Contractors' All Risks (CAR) Insurance

Contractors' All Risks (CAR) provides coverage for the construction of buildings and civil engineering projects. It covers:

• Loss or Damage to Contract Works: Protection against unforeseen and sudden physical loss or damage to contract works, except those specifically excluded.

• Third-Party Property Damage or Bodily Injury: Coverage for damage to public or third-party property, or bodily injury occurring in direct connection with the construction activities.

Erection All Risks (EAR) Insurance

Similar to CAR, Erection All Risks (EAR) covers the installation and erection of electrical and mechanical equipment, industrial machinery, plants, and steel works. It provides comprehensive coverage for:

• Erection & Testing of Equipment: Protection for individual machines, industrial plants, steel works, and mechanical & electrical installations.

• Damage During Installation: Covers loss or damage during the erection and testing stages of projects.

Public Liability (PL) Insurance

Public Liability (PL) insurance indemnifies the insured against legal liability for property damage or bodily injury to third parties caused by accidents occurring during the policy period. This includes:

• Third-Party Injury or Property Damage: Covers accidents resulting from the insured’s work or operations within the coverage territory.

• Legal Defense Costs: Protection for legal expenses in defending claims against the insured.

Comprehensive General Liability (CGL) Insurance

A broader form of Public Liability (PL), Comprehensive General Liability (CGL) insurance is commonly acquired by contractors working in industries like oil and gas, telecommunications, power plants, engineering, and IT. Coverage includes:

• Bodily Injury: Covers third-party bodily injury caused by the insured’s work.

• Property Damage: Covers third-party property damage due to the insured’s activities.

• Legal Defense: Includes legal costs in defending claims.

• Extended Coverage:

  • Contractual Liability (excluding sole negligence of the principal).

  • Coverage for principals and additional insureds.

  • Waiver of subrogation against additional insureds.

  • Cross Liability coverage.

  • Coverage for sudden and accidental pollution (72 hours).

  • Damage to principal’s existing property.

  • Product and completed operations.

  • Property under the insured's care, custody, and control.

  • Excess automobile liability insurance.

Coverage extends to onshore, offshore, and international locations as needed.

Professional Indemnity Insurance

Professional Indemnity insurance protects professionals such as accountants, solicitors, architects, and engineers against legal liability arising from professional negligence or errors made during the course of their work. It covers:

• Financial Loss Due to Negligence: Indemnifies professionals for damages caused by negligence or errors in their professional duties.

• Legal Defense Costs: Covers the cost of defending claims against professional advice or services.

Workmen’s Compensation Insurance

Workmen's Compensation insurance provides coverage for employers in the event of work-related injuries or occupational diseases suffered by employees. It covers:

• Statutory Liabilities: Compliance with workmen’s compensation laws and common law responsibilities.

• Employee Injuries: Protection for employees who are injured in accidents or who contract occupational diseases during employment.

• Indemnification for Employers: Coverage against the sums an employer must pay as compensation under statutory and common law.

Employer’s Liability Insurance

Employer’s Liability Insurance covers employers against legal liability for accidents or diseases that employees suffer while working. This policy includes:

• Accidental Injury or Disease: Covers bodily injury or disease that occurs in the course of employment.

• Legal Fees and Costs: Protection against claimants’ legal fees and the costs of defending claims.

• Compensation: Indemnifies the employer for compensation costs due to employee injuries or illnesses related to work.