Introduction in Contractor’s All Risk Insurance (CAR/EAR)

Bucharest 05 December 2019

Trainer: Iulia Nicola


This insurance product is increasingly demanded, especially for projects financed with EU funds, but also by contractors, for a comprehensive cover of any damage that occurs during the construction phase. It is also one of the insurance types required in public procurements.

Participants at this course will gain knowledge about this insurance product, they will understand the utility and development opportunities, they will understand the product characteristics, the usual clauses according to the project and will gain knowledge about the necessary information for underwriting.

Target group

The program is dedicated for employees of insurance companies, brokers and insurance agents, as well as for other specialists who want to become familiar with CAR/EAR insurance. Participants need to have knowledge about general insurance (non-life).

Course objectives

  • Gaining knowledge about the Contractor’s / Erection All Risk Insurance (CAR/EAR);
  • Understanding the opportunity of selling this insurance product and the development possibilities;
  • Presentation of the applicable legislation for this insurance type, FIDIC Contracts;
  • Understanting the characteristics and operating mode of this insurance product;
  • Understanding of insured risks, policy wordings and clauses - according to the main types of construction works, knowing the calculation of insured sums / liability limis.
  • Knowing of the necessary information for underwritig.


  1. Contractor’s All Risk Insurance – history and characteristics
  2. Development possibilities and opportunity of selling this insurance product
  3. The applicable legislation, FIDIC Contracts
  4. The main elements of the insurance contract: the parties involved in construction works and who can be insured, important types of construction / erection works, policy sections (material damage, third party liability), insured period, insured risks, main exclusions
  5. Additional clauses according to the main types of constructin works
  6. The information required for underwritig
  7. Examples, case studies
  8. Conclusions, Q&A





Iulia Nicola has experience in professional insurance since 2000, having responsibilities in underwriting of general insurance, product development, team and project management. During 2008 - 2016 she worked as Chief Underwriter at Gothaer Asigurari. Starting with 2017, she joint the UNSAR team, currently coordinating the General Insurance (non-motor) Section, including the association projects for property, engineering and liability lines.

Duration / Period

The program will last for 6 hours and will take place between 10:00-16:00.


The investment for the program is 450 lei + VAT / participant and include: course materialscoffee break; snack; certificate of participation.


At the above fee will be granted a discount of 5% for the registration of at least two persons from the same organization.

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