CONTRACTORS ALL RISK INSURANCE/THIRD PARTY LIABILITY INSURANCE

This policy is specially designed to give financial protection to the Civil Engineering Contractors in the event of an accident to the civil engineering works under construction..

The policy comprises of 2 Sections :

• Section I-Material Damage-covering physical loss, damage or destruction of the property insured by any cause, other than those specifically excluded in the policy.
• Section II-Third Party Liability-covering the legal liability falling on the insured contractor as a result of bodily injury or property damage belonging to a third party.

CONTRACTORS PLANT and MACHINERY INSURANCE

This policy covers all different types of machinery used for handing material or construction against sudden, accidental, external damage to the insured machinery due to any cause other than those specifically excluded in the policy.

ERECTION ALL RISK INSURANCE/ THIRD PARTY LIABILITY INSURANCE

This is a comprehensive policy covering physical risks which a project is exposed to during its erection, testing and commissioning at the site.

The policy comprises of 2 Sections :

• Section I-Material Damage-covering physical loss, damage or destruction of the property insured by any cause, other than those specifically excluded in the policy.
• Section II-Third Party Liability-covering the legal liability falling on the insured contractor as a result of bodily injury or property damage belonging to a third party.

MACHINERY BREAK DOWN INSURANCE

This is a policy which covers financial loss incurred by the insured due to loss or damage to machinery as a result of sudden accidental electrical and mechanical breakdown.

It reimburses the insured for the cost of repairs or replacement of machinery of like nature.

• Who can take this Insurance:This insurance can be taken by the individual owner of the machine or a person or company having financial interest in the machine.
• What kind of machines can be covered: All types of industrial machinery like compressors, pumps, turbine etc. as also electrical machines like transformer, electrical motor, generator etc. can be covered under this policy.

LOSS OF PROFIT DUE TO MACHINERY BREAK DOWN

This policy offers a solution by covering profit lost due to reduction in turnover arising from interruption of business following machinery break down.

This policy can be taken only in conjunction with machinery breakdown policy

DETERIORATION OF STOCK

The insurance of “deterioration of stock in cold storage” is designed to meet the requirements of those who want to insure against deterioration of goods in cold storage due to a breakdown of refrigerating machinery

This policy can be taken only in conjunction with machinery policy

COMPUTER AND ELECTRONIC EQUIPMENT INSURANCE

The policy covers sudden and unforeseen physical damage including breakdown to the electronic equipment covered under the policy due to any reason not specifically excluded.

What equipment can be covered under this policy: The policy covers the following types of equipments:

• Electronic data processing machine.
• Telecommunication equipment.
• Transmitting and receiving installations(including Radio, TV, Cinema Sound Reproduction and Studio Equipment).
• Electro-Medical Installations.
• Signal and Transmitting units.