Product
Project-specific insurance for construction and engineering works — from groundbreaking to handover.
Construction insurance — primarily Contractors' All Risks (CAR) and Erection All Risks (EAR) — provides project-specific coverage for construction and engineering works. It protects against physical loss or damage to the works, materials, and equipment during the construction period and the subsequent maintenance period.
Construction projects involve significant capital at risk over extended timeframes. A partially completed building can be damaged by fire, storm, or flood. Piling works can cause subsidence to adjacent properties. A crane collapse can injure workers and damage surrounding structures. Construction insurance ensures that these events — which are inherent to the industry — don't become financial catastrophes.
In Singapore's construction sector, CAR/EAR insurance is effectively a prerequisite for any project. Government agencies like BCA and HDB, as well as private developers, routinely require contractors to maintain construction insurance as a condition of the contract. Without it, you don't win tenders.
Coverage
Key areas of protection included under a typical Construction Insurance (CAR/EAR) policy.
Physical damage to the works under construction, including materials, labour, and installation costs
Construction materials, supplies, and components stored on the project site
Loss or damage to materials while being transported to the project site
Bodily injury or property damage to third parties arising from construction activities
Damage to the principal's existing structures adjacent to or connected with the construction works
Coverage during the defects liability period after project completion
Costs of demolishing, removing, and disposing of debris following a covered loss
Architects', engineers', and surveyors' fees incurred in reinstating damaged works
Who Needs This
Main contractors. If you're running a construction project, you need CAR insurance. It covers the full value of the contract works — including materials, labour, and subcontractor work — against physical damage from any cause not specifically excluded. Most construction contracts place the insurance obligation on the main contractor.
Subcontractors. While the main contractor's CAR policy usually covers the entire project, subcontractors may need their own coverage for equipment brought to site, their portion of the works, and their third-party liability exposure. Some main contractors require subcontractors to carry independent policies.
Developers and project owners. If you're developing a property — whether residential, commercial, or industrial — you have a financial interest in the works. Being named as a co-insured on the contractor's CAR policy protects your interest, or you may choose to arrange a project-wide policy yourself.
Engineering and M&E contractors. Companies installing machinery, mechanical and electrical systems, or structural steelwork need EAR coverage. The erection and commissioning of equipment involves unique risks that standard property insurance doesn't cover.
Related Industries
Why TRS
Project-specific expertise. We structure CAR/EAR policies to match your contract requirements — including the right insured parties, coverage period, maintenance period, and third-party liability limits. We've handled cover for everything from HDB BTO projects to commercial office developments.
Tender-ready documentation. When you need a Certificate of Insurance for a tender submission, time matters. We prepare and issue COIs quickly so you can submit on time with confidence.
Annual policy options. Running multiple projects? We can structure annual open-cover policies that automatically cover new projects as they commence — saving you time and often reducing your overall premium.
FAQ
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