Contractors’ All Risks Insurance offers comprehensive and adequate protection against;

It covers unforeseen and sudden physical loss of or damage to insured items during the course of their construction from whatever cause not specifically excluded under the policy.

Insured Risks include:

Erection All Risks

This area of Engineering Insurance offers comprehensive and adequate protection against all the risks involved in the erection, testing and commissioning of;

Erection All Risks provide protection against losses arising from unforeseen and sudden physical loss or damage occurring during erection and testing from whatever cause not specifically excluded under the policy.

Contractor’s Plant and Machinery

This insurance provides insurance protection against any loss or damage of your Construction Plant, Equipment & Machinery whether it is working on the site at rest or during maintenance operations and is not limited to a specific construction site and cover for the annual basis.

Some of the Insured items are listed here which can be covered under this policy;

Each & every item must be declared for insurance with the current new replacement value, including all installation costs and customs duties.

Machinery Insurance provides protection for industrial enterprises using large units or fully automated production plants and for medium-sized and small enterprises where machinery failure may have serious financial and economic consequences.

Plant and machinery are exposed daily to operational hazards, be it failure or malfunction of safety devices, faulty material, short circuit or even negligence of employees.

With increasingly sophisticated machinery and longer delivery periods from makers, any such interruption is a cause of great concern to the owners, in this situation the consequential loss policy cover loss of business following accidents as insured under Machinery Breakdown Insurance Policy including increase in cost of working.

Insured Risks

1. Gross Profit: It covers loss of Gross Profit following an accident to the insured machinery which is covered under the Machinery Breakdown Insurance Policy.
2. Fixed Standing Charges: It covers loss of Gross Profit following an accident to the insured machinery which is covered under the Machinery Breakdown Insurance Policy.
3. Increase Cost of Working: It covers loss of Gross Profit following an accident to the insured machinery which is covered under the Machinery Breakdown Insurance Policy.

Electronic Equipment Insurance gives the widest possible cover appropriate for the exposure of electronic equipment to everyday operational hazard as well as catastrophic losses.

This is an “accidental” insurance on an “all risks” basis covering sudden and unforeseen losses which materially affect the subject matter insured. Losses due to the following causes give rise to the vast majority of all claims.

The Boiler and Pressure Vessel Insurance Policy provide coverage against an explosion of any boiler or pressure vessel insured whilst in the course of ordinary work.

Insured Risks

This policy will compensate any loss or damage to perishable goods (e.g.: food items such as fish, shrimp, meat etc.) kept in cold storage which deteriorate due to any unforeseen and sudden physical loss of or damage to the machinery specified in the list of machinery and which can be indemnified under the machinery breakdown policy in force. Therefore the precondition to obtaining this insurance is that the cold storage facility in which the perishable goods are to be kept should be insured under a Machinery Breakdown Policy.