Construction Phase Risks
Contractor’s All Risks (CAR)
Contractors’ all risks insurance (CAR) is a policy that protects a project during the building phase by safeguarding physical loss or damage to the works, materials, and often plant and equipment, while also adhering to third-party injury or property damage claims.
Erection All Risks (EAR)
Erection All Risks (EAR) insurance is a specialized policy designed for the erection, installation, testing, and commissioning of industrial machinery, plant, steel structures, and equipment, providing broad "all risks" protection against sudden physical loss or damage along with third-party liability for injury or property damage during these operations.
It typically applies from unloading at the site through to handover (including testing), distinguishing it from Contractors' All Risks (CAR) by focusing on mechanical/electrical projects like power plants or factories rather than general building construction.
Contractors' Plant and Machinery (CPM)
Contractors' Plant and Machinery (CPM) insurance safeguards construction equipment owned or in custody by the contractor against accidental physical loss or damage, often extending to third-party liability for injury or property damage caused by the equipment.
Advanced Loss of Profits / Marine Delay in Start-up
Advanced Loss of Profits (ALOP) insurance is a specialized extension for construction, engineering, or new project launches, protecting stakeholders for anticipated gross profits and standing charges if delays occur due to damage covered under policies like CAR or EAR.
Marine DSU insurance safeguards stakeholders against financial losses from delays in project startup caused by insured marine perils during cargo transit, such as physical damage, vessel breakdowns, or port issues. It is considered essential for high-value infrastructure projects involving sea-shipped equipment.