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Engineering Class
Contractors' - All Risks Insurance
This policy covers any sudden and unforeseen physical loss or damage to structures being constructed or to materials on site, from any cause (other than those specifically excluded in the policy) including any liability to third party persons and/or property during construction. The policy could be extended to cover loss or damage to the completed work during the maintenance period as well.
The cover commences immediately upon unloading of construction materials at site and ceases with the handing over of the completed work. |
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| This cover includes protection against |
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Fire/ Lightning |
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Explosion |
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Malicious damage |
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Flood, Inundation, Storm |
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Burglary and Theft |
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Accidental damage |
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Extensions: |
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Riot and Strike |
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Terrorism |
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Clearance of debris |
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Extra charges for over time, express freight |
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Legal cost expenses recover by any Claimant from
the Insured |
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All costs and expenses incurred with the written
consent of the company. |
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Erection - All Risks Insurance
This policy is similar in many ways to the Contractors' All Risks Policy, although this policy provides protection during the erection of Machinery. This policy could be extended to cover damages during the testing period too.
Cover commences immediately upon unloading of the items to be erected at site and ceases upon the commissioning of machines.
This cover provides protection against |
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Fire/ Lightning, |
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Malicious damage |
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Explosion |
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Accidental damage |
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Theft and Burglary |
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Flood, Storm, Earthquake |
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Extensions: |
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Riot and Strike |
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Terrorism |
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Clearance of debris |
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Third party liability for life and property |
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Extra charges for over time, express freight |
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Legal cost expenses recover by any Claimant from
the Insured |
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All costs and expenses incurred with the written
consent of the company. |
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Computer - All Risks Insurance
This policy provides cover for computers and associated equipment against loss or damage from any accidental cause. This cover is provided on "all risks" basis and provides protection against: |
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Fire, Lightning, Explosion |
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Malicious damage |
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Theft and damage caused by thieves/ intruders |
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Accidental damage |
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Flood/ water damage |
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Extensions: |
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Riot and Strike |
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Terrorism |
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Cover for recompilation of lost/destroyed data |
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Additional cost to obtaining services of hired
computer labour in order to minimise the loss can also be covered. |
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Electronic - All Risks Insurance
This policy is issued for all types of Electronic Equipment such as
Fax Machines, Electronic Typewriters, Photocopy, Machines, Radio Broadcasting
and TV Equipment, Electronic Testing Equipment, etc. (Other than computer
and allied equipment)
This cover is provided on an “all risks” basis and includes
the following |
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Fire, Lightning, Explosion |
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Malicious damage |
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Theft |
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Accidental damage |
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Flood, Storm, Inundation |
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 Water
damage |
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Breakdown due to short circuit, over
voltage, fluctuation etc. |
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Extensions: |
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Riot and Strike |
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Terrorism |
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Boiler and Pressure Vessel Insurance
Protection is available under this policy for loss of or damage due
to EXPLOSION OR COLLAPSE of Boilers and/ or Pressure Vessels, caused
by steam, air or fluid pressure while they are in operation. Loss
of or damages to contents of Boilers or Vessels are not covered. Liability
to third party life and property damage due to Boiler explosion can
also be covered.
Deterioration of Stock in Cold Storage
This policy covers loss or damage caused by deterioration of stock
in cold storage due to an unforeseen damage to the refrigeration machinery
containing the said stock. Liability should be admitted under the
Machinery Breakdown policy prior to admission of liability under this
policy.
This policy is subject to certain specific exclusions particular to
these types of policies due to inherent defects, natural deterioration,
improper storage etc.
Machinery Breakdown Insurance Policy
This policy offers protection for loss or damage to all industrial
and commercial machinery in the event that they suffer accidental,
electrical and mechanical breakdown requiring repair and/ or replacement.
The cover is applicable while the machines are at work or rest. |
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