Category: ईन्जिनियरिंग बीमा

Contractors’ all risks (CAR) insurance is a non-standard insurance policy that provides coverage for property damage and third-party injury or damage claims, the two primary types of risks on construction projects. Damage to property can include improper construction of structures, the damage that happens during a renovation, and damage to temporary work erected on-site.
Third parties including subcontractors may also become injured while working at the construction site. CAR insurance not only covers those associated risks but also bridges these two types of risks into a common policy designed to cover the gap between exclusions that would otherwise exist if using separate policies.

Electronic Equipment Insurance provides comprehensive cover for unforeseen and sudden physical loss or damage to the electronic equipment and data media. This damage must occur due to a peril that is not specifically excluded under the policy.
An Electronic Equipment Insurance policy provides protection against unforeseen events that cause the breakdown and physical damage of installed electronic equipment in a business.

Erection All Risks (EAR) Insurance Offers Protection To Principal And Contractors And Also To Manufacturers And Suppliers Erecting Machinery And Plant Etc. Against Financial Loss Due To Any Sudden Fortuitous And Unforeseen Causes Resulting In Loss Or Damage To The Property Insured At The Project Site Whilst Being Stored, Erected, Tested And Commissioned
 
Coverage

• Erection All Risks Insurance offers comprehensive coverage for plant and machinery construction risks.
• This policy can be extended to include third party liability related to work conducted on the contract site.

This is a comprehensive insurance policy available to the client against unforeseen and sudden physical damage to plant and machinery or construction equipment by any cause not specifically excluded. This policy shall apply for all insured items whether at work, rest, or being dismantled for cleaning or overhauling. It can be bought only after successful commissioning. This insurance will be offered on current replacement value of plant & machinery or equipment.

This insurance indemnifies losses incurred due to breakdown of or damage to machinery equipment and appliances caused by accidental, mechanical, electrical and operational causes. Boilers can also be insured under Boiler Insurance.