Contractors All Risks
Insurance
This insurance comprehensively covers all forms of building and civil
engineering construction. The cover operates whilst projects are underway on an
all risks basis.
Plant All Risks Insurance
This coverage is arranged on an all risks basis to ensure that loss of or damage
to
the equipment used does not impede the success of the project. The protection to
plant/equipment applies whilst on site, in transit, or whilst in storage.
Erection All Risk Insurance
The erection all risk insurance covers losses during the installation of
machinery and equipment in projects.
Machinery Breakdown Insurance
This policy caters to those unforeseen mechanical or electrical breakdowns of
machinery. In order to control the costs of the insurance, it is recommended
that
only key items are selected for coverage.
Machinery Breakdown Loss Of
Profit
Machinery Breakdown loss Of profit (MBLOP) is a policy designed to provide
coverage
for financial loss resulting from a machinery breakdown. This policy must be
issued
concurrently with the Machinery Breakdown Insurance policy.
Deterioration of Stock Insurance
following Machinery Breakdown
The quality of stock or produce may be adversely affected because of the sudden
breakdown of the machinery. This policy will extend to indemnifying you against
such an event.
Public Liability
In concluding any contract or through an operating plant in projects, the nature
of
activities performed attracts potential liability risks. This policy indemnifies
your company, and subcontractors who are determined to be legally responsible
for
damage to the property of third parties or injuries that you may have
caused.
