Category: Uncategorized
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Contractors’ All Risks (CAR) Insurance: Definition and Example
What Is Contractors’ All Risks (CAR) Insurance? Contractors’ all risks (CAR) insurance is a non-standard insurance policy that provides coverage for property damage and third-party injury or damage claims, the two primary types of risks on construction projects. Damage to property can include improper construction of structures, the damage that happens during a renovation, and damage to temporary work erected on-site. Third parties, including subcontractors, may…