Energy. Engineering. Financial Institution. Liability. Marine. Property & Miscellaneous. Medical Malpractice. Aviation. Special Risk. Motor Insurance.

Engineering

Contractors’ All Risk / Erection All Risk

Comprehensive risk management for your builds.

What is Contractor’s All Risks / Erection All Risks?

Benefits at a glance.

These 2 policies are designed to meet the insurance obligation placed upon Contractors under the contract conditions.

Contractors’ All Risks
Covers buildings and civil engineering work under construction.
Erection All Risks
Covers plants, machinery, equipment, and steel structures such as bridges in the course of erection.

Key Coverage

Material damage
Covers against sudden and unforeseen physical loss or damage to contract or erection works/property/items.  

Third-party liability
Covers third party liability for which we shall become legally liable to pay as damages consequent upon:

Accidental bodily injury or illness of a third party,
Accidental loss or damage to property belonging to a third party.

Occurring in direct connection with the works and happening at or in the immediate vicinity of the site.

The indemnity is also provided for legal costs and expenses provided the liability is within the limit of the liability insured.

Please refer to the policy contract for the full details of benefits, terms and exclusions that are applicable. The information provided here is a brief summary for quick and easy reference. The exact terms and conditions that apply are stated in the policy contract.

Electronic Equipment

Safeguard your computers and electronic equipment.

What is Electronic Equipment Insurance?

It is a policy that provides coverage for your computers and other electronic equipment, whether the items are at work or at rest or being dismantled for the purpose of cleaning, overhauling or being shifted within the premises. Insurance coverage can also be extended to cover external data media and increase cost of working.

What is Electronic Equipment Insurance?

Benefits at a glance.

Varied options for your needs

This “accident” insurance policy covers losses to items that are due to sudden and unforeseen causes.

The policy comprises as follows:

Section 1: Material damage
Section 2: External data media (Optional)
Section 3: Increased cost of working (Optional)

Key Coverage

Damage-related benefits

Material damage
Covers all hardware installation, including peripheral equipment and accessories.
External data media
Covers external data media (inclusive of the information stored) external to the computer system.
Increased cost of working
Provides indemnity for increased cost of working following material loss or damage by indemnifying the cost of hiring replacement equipment.

Please refer to the policy contract for the full details of benefits, terms and exclusions that are applicable. The information provided here is a brief summary for quick and easy reference. The exact terms and conditions that apply are stated in the policy contract.

Machinery Breakdown Insurance

All-round coverage for your plant & machinery.

What is Machinery Breakdown Insurance?

It is a plan that covers your plants, machinery and mechanical equipment whether at work, at rest or during maintenance operations.

Why Machinery Breakdown Insurance?

Benefits at a glance.

Protection for plant & machinery

Covers sudden and unforeseen physical damage to your plant & machinery.

Key Coverage

Damage-related benefits

Covers sudden and unforeseen damages due to:

Faulty material, design, construction and erection.
Vibration, maladjustment or malalignment.
Defective lubrication, loosening of parts, abnormal stress, molecular fatigue, self-heating centrifugal force.
Excessive electrical pressure, due to atmosphere electricity or otherwise.
Short circuits or arcing.
Lack of skill and carelessness in handling the machinery.

Please refer to the policy contract for the full details of benefits, terms and exclusions that are applicable. The information provided here is a brief summary for quick and easy reference. The exact terms and conditions that apply are stated in the policy contract.

Machinery Breakdown Loss of Profit

It is a plan that covers financial loss resulting from machinery breakdown. It is issued concurrently with our Machinery Breakdown Insurance policy.

Key Coverage

Coverage for financial losses

Compensates for:

Loss of gross profit.
Continuing business expenses (standing charges) including the salaries and wages paid to employees.
Increase in cost of working, i.e., the additional expenditure necessarily and reasonably incurred for avoiding or diminishing a reduction in turnover.

Please refer to the policy contract for the full details of benefits, terms and exclusions that are applicable. The information provided here is a brief summary for quick and easy reference. The exact terms and conditions that apply are stated in the policy contract.