Contractor All Risks (CAR) insurance is a type of insurance policy that provides coverage for losses or damages that occur during the construction period of a project. It is designed to protect contractors,builders, and developers against potential risks such as theft, fire, natural disasters, accidental
damage, and other unforeseen events that may cause financial loss.

CAR insurance typically covers the construction site and materials, tools, machinery, equipment, and third-party liability. The policy may also include coverage for delay in start-up, design errors, and professional indemnity.

This type of insurance is usually taken out by the contractor or builder, but it can also be required by the project owner or lender as a condition of the project financing. The coverage provided by CAR insurance varies depending on the policy terms and conditions, so it’s important to carefully review the policy before purchasing it.