Project & Construction Insurance

Both parties have an insurable interest. Developer-arranged "Principals' All-Risk" or contractor-arranged "CAR" policies are both common. We advise on the optimal structure to avoid gaps or duplication, and arrange "wrap-up" (OCIP/CCIP) programs for large projects.

Standard CAR policies exclude design defects but cover physical damage resulting from design errors. Professional Indemnity insurance is the appropriate cover for the design itself. Design-and-build contractors need both.

Coverage should start from the moment contract works material arrives on site (or when liability for the works commences, whichever is earlier). We recommend arranging cover before site preparation begins to avoid any gap.

The maintenance or defects liability period is the time after practical completion during which the contractor is responsible for rectifying defects. CAR policies typically include a maintenance period extension (usually 12–24 months) at a small additional premium.

Yes. Annual project insurance policies (sometimes called "blanket" or "annual turnover" policies) can cover all projects commenced during the year up to declared values. This is cost-efficient for contractors with ongoing project pipelines.

Construction claims typically require a loss adjuster and often an engineer to assess cause and quantum. We arrange specialist construction claims adjusters experienced in the UAE market, and advocate strongly for fair and expedited settlement.