Contractors all risks insurance in Hong Kong also known as CAR, this policy protects your construction works projects with all risks covered against accidental loss or damage to property and third-party liability for accidental bodily injury or property damage during the contractual period.

It’s called “all risks” because that’s what it intends to cover unless excluded under the policy.

Two main components of the policy are the following:

Section 1 – Material Damage

Section 2 – Liability to Third Parties

A number of extensions under Sections I and II are also available, such as removal of debris, professional fees, and the construction plant and defect liability period.

Contractors all risks insurance in Hong Kong can be applied to any of the following:

Developers, employers, contractors, sub-contractors, project managers, and anyone involved should have this type of coverage.

When things go wrong on-site, they can go badly wrong, so please understand the cover and your potential liabilities.

The sum insured for Section 1 of the coverage is set according to the contract sum. The limit of indemnity for Section 2 can range depending on the scale of the project, starting from HK$10,000,000 for relatively minor residential or commercial interior fit-outs or renovation projects to upwards of HK$100,000,000 for major construction projects such as high-rises and highways.

Not all insurers will have the capacity for such significant limits. Still, we have extensive experience in this field and can provide such coverage.

The only guide that can be given without an in-depth conversation with us would be for minor contract works.

For example, internal residential fit-out works only.

Works value: HK$1,000,000

Construction period: 30 days

Defect liability period: 3 months

Third-Party Liability: HK$10,000,000

Total Indicative Premium (incl. IA Levy): HK$4,679.68

*This is an indicative premium, for a personalised Quote, please complete the quotation form opposite.