Contractors All-Risk Insurance
The Contractors’ All-Risks (CAR) policy is specially designed to cover for loss or damage to predominantly civil engineering construction projects ranging from small villas to construction of bridges and high rise towers.
This policy enables the contractor or employer to comply with the insurance requirements of the contract.
Erection All-Risk Insurance
The Erection “All-Risks” policy is specially designed to cover loss or damage to projects that involve erection/installation of plant, machinery and equipment ranging from erection of a single machine to a large power plant.
This is an "All-Risk" policy covering various activities of erection/installation, testing and commissioning of plant and equipment (except specific exclusions as mentioned in the policy).
It protects a contractor or employer against physical loss or damage to the contract works, construction plant and equipment or machinery. It also includes cover for damage to property of third parties and bodily damage to third parties.
Electronic Equipment Insurance
This is a specially designed policy, which covers accidental loss or damage to electronic equipment such as the following:
• Electronic data processing machine
• Telecommunication equipment
• Transmitting and receiving installations (including radio, TV, cinema sound reproduction and studio equipment)
• Material testing and research equipment
• Electro-medical installations
• Signal and transmitting units
Machinery Breakdown Insurance
Machinery insurance is important for anyone operating technical plant or machinery, whether they are large industrial enterprises or small firms. Unexpected damage to machinery and equipment can pose a threat to a company’s very existence.
Machinery Insurance covers diverse spectrum of machines and equipment in commercial and production facilities, such as power generating units (boilers, turbines, generators, gas turbines, etc.), power distribution plant (transformers, high- and low-voltage switchgear, etc.) production machinery, plant and equipment (electric motors, compressors, pumps, gear boxes vessels, reactors, etc.).
Contractor's Plant & Machinery Insurance
Contractor's Plant & Machinery insurance covers unforeseen and sudden physical loss or damage to equipment owned/hired/ leased. This policy will cover those machineries and or equipment against all risks except mechanical and electrical derangement whilst at work or at rest, in transit and during maintenance.