Contractor's All Risks (CAR) Insurance
This policy insures damage to any contract works including construction plant and equipment, third party property, surrounding property etc. There are two kinds of Contractors All Risk policies, annual policies for contractors handling many small, medium to large contracts of a similar nature and a single contract policy for specific contracts.
Erection All Risks (EAR) Insurance
This insurance covers the risks associated with storage, assembly/erection and testing and commissioning of plant and machinery. The policy can be extended to cover third party liability exposures.
Contractor’s Plant & Machinery (CPM) Insurance
This Policy insures construction plant and machinery against sudden and accidental damages or destruction caused by external influences and occurring within the construction site.
Electronic Equipment Insurance (EEI)
This policy insures damage to electronic equipment, damage to Insured's inputted data and records and costs incurred to retrieve and recover the lost data.
Machinery Breakdown Insurance (MBI)
This policy insures loss or damage to machinery caused by defects in casting and material, faulty design, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, short circuit or storm.
Loss of Profit following Machinery Breakdown (MLoP) Insurance
This Policy provides cover for the actual loss of profits sustained as a result of business interruption caused by an accident indemnifiable under Machinery Breakdown Insurance.
Deterioration of Stock (DOS) Insurance
This insurance is a form of consequential loss cover, especially available for stocks contained in cold stores. Cover will be for loss or damage to the machinery specified in the list of machinery declared in the proposal form.
Boiler & Pressure Vessel (BPV) Insurance
This policy is designed for boilers in industries and factories. It provides cover for boilers and pressure vessels due to explosion or implosion. The policy also covers damage to surrounding properties and liabilities for injury to third parties or damage to third party property.