Insurance programs

CAR/EAR insurance

CAR/EAR insurance is a civilized way to protect investments and assets of all the participants of expensive technical projects allover the world that is boosting now in Ukraine.

CAR/EAR insurance is one of the most undeservingly underestimated types of insurance. According to the expert opinion, only about 20 per cent of civil engineering works have full insurance coverage in Ukraine despite the fact that these risks are absolutely "perceivable" as site incidents often take place with a casualty loss totaling millions dollars.

Construction companies being at risk of high casualty losses during the construction period catalyze the growth of this type of insurance. Any construction object can be insured against majority of risks associated with civil engineering works.

This type of insurance contract is necessary for both self-employed persons and corporate entities licensed for performing civil engineering and construction works and acting as:

Investors;
Employers;
General Contractors;
Contractors; and
Subcontractors.

The following objects are to be insured:

Civil engineering objects;
Construction materials and structures;
Plants and equipment;
Plants and equipment on the site;
Temporary works;
Property located on the site or on an adjacent territory owned, stored or managed by Employer or Contractor;
As agreed by the parties to insurance contract: liability for any harm to life, heath or property of third party in the course of civil engineering works.

Insured accident

Insured accident in case of CAR/EAR insurance is a damage or total loss of civil engineering objects or insured property caused by:

Fire risks (fire, thunderbolt, explosion, drop of piloted airborne vehicles, their wreckage or cargo);
Acts of God or natural disasters;
Unlawful acts of third party;
Incidents;
Water damage risks;
Other unexpected or incidental events.

The parties may agree to make insurance contract covering all the risks or to select only specific risks from the list.

Insurance benefit

In case of insured accident a loss is reimbursed in the amount of total expenses related to restoration or repair of property insured, including:

Cost of new structures and spare parts required for replacement of impractical ones;
Cost of mantling and dismantling of property objects;
Cost of transportation of materials, structures, spare parts, and components;
Labor expenses related to repair works;
Related customs duties;
Other expenses reimbursable under insurance contract

In case of liability insurance the policy pays out any damage of life, heath or property of third party incurred in the course of civil engineering works.

Attention! Price of insurance policy at our company is not more expensive than at the insurer company, in so far as this is just the insurer, not the customer, who pays for our services and makes our profit. Even more, our price is often less than that offered to customer at the insurer’s office. This is due to partnership relations established during the years of cooperation!

Apriori – insurance consultant №1