S.N | Table Of All Products | |
---|---|---|
1 | Boiler and pressure plant insurance | Electronic Equipment Insurance |
2 | Machinery Breakdown Insurance Policy | Contractors all risks insurance |
3 | Contractors plant and machinery insurance | Erection All Risks Insurance |
4 | Machinery Loss of Profits Insurance | Civil engineering completed risks (CECR) |
5 | Deterioration of Stocks | Erection/Construction All Risk Advance Loss of Profit Insurance |
6 | Machinery Loss of Profits Insurance |
S.N | The policy covers the following: | The policy doesn’t cover the following: | Additional Premium cover: |
---|---|---|---|
1 | The damage to the boilers and pressure vessels other than fire | Fire, smoke, soot, aggressive substance lightning, theft, collapse of building, subsidence, landslide, rockslide, water | Express freight |
2 | The damage to surrounding property, up to fixed limits, arising due to the explosion and collapse of the pressure plant during normal working | Accident loss damage and/or/liability resulting from overload experiments or tests requiring the impositions of abnormal conditions | Air freight |
3 | Liability of the Insured at law on account of: | Loos or damage for which the manufactures or supplier repairer of the property is responsible either by law or under contracts | Owners surrounding property |
4 | Any injury or death of a person other than the person under the contract of service | Political risks | Third party liability |
5 | Damage to the property which is not covered under the policy, only in case of explosion or collapse during ordinary working | Nuclear reaction, nuclear radiation or radioactive contamination | Additional custom duty |
6 | Willful act or willful negligence | ||
7 | Wear and tear | ||
8 | Inherent defects | ||
9 | Lack of maintenance | ||
10 | Consequential loss | ||
P.S: several extension to the policy and other benefits can be added as per the requirement. Policy can be customized, please discuss your requirements. |
S.N | Extensions to the policy | Exclusions to the policy |
---|---|---|
1 | Goods transported in bulk by truck, train, ship or aircraft | Loss or damage caused due to electrical or mechanical breakdown/failure |
2 | Airfreight | loss of or damage caused due to replaceable parts such as bits drills, knives or other cutting edges, saw blades, dies, mouldsetc. |
3 | Owner’s surrounding property | Sudden loss or damage due to explosion of any boiler or pressure vessel. This can subject to internal steam or fluid pressure or of any internal combustion engine |
4 | Clearance and removal of debris | Sudden loss or damage to plant and machinery due to war and nuclear perils |
5 | Additional customs duty | sSudden loss or damage to plant and machinery due to willful act/negligence of the insured |
6 | Escalation | Loss or damage due to contractual liability, manufacture guarantee |
7 | Third party liability | Electrical or mechanical breakdown are not covered |
8 | Act of terrorism | Pre-existing defects do not get covered |
9 | Earthquake | lack of oil or coolant/defective lubrication |
10 | Any kind of damage for which the manufacturer or supplier is responsible | |
11 | Any consequential loss | |
12 | Loss or damage to vehicles which are used for general road use until working on the specified construction. |
S.N | This policy is suitable for following equipment | The Exclusions to the policy are |
---|---|---|
1 | Computer and allied peripherals. The term equipment also includes the entire computer system consisting of CPU, keyboards, monitors, printers, stabilizers UPS, etc. | War or War-like operations |
2 | Auxillary equipment like UPS, Voltage stabilizer, etc. | Nuclear Reaction, or radioactive contamination |
3 | Medical, biomedical, equipment e.g., cath lab, x-ray machine, ultrasound machines, MRI, CAT scan machines | Wilful act or negligence of the Insured or his representative. |
4 | Audio/visual equipment | Discontinuance of work, whether complete or partial |
5 | Electronic control panels | Derangement/disorder of the Insured property which is not accompanied by damage otherwise covered by this policy |
6 | Telecommunication and navigational equipment | Loss or any damage due to pressure wave caused by aircraft and aerial devices |
7 | Electronic equipment for research and material testing | |
8 | The value of software will also be covered in this policy | |
9 | It also includes moveable and portable electronic equipment |
S.N | Add-ons for the Erection All Risk Insurance are the following | The policy doesn’t cover |
---|---|---|
1 | Cross liability | Any loss or damage due to faulty design, defective material of casting and bad workmanship |
2 | Third-party liability | Manufacturing defects |
3 | Cost of removal of debris | Loss of damage due to willful act or willful negligence |
4 | Express freight, overtime charges | Consequential loss |
5 | Airfreight | Loss of damage due to the ward or warlike operations |
6 | Additional customs duty | Any loss or damage due to sudden nuclear reaction or radioactive contamination |
7 | Earthquake/terrorism | Losses due to normal wear and tear, gradual deterioration |
8 | Escalation | Cessation of work |
9 | Owner’s surrounding property | Inventory losses |
10 | Storage risk at fabricator’s premises | |
11 | Maintenance cover | |
several other new extension to the policy and other benefits can be added as per the requirement. Policy can be customized, please discuss your requirements. | Please contact as Risk Birbal can be your guide and help. |