CAR insurance covers physical loss or damage to construction projects, including materials, machinery, and work-in-progress during the construction phase. It also covers third-party liabilities arising from construction activities, including injury or property damage to others. This insurance is essential for contractors undertaking large or complex projects. Coverage extends to accidents, natural disasters, theft, and damage during transit or storage of construction materials. CAR insurance ensures that contractors can complete projects without bearing the full financial risk of unforeseen events.
