali. Our coverage is designed to safeguard contractors, sub-contractors, and project owners against various risks. Whether it's luxurious hotels, shopping centers, office buildings, or villas, our insurance solutions are customized to meet specific needs.
With our local expertise, we understand Bali's unique challenges and requirements, ensuring reliable and robust coverage for your construction projects. Trust us to keep your investments secure from start to finish.
CONSTRUCTION ALL RISK COVERAGE
Material Damage (MD)
CAR insurance covers material damage to commonly insured items, including:
1. Permanent/main works and temporary works, including materials used in these works.
2. Materials or goods supplied by the project owner for use in the works.
3. Construction plant and equipment, that are large tools used to assist the implementation of these jobs.
4. Cost of clearance of debris (cost of cleaning/removing debris) if this object or item is also to be insured.
Each item insured has an individual sum insured under the CAR policy. The total sum insured determines both premiums and the insurer's liability limit for material damage claims.
Third Party Liability (TPL)
Third Party Liability (TPL) that is covered in the CAR insurance policy is the objects or items insured that include:
1. TPL relating to bodily injury (including death) or illness from third parties.
2. TPL relating to property damage or property belonging to third parties.
For the purposes of TPL coverage in the CAR policy for each object or item that have been insured (that is bodily injury and property damage) a limit of indemnity is set, not sum insured. The limit of indemnity is also the limit of liability or the maximum liability of the insurer in the event that a TPL claim.
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