Chubb’s Contractors All Risk (CAR) offering protects companies from risks relating to the day-to-day running of a business. As a global insurance company, we offer market leading construction services to clients and brokers within the UK as well as annual covers and projects overseas. Typical customers will be commercial building contractors who may also use contractor’s plant and equipment in their day to day business.
Our policy offers broad cover and a wide appetite for trade, size and complexity of risk and includes the following sections of cover:
Chubb’s Contractors Plant Insurance (CPI) policy protects contractor’s plant and equipment including plant owned and plant hired in.
Owned Plant – All risks of damage to owned plant whilst at any location within the territorial limits and whilst in transit (other than by sea or air).
Hired in Plant – Cover provided in respect of the Insured’s legal liability under the terms of their hire agreement to pay compensation for damage to hired in plant whilst in the Insured’s custody or control whilst at any location within the territorial limits and whilst in transit (other than by sea or air).
Continuing Hire Charges – Cover provided in respect of the Insured’s legal liability for payment of continuing hire charges for which they are responsible under the terms of their hiring agreement and as a result of damage insured under Section 2 – hired in plant