How To: Request CAR Insurance

A quick 1m 33s video tutorial from “The How-To Series”

Request Insurance quotes on a specific Tender or Project by clicking on the CAR Insurance button and view more details on available CAR Insurers.

Do you have a ‘How To’ you’d like us to cover? Leave a comment and let us know.

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About Sasha Anderson

Millennial Mom + wife living the hash-tag life. Remember: If You Fail - Fail Forward

Contractors Insurance: Legendary Risk Solutions


Legendary Risk Solutions (Pty) Ltd is a market leader in the Construction and Plant insurance industry with over 15 years of Engineering Underwriting experience and customised insurance solutions and claims management.

Our specialised services and offerings are aligned with the highest of standards and we pride ourselves in our exceptional service deliveries. With the support of our expert and qualified staff, combined with our expanding infrastructure.

Legendary Risk Solutions (Pty) Ltd specialised product offering, offers you:

  • Construction Related Guarantees
  • Construction and Engineering Insurance
  • Plant All Risk
  • General Business Insurance
  • Specialist Liability Cover
  • Commercial Vehicle Insurance
  • Specialist Liability Insurance

What is the most important insurance for Contractors/Subcontractors to consider?

Contract Works
This policy provides protection for Principals, Contractors and Sub-Contractors, covering construction projects, against physical loss or damage to the works during the construction phase. The projects can range from the construction of domestic dwellings, office blocks, water and sewer reticulation, roads, bridges or any other infrastructure development or process plants.
The policy can also provide protection for the Employers’/Contractors’ Legal Liability, in the event of injury or damage to third party persons or property, arising from the execution of the works.

Plant All Risks
This policy is designed to cover construction, mining and other mobile and non-mobile plant/machinery, against loss or damage whilst situated on-site or in transit to, or from the site. The cover can also apply to plant hired in or out by the employer and can cater for hiring costs following indemnifiable damage to the plant insured.

Machinery Breakdown
The Machinery Breakdown policy caters for sudden unforeseen physical damage to plant and machinery at the insured’s premises/factory. The cover includes damage resulting from dismantling and re-erection of machinery within the Insured’s premises.
The machinery can range from small refrigeration compressors and electrical motors to all types of machines used in mining, manufacturing and materials handling.

Loss of Profit
The policy caters for loss of Gross Profits or Increased Cost of Working (I.C.O.W.), resulting from a reduction in turnover following sudden unforeseen physical damage to plant and machinery covered under a Machinery Breakdown policy.

Deterioration of Stock
The policy is designed to cater for deterioration/spoilage of perishable goods held in cold storage facilities resulting from fluctuations in temperature caused by sudden unforeseen physical damage to machinery, such as the refrigeration plant, where cover is provided by a Machinery Breakdown policy.

Dismantling Transit and Erection (D.T.E.)
The Dismantling Transit and Erection policy provides cover for the movement of machinery between premises and includes the installation, as well as testing and commissioning of new machinery.
The cover can be extended to include Third Party Liability arising from the insured’s operations.

Works Damage
This policy is designed for the protection of manufacturers against damage to their products during the manufacturing process and or the property in the course of manufacturing arising from the impact caused by collision, dropping, swinging, overturning or collision at the manufacturer’s premises.

Computer and Electronics
The above policy provides cover for electronics equipment in its widest spectrum of use. The cover is on an “All Risks” basis, covering fire, theft, surge damage, malicious damage and electrical, mechanical derangement.
The equipment that can be covered by this policy ranges from P.C.’s (desktop computers) to medical apparatus, PABX’s (telephone exchanges), mainframes and laptops.
The policy can be extended to include Increased Cost of Working (I.C.O.W.) and Reinstatement of Data (R.O.D.).

How can companies get in touch with you?

We are linked to all Projects & Tenders on Leads 2 Business. Simply click on the Contactors Insurance button and request a quote from us.
Alternatively, visit our website or contact us on 082 456 6541



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About Shanna Knezovich

I started my journey with Leads 2 Business in 2013 as an Account Co-Ordinator. I transitioned into an External Sales position as an Account Executive in 2015. I help professionals within the building & construction industry keep up to date with the latest project and tender information as well as source new business opportunities throughout Africa.

Insurance: Do you have R20 million laying around?

Would you buy a new car without taking out insurance?

Would you buy a house and not insure your asset or the contents of your home?

With that in mind, when you own your own business, you would need comprehensive insurance. You need to make sure that every aspect of your company is covered to prevent major financial loss should an incident occur.

Here are some policy sections to consider:

  • The building you are based at (owned or rented, add subsidence and landslip cover if needed)
  • The contents of the building (furniture, electronic equipment, all risks for laptops, tablets & phones. Fixtures and fittings fall under the building insurance. Be sure to look out of any exclusions or limitations like a power surge or accidental damage cover)
  • Your employees (workman’s compensation)
  • The equipment and plant used on site
  • Comprehensive vehicle insurance which allows for staff to drive (it would be beneficial to look at car hire cover & excess waiver as well)
  • The work itself (construction/performance guarantee)
  • Liability insurance should an unexpected incident occur

Making sure every aspect is covered, will ensure that you are at ease and under less stress when you are working on a project. Ask your broker to do a comprehensive inspection at your premises that way leaving no stone unturned.

This will give you peace of mind allowing you to focus on your projects and deadlines and not on all that can possibly go wrong.

The majority of tenders require proof of liability upfront. This usually equates to 30 -70% of the contract value. In some cases, it is 2 – 3 times the value of the contract.

If you do not have a comprehensive commercial insurance policy, do you have at least R20 million gathering dust? In today’s economic climate, you can’t afford the risk.

It is usually easier, safer and much more sensible to have liability cover in place. Give it some thought, as this all might save your company huge amounts of time, money and stress in the future.

May you invest in your own company, to better your future and the lives of those you employ.

Not sure where to go from here? Click this option on your tender to obtain a no-obligation quote today.

Image Source: Pexels


To view more Articles, please visit our Leads 2 Business Blog.
If you are interested in becoming one of our subscribers, please visit Leads 2 Business.
To view notes with screenshots on how to use our website, please visit Leads 2 Business Wiki.

About Antonette Claassens

I am a fanatical researcher who takes immense pride in the information I publish and those all-important finer details. When I'm not "researching up a storm", I love the ocean, fab music, and fine dining.