Contractors All Risk (C.A.R.) Insurance
Midas Insurance Brokers can offer you the convenience of a combined insurance policy with cost effective protection for your Retail, Commercial or Industrial business. You can simply choose, and combine, the policy options that are most appropriate to you and your business, without having to pay for the covers you don't need.
- Commercial, Retail, Industrial
- Property
- Business Interruption
- Theft
- Machinery Breakdown
- Money
- Electronic Equipment
- Glass, Broadform Liability
- Transit
- General Property
PROPERTY
Property provides cover to Buildings, Stock, Contents and Plant. The policy provides cover for both defined events and accidental damage.
DEFINED EVENTS
This section clearly defines the events against which you are covered. To claim, the loss or damage must be caused by one of the events.
Some of the most common events: Fire, lightning or explosion, Bursting or leaking pipes, Earthquake, storm, rainwater (excluding flood), Malicious damage.
ACCIDENTAL DAMAGE
In the event of accidental damage to your property (other than those events specifically excluded) you will be covered under the policy. Generally up to 10 % of the property sum insured. For most businesses this cover is provided at no extra cost.
BUSINESS INTERRUPTION
If your business activities are interrupted as a result of damage to property, you can protect the income you would otherwise lose during the time your business is not operating.
The policy can provide cover for Loss of gross profit, Loss of rent, Business income, Payroll, Theft. Protection can be provided against loss or damage to your property caused by forcible or violent entry to your premises.
The policy can provide cover for:
- Stock
- Contents
- Plant & Equipment
- Armed holdup
- Customer goods
- Increased peak period
- Money
The policy gives you the flexibility of choosing the level of cover you need, in the event of loss or damage to money belonging to you and connected with the business.