Tiếng Việt
Contractors / Erection All Risks (CAR)
Protect your project from groundbreaking to handover.
CAR Insurance is a single, comprehensive policy that covers physical loss or damage to the works and third-party liability arising during construction—helping owners, contractors, and lenders keep timelines and budgets on track.
Target clients
- Project owner.
- Main contractors.
- Subcontractors on civil, industrial, and commercial builds.
Core protections
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Contract works, materials, and temporary works against accidental, sudden, and unforeseen events (fire, flood, storm, theft, collapse, etc.).
- Third-party liability for bodily injury and property damage occurring at or around the site.
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Debris removal, professional fees, and testing/commissioning (where applicable).
Add-on protections
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Existing/surrounding property
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Off-site storage and transit
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Maintenance/defects liability period
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Vibration/removal of support
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Cross-liability
Results you can expect
- Keeps projects bankable and contract-compliant.
- Reduces financial shocks from unforeseen events.
- Demonstrates robust risk management to stakeholders.
Vietnam Legal Requirements
Vietnam requires insurance for construction works during the construction period on projects that impact public safety or the environment, or are technically complex (as listed in government schedules). In addition, since July 1, 2022, contractors must purchase compulsory third-party civil liability insurance with minimum limits set by law. Separate compulsory cover also applies for employees working at construction sites. These obligations are set out in Decree 119/2015/ND-CP and updated by Decree 20/2022/ND-CP
