Contractors All Risk (CAR)
CAPACITY USD 20,000,000
Placement requirements:
- Insured name
- RUC or identification number
- Insured amount
- Designation of the construction Project (if the Project consists of several sections, indicate the section (s) to be secured)
- Contractor’s complete information
- Description of the work to be insured (exact technical details)
- Risk location
- Construction schedule
- Soil study
- Additional coverages, endorsements, clauses, and protections
- Required rate and deductibles
- Exclusions
- Contract period
- Insurance validity (construction and maintenance period)
- Contractor accident rate, minimum of three years
- Contractor All Risk Form, signed by the insured
- Inspection report if the work has started
- Facultative support required
- Indicate if there are co-insurers
- Commission