CAR insurance Utility construction SME
Protect offices, shops, schools, healthcare institutions and commercial properties against damage during construction. Coverage for work in progress, construction materials and more.
🏗️ CAR insurance Utility construction
CAR insurance for non-residential construction
A lot can go wrong during construction: fire, storm, water damage, theft or a construction error. CAR insurance (Construction All Risk) covers material damage to the work in progress, building materials on the construction site and optional auxiliary equipment.
As a non-residential construction company, you are responsible for offices, shops, schools, healthcare institutions and business premises. Without CAR insurance, damage will be at your own expense or it will lead to discussion with the client. Clients are increasingly demanding in the specifications that the work is insured.
You can choose from a continuous CAR (for multiple projects per year) or an expiring CAR (per project). We are happy to advise you on the best choice for your situation.
Damage examples Non-residential construction
This can happen in offices, shops, schools, healthcare institutions and business premises.
🔥 Fire Office
Fire in an office building under construction causes enormous damage.
Damage: €800,000🌪️ Storm damage
Storm damages the facade of a shopping center under construction.
Damage: €200,000💧 Water damage
Flooding damages technical installations.
Damage: €150,000🔨 Construction error
A design error leads to subsidence of the foundation.
Damage: €500,000What does the CAR insurance cover?
Work in Progress
Damage to the structure during construction: collapse, construction errors, damage.
Building materials
Materials on the construction site: damage due to fire, storm, water or theft (after forcible entry).
Auxiliary equipment
Optional: scaffolding, formwork, construction lifts and other auxiliary equipment on the construction site.
Existing Property
For conversion/renovation: optional cover for damage to the existing building.
Execution errors
Damage due to errors in implementation (policy dependent, often with limitations).
Maintenance period
Optional: coverage during the maintenance period after delivery (usually 12 months).
How much does CAR insurance cost?
CAR insurance for non-residential construction
Continuous CAR for multiple projects. Decreasing CAR: usually 0.1% - 0.5% of the construction sum.
Premium depends on project type, construction amount, duration and risks.
Why Choose Finass Insures?
Construction Specialist
Experience with CAR insurance for all construction projects and professions.
Cutlery Check
We check whether your policy meets the client's requirements.
Competitive Premiums
Comparison of 20+ insurers for the best price.
50+ Years of Experience
Specialist in construction and business insurance.
Frequently Asked Questions CAR insurance
Is your construction project well insured?
Request a quote for your CAR insurance without obligation. We are happy to advise you.
