Contractor / Erection All Risk
Contractor / Erection All Risk
A Contractor All Risk (CAR) or Erection All Risk (EAR) cover protects your assets during your building or installation project. It is also usually coupled with a Third Party (Public) Liability cover to manage your liabilities should an accident happen resulting in injury to third parties or damage to third party properties.
There is also a third component that is optional – Employer’s Liability (EL). This covers you in case the employees involved in the project are injured during the course of the project resulting in legal claims against you the main employer. While regulation in Singapore requires all companies to have annual Work Injury Compensation (WIC) insurance, EL protects you in case the employees are not under your direct employment (and hence beyond the scope of your WIC annual cover).
Finally, to assure your clients, there may also be a requirement for Performance Bonds. We do assist our clients in the arrangement for such bonds where needed.
Let us understand your project and scope for us to craft quotes for you. We offer streamlined packages for standard projects e.g. interior renovation. We also cover complex projects for example involving piling / extreme heights or works in sensitive locations e.g. Jurong Island.
