Comprehensive Protection for Every Construction Venture.

The Contractor’s All Risks Policy

The Contractor’s All Risks (CAR) policy is a comprehensive insurance tailored for construction projects, compensating contractors for physical damage during construction, such as fire or natural disasters.

It covers construction works, materials, and on-site equipment, unless specifically excluded. This policy includes third-party liability coverage and can be customized to meet project needs, serving as a vital safety net for financial protection.

A common contractual requirement in construction agreements, the CAR policy safeguards contractors and project owners against unforeseen events in the construction process.

Who needs Contractor All Risk Insurance ?

This policy can be taken by the principal (owner) or contractor or sub-contractors, jointly or separately. In practice, this policy is taken by the main contractor.

What is Covered and not Covered

What is covered in Contractor all risk insurance ?
What is excluded ?
  • Section II-
    Material Damage-covers physical loss or damage to the items insured due to any cause.
  • Section II-
    Third Party Liability-covers the insured’s legal liability towards third party bodily injury or property damage.
  • Inventory Loss or Loss discovered at the time of taking inventory
  • Normal Wear and Tear or Gradual Deterioration
  • Rust, scratching of painted or Polished Surface or Breakage of Glass
  • Cost necessary for correction of any error are not covered
  • War, Civil, Mutiny, Civil commotion etc
  • Wilful act of negligence
  • War or war like operations, Nuclear perils
  • Terrorism and Political risk
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Addon Covers offered by Takaful Oman

  • Cover for loss or damage to plant & machinery and contract equipment
  • Cover for loss or damage to temporary facilities like site offices
  • Cover for loss or damage to your existing and surrounding properties
  • Extended Maintenance Cover
  • Maintenance Visits Cover

You can intimate your claim through any of the following methods

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Call us @

22701600

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Whatsapp us @

22701600

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Write to us @

customerservice2@takafuloman.om

Information required to get a contractor all risk quote

  • Location of the property
  • Break up of Values
  • Occupancy
  • Proposal form

Documents required for filing a Contractor all risk claim

  • Duly filled claim form
  • Police Report
  • Furnish all other information and documentary evidence as maybe required by the Company or the adjuster
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