Contractors All Risk Insurance for Office Buildings

Constructing an office building involves significant investments of time, money, and resources. During the construction phase, numerous risks and uncertainties can jeopardize the project's successful completion. From natural disasters to accidental damages, unforeseen events can lead to financial losses and delays. To mitigate these risks, contractors and project owners turn to specialized insurance products like Contractors All Risk (CAR) insurance.

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Contractors All Risk Insurance for Office Buildings: Inclusions

  • Construction all risk policy provides coverage for property damage to office buildings caused by perils. This includes fire, explosion, flood, storm, earthquake, and accidental damage.
  • The insurance policy covers the structure of the office building. This includes walls, floors, roof, windows, doors, and any permanent fixtures and fittings.
  • Coverage extends to construction materials on-site. This includes cement, steel, bricks, and timber, ensuring they are protected against damage or loss.
  • Construction all risk policy includes coverage for theft or vandalism of property within the office building during the construction phase.
  • The policy also covers damage to machinery, equipment, and tools used in the construction process. This ensures their replacement or repair in case of damage.
  • If temporary structures are erected during construction, such as scaffolding or sheds, they are included in the coverage against damage or loss.
  • In the event of property damage that leads to a temporary suspension of business operations, the insurance may provide coverage for the resulting financial losses.
  • The policy may also cover professional fees. This includes architects and engineers' charges, incurred to rectify or restore the damaged property.

Contractors All Risk Insurance for Office Buildings: Exclusions

  • Damage or defects that existed prior to the start of the insurance policy shall be excluded from coverage.
  • Normal wear and tear of the office building, such as aging, deterioration, or gradual damage, shall not be covered.
  • Losses or damages that result indirectly from the insured event, such as loss of business income or loss of market value, shall be excluded.
  • Costs associated with errors or omissions in the design or professional services, including architectural or engineering services, shall be excluded.
  • Damage or liability arising from pollution, contamination, or hazardous materials shall be excluded from coverage.
  • Damage caused by acts of war, terrorism, or civil unrest shall be excluded unless specified otherwise in the policy.
  • Natural disasters such as earthquakes, floods, or other geophysical events shall be excluded unless added as specific coverage.

Contractors All Risk Insurance for Office Buildings: Add on coverage

  • Delay in Start-Up (DSU) Coverage
  • Professional Indemnity Insurance
  • Terrorism Coverage
  • Environmental Liability Coverage
  • Business Interruption Coverage
  • Inherent Defects Coverage

Claims Process and Documentation in Contractors All Risk Insurance for Office Buildings

  • Incident Reporting
  • Claim Documentation
  • Claim Form
  • Loss Assessment
  • Repair and Restoration
  • Claim Settlement


  • Q: How can one obtain Contractors All Risk Insurance for office building?

    Ans: To obtain Construction all risk policy for an office building, one can approach insurance brokers or contact insurance companies. They will assess your project's details. This includes the construction scope, duration, estimated cost, and other relevant factors. Later, they shall provide a customized insurance proposal. It is recommended to compare quotes from multiple providers and review the policy terms and conditions before making a decision.
  • Q: What does Contractors All Risk Insurance cover for office buildings?

    Ans: CAR Insurance for office buildings typically covers various risks, including but not limited to:
    • Loss or damage to the office building under construction due to fire, flood, storm, or other natural disasters.
    • Theft or vandalism of construction materials, equipment, or tools. Accidental damage to the building or its components caused by construction activities.
    • Third-party liability for bodily injury or property damage arising from construction work.
  • Q: Who typically purchases Contractors All Risk Insurance for office buildings?

    Ans: Contractors All Risk policy is generally purchased by contractors, construction companies, or project owners. They are mainly responsible for the construction of an office building. The policy provides coverage for the projects. This includes the building itself, construction materials, equipment, and liability risks during the construction period.
  • Q: Is Contractors All Risk Insurance mandatory for office buildings under construction?

    Ans: The requirement for Contractors All Risk Insurance varies depending on the jurisdiction and contractual agreements. In some cases, it may be mandatory to have CAR Insurance as a condition of obtaining construction permits or securing a construction contract. It is essential to consult local laws and project agreements to determine the specific insurance requirements.
Written By: PolicyBazaar - Updated: 07 June 2023

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Policybazaar for Business - Contractors All Risk Insurance - Customer Reviews
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3.8 February 22, 2023
Compensate For Damages
I recently purchased Contractors All Risk Insurance from PolicyBazaar website and had a great experience with them. It was necessary to purchase this Insurance as I understand the risks and uncertainties of the job. However, with this policy, I found myself protected against a wide range of unforeseen events such as property damage, third-party liability and even employee injuries. Thanks to Policybazaar.
4.3 February 02, 2023
Quick Renewal
I recently purchased Contractors All Risk Insurance from PolicyBazaar and I am delighted to share my positive experience with this valuable policy. From the moment I initiated the process until the policy was in effect, PolicyBazaar demonstrated outstanding professionalism, reliability, and a genuine commitment to customer satisfaction. Thanks PB.
3.8 January 13, 2023
Time Saving Process
Throughout the process, I was consistently impressed by PolicyBazaar's exceptional customer service. Their representatives were friendly, knowledgeable, and always ready to assist me with any questions or concerns I had. They patiently explained the policy terms and conditions, clarifying even the most intricate details, which allowed me to make well-informed decisions regarding my coverage. I truly felt valued as a customer, and their dedication to ensuring my satisfaction was evident in every interaction.
4.3 December 24, 2022
Suitable Purchase
Recently we got a project to work on a site. I made sure that i get the contruction all risk insurance policy. A friend of mine suggested to purchase it from PolicyBazaar website so i went on their website and made the purchase without any hassle. It was a suitable purchase as it provided compensation for material damage and many more Thanks to PolicyBazaar.
4.3 December 04, 2022
Provides Security To Material Damage
I recently purchased Contractors All Risk Insurance from PolicyBazaar which provides me peace of mind, knowing that projects are protected against unforeseen events. This allows me to focus on my work without constantly worrying about potential risks and liabilities. Thanks Policybazaar.
4 November 14, 2022
Knowledeable Staff
The staff at PolicyBazaar were knowledgeable and helped me choose the right policy that fit my specific needs. I highly recommend Contractors All Risk Insurance through Policybazaar for anyone involved in construction projects."
4.3 October 25, 2022
Peace Of Mind
I recently purchased Contractors All Risk Insurance through PolicyBazaar and I am so happy with the services I received during the buying process. Also, the policy provided me with peace of mind during my construction project, as it covered unforeseen damages to the project site, materials and equipment. The claims process was straightforward and hassle-free and the insurance company promptly reimbursed me for the damages I incurred. Thanks Policybazaar
3.8 October 05, 2022
User Friendly Website
As a contractor, I was looking to buy Contractor all risk from the PolicyBazaar website online. So I went on their website and checked several details. It was well-maintained and described all the benefits in detail. I contacted their customer support and decided to buy from them. The website is really user-friendly and helpful. Highly Recommend. Thanks, PolicyBazaar.
4.5 October 01, 2022
Well Maintained Website
I was looking to buy contractor all-risk insurance that protects property from any damages and landed on the policybazaar website. It is well written & maintained website and provided all the necessary information. The add-ons are also affordable and provide extra protection.
4.5 September 30, 2022
All In One Policy
Unique perks, low premium, great customer support, and a claim settlement process are a few things that we have experienced with policybazaar. We bought a contractor all-risk policy last year and raised a claim for an incident. The process was simple and the claim was reimbursed in a few days.