Contractors All Risks and Erection All Risks (CAR/EAR) insurance is designed to provide comprehensive property damage coverage for the myriad of risks that construction projects face from project conception through completion and beyond.
Major onshore oil and gas projects, buildings, infrastructure projects, power projects.
Capacity: US $250 million Probable Maximum Loss basis.
Coverage can be tailored to include:
Erection All Risks (EAR)
Power generation and utilities
Oil, gas & petrochemicals
Chemicals and pharmaceuticals
Mining
Manufacturing and process industries (e.g. metals production and refining, pulp and paper, semiconductors and electronics, automobiles, food and beverages, textiles)
Contractors All Risks – Building Construction
Residential
Commercial
Government
Industrial
Contractors All Risks –Civil Works and Infrastructure
Bridges, roadways and railways, pipelines, tunnels, dams, marine works
Water and wastewater distribution
Power transmission and distribution
Telecommunication networks
Pipelines and storage tanks
Mining
Our market-leading capacity and technical expertise enable us to comprehensively address the most complex construction insurance needs of our customers. And our global network of local companies, underwriters, engineers and claims specialists provides our clients with easy access and efficient service wherever their operations might take them.
We provide value-added loss control services during the planning, construction and erection, and testing and commissioning phases of a project. Risk engineers located worldwide conduct risk assessment surveys and loss control inspections that analyze unique construction exposures such as lifting and rigging, tunnelling and underground works, transits and storage, testing and commissioning, and special exposures to partially completed structures from flood, windstorm, earthquake and fire, in addition to traditional areas of focus such as building code compliance and fire protection.
To learn more about AIG's capabilities in this field, please email Ged.McDowell@aig.com