Contractor's All Risk Insurance

This insurance offers comprehensive and adequate protection against loss or damage in respect of the contract works, construction plant and equipment and/or construction machinery, as well as against third party claims in respect of property damage and/or bodily injury arising in connection with the execution of a construction project.

Terms and conditions as per standard policy apply.

Electronic Equipment

This insurance provides cover for all electronic systems which generally have only a moderate power requirement while such equipment is at work, at rest or during maintenance operations for cleaning, overhauling or of being shifted within the premises, or in the course of the aforesaid operations themselves, or during subsequent re-erection, but in any case, only after successful commissioning.

Terms and conditions as per standard policy apply.

Erection All Risk

This is an Insurance which offers comprehensive and adequate protection against all the risks involved in the erection of machinery, plant and steel structures of any kind as well as third party claims in respect of property damage or bodily injury arising in connection with the execution of an erection project. It contains the following sections: Material Damage – Coverage includes any unforeseen and sudden physical loss or damage from any cause, other than those specifically excluded. – Insurers will indemnify the Insured in respect of such loss or damage as hereinafter provided by payment in cash, replacement or repair. Third Party Liability The company will indemnify the Insured against such sums which the Insured shall become legally liable to pay as damages consequent upon a) accidental bodily injury to or illness of third parties (whether fatal or not) b) accidental loss of or damage to property belonging to third parties Occurring in direct connection with the construction or erection of the items insured.

Terms and conditions as per standard policy apply.

Machinery Breakdown

It was developed to grant industry effective insurance cover for plant, machinery and mechanical equipment at work, at rest or during maintenance operations. It covers the following:

All machinery and plant

Machinery is insured when ready for commercial operation; in the case of newly installed plant once it has been commissioned and the testing period has been completed successfully.

This insurance applies whether the insured property is at work or at rest, or dismantled for cleaning, overhauling, or of being shifted within the premises, or in course of subsequent re erection;

Insured perils

The Company indemnifies sudden and unforeseen physical loss or damage, necessitating its repair or replacement and resulting from:

Fortuitous working accidents such as maladjustment, loosening of parts, failures or faults in protective devices, entry of foreign bodies.

Tearing apart due to centrifugal forces

Shortage of water in steam boilers or pressure vessels

Over pressure or implosion;

Short circuit, over voltage or over current

Defects or faults in design, material or manufacturing and faults in erection

Faulty operation, lack of skill, carelessness, malevolence of employees

Storm

Terms and conditions as per standard policy apply