We
have various policies in this branch of insurance and as per
requirements of
clients namely:-
i)
Contractors
All
Risks Insurance:
The
insured will be indemnified against any unforeseen and sudden
physical loss or damage to the contract works from any cause
unless specifically
excluded under the policy; and against such sums which the
insured shall become legally liable to pay as damage to third
party occurring in direct connection with erection,
construction or testing of work.
(ii)
Machinery Breakdown Insurance:
This is
an all risks insurance which covers almost all types of
machinery's against sudden breakdown of machinery.
A Consequential loss policy may also be issued against
business interruption due to machinery breakdown.
i
ii)
Deterioration of Stock Insurance:
This
insurance is specially designed to meet the requirements
against
deterioration of goods in cold storage due to a breakdown of
refrigerating machinery.
iv)
Contractors Plant & Machinery (CPM) Insurance:
This is
an insurance of contractors plant & machinery on an
annual basis. This policy covers loss/damage to
machinery & plant while at work, at rest and is
not limited to specific construction site:
v)
Electronic
Equipment
Insurance:
The
insured will be indemnified if at anytime during the period
of insurance, the items insured and any part thereof shall
suffer any unforeseen and sudden physical loss or damage
from any cause other than those specifically excluded.
excluded under the policy; and against such sums which the
insured shall become legally liable to pay as damage to third
party occurring in direct connection with erection,
construction or testing of work.
