Insurance
Construction All Risk (CAR) Premium Written
Underwriting a CAR policy for a major construction project in Jordan.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Premium Receivable — Engineering CAR | Asset (+) | 35,000.00 | - |
| Written Premium — Engineering CAR | Revenue (+) | - | 35,000.00 |
💡 Accountant's Note
CAR policies cover construction works in progress, plant, equipment, and third-party liability on construction sites. The premium is typically earned proportional to the construction schedule.
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