Contractors Plant & Machinery
Scope of Cover
This offers a comprehensive cover as given below:
- Fire, lightning, external explosion, earthquake, flood, inundation, subsidence, landslide and rockslide.
- Storm, tempest, hurricane, typhoon and tornado.
- Burglary, theft, riot and strike and malicious damage.
- Accidental damage while at work due to faulty man – handling, dropping or falling, collapse, collision and impact.
Optional Extensions
- Owner’s surrounding policy
- Clearance and removal of debris
- Additional custom duty
- Express freight
- Airfreight
- Dismantling and shifting to a new location
- Escalation “Earthquake”
Exclusions
- Vehicles without identification number/individual sum insured
- Transit risks from site to site
- Machinery breakdown risks, abandonment
- Freezing of coolant or other fluids, defective lubrication, replaceable parts
- Explosion due to steam pressure in I.C engine
- Vehicles plying on public roads and liability arising there of
- Hull and machinery of water borne vessels/crafts and pay loaders on barges
- Total and partial immersion in tidal waters, Wear and tear, rusting, testing for other purpose
- War and nuclear perils
- Pre-existing defects at inception
- Wilful act/negligence of insured, consequential loss/liability, inventory loss
- Cost of preparing drawings/patterns/core boxes
- Cost of alteration, improvement, overhauls, modifications, additions, material changes
- Breakage/abrasion of wire or stands of rope/slings of a crane.
Electronic Equipment
Cover – This is a comprehensive policy to cover electronic equipments such as computers, UPS, Audio video equipment, printer, faxes, other electronic/microprocessor equipment used in the factory/office and covers the damage caused by accidental Fire and allied perils together with the loss by burglary excluding losses arising out of wear and tear.
Customers
All offices / organizations / hotels / hospitals- any organization using computers and electronic equipments.