Goldstar Insrance Co. Ltd
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Contractors All Risk Insurance

For many Ugandan Businesses, risks are rarely thought about until a project is under threat, and that’s where understanding the value of Contractors All Risk (CAR) insurance becomes not just a safety measure, but an important business tool.

What is Contractors All Risk (CAR) Insurance?

In simple terms, Contractors All Risk insurance is a policy designed to provide coverage for damage to property.

Often required by construction or civil engineering projects, CAR insurance is meant to protect projects in progress, offering financial reimbursement to contractors or project owners in the event of unforeseen incidents that could lead to financial loss. 

It is a comprehensive policy that acts as a financial shield during construction, covering a wide array of risks that could otherwise result in significant added expense, delayed completion, or worse, project abandonment.

What Does Contractors All Risk Insurance Cover?

Contractors all risk insurance is a type of policy that provides coverage for construction and civil engineering projects.

A contractors all risk insurance policy is like a safety net for construction companies and contractors. It’s there to catch them if something goes wrong on the job site. Whether it’s a mistake, or damage to the property being worked on, this insurance has them covered.

Contractors all risk insurance cover gives the contractor peace of mind knowing that they’re protected no matter what happens during their construction projects.

What does the GoldStar Insurance Contractors All Risk Insurance Policy cover:

Fire Related Events

We’ve got you covered in case of fire, lightning, an explosion, or any damage from extinguishing water or other fire-fighting measures. 

Natural Disasters

Natural disasters such as floods, inundation, heavy rainfall, snowfall, avalanches, tsunamis, windstorms, earthquakes, land subsidence, landslides, and rockslides are also fully covered.

Burglary

But it’s not just natural disasters we consider. The GoldStar Contractors All Risk policy also protects your business from losses due to burglary. 

Malicious Acts

Our construction all risk insurance coverage extends to incidents caused by malicious acts as well.

Third Parties

We also provide cover for losses or injuries to Third Parties including their property as part of our standard contractor all risk policy coverage.

GoldStar's Contractors All Risk Insurance Optional Add-Ons

The Goldstar Contractors All Risk Insurance policy is designed with your unique needs in mind.

But we go even further, by offering exceptional Optional Extras tailored to provide comprehensive protection for your business. With these add-ons, you have the freedom to create a cover that best suits your specific circumstances.

Political Violence And Terrorism

One of our standout Optional Extras is the ‘Political Violence and Terrorism’ coverage.

In a world where political instability and terrorism can pose considerable risks to your business, we make sure you’re protected. This cover safeguards you against the unforeseen damages and interruptions that can arise from episodes of political violence and terrorism.

Remember, these optional extras come at an additional cost, but the investment is worthwhile for the extended protection it provides to your business.

Don’t leave your business exposed to unpredictable events. Choose GoldStar Contractors All Risk Insurance, and give your business the safety net it deserves.

Choose GoldStar's Contractors All Risks Insurance

The Goldstar Contractors All Risk Insurance policy is designed to protect you from unexpected events. Knowing what is covered helps you prepare more effectively for potential risks and make an informed choice for your business.

In order to make an informed decision about choosing GoldStar’s Contractors All Risk Insurance, you can take a look at the Key Considerations to take note of and the Exclusions that apply to this policy.

Other types of insurance cover

Cash In Transit Insurance

Cash In Transit Insurance

Cash In Transit, Money In Transit, Insurance from Goldstar means cash, bank notes, brand drafts, currency notes, cheques, current postage stamps, postal orders, money orders,

Burglary Insurance

Burglary Insurance

This covers property while contained in the premises be lost or damaged by theft involving entry into or exit from the premises by forcible or violent means.

Fire Loss of Profit Insurance

Fire Loss Insurance

A major accident at a business premises cannot only destroy the assets but also bring the business to a standstill, leading to loss of gross profit. 

FAQ’s

You will need contents insurance, sometimes known as all risk cover, for items for which you require cover out with the home. Please provide details of these items at the time of quotation to ensure that the policy provided meets with your requirements.

Accidental Damage cover provides protection against costs incurred through damage that you, your family members or visitors may cause to the structure of your Building or to your Contents. Examples of incidents which would be covered under this extension include putting your foot through the loft floor damaging the ceiling below, leaving a tap running leading to water damage or carpet spillages. Such incidents would not be included under a policy taken out to cover Standard Perils only.

Additional charges will apply and in certain circumstances this cover might not be available.

Items kept in the garage or garden sheds will be covered under the Contents section of your policy provided you have included their value in the total sum insured declared. Limits may apply to the amount that can be claimed for theft of items taken from outbuildings and additional charges may be made for certain items such as ride on mowers. Cover for motor vehicles and motorcycles is excluded. Please declare your requirements for cover kept in outbuildings at the time of quotation to ensure that the policy provided meets with your requirements.

In most cases you will need to arrange cover for your own contents and personal possessions. Please refer to your tenancy agreement to check what, if any cover is provided by your landlord.

An excess is the amount a policyholder is required to pay towards the cost of any claim. You may be asked to pay this amount to a company that has carried out repairs on behalf of your insurer, or alternatively the sum will be deducted from any settlement received.

Tips:

Goldstar claim process

No matter what your worry is, we’re here to help explain the process, assess your claim fairly and minimize the disruption to you with a transparent claims process.

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How to make a claim

We have a number of options to help you make a claim quickly and effectively. Contact our dedicated claims team for advice on an incident/claim.

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Why choose us ?

Goldstar Insurance was IFM’s Best Insurance Company in Uganda (2015) and has over the years consistently maintained a Global A+ Credit Rating

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