A. Construction All Risks (CAR) – this insures construction projects, civil works such as buildings, roads, bridges. It covers any accident on these projects resulting in loss and damage of work in progress, materials, construction equipment and machinery during the period of construction. This may also cover damage to the materials in site, liability to third parties arising from construction activities.
B. Erection All Risks – this covers protection for electromechanical This also covers material damage, repair or replacement of the items insured in case of physical loss or damage from any cause. Coverage may further be extended to include the following:
C. Electronic Equipment Insurance ( EEI) – it protects electronic data processing equipment including its peripherals, and software from any sudden or unforeseen loss or
D. Machinery Breakdown Insurance (MB) – this indemnifies the assured against breakdown of any machine (industrial/commercial) whilst working at rest or while being dismantled, moved or re-erected for the purpose of cleaning, , repair or installation in another This also covers damages arising from:
B. Erection All Risks – this covers protection for electromechanical This also covers material damage, repair or replacement of the items insured in case of physical loss or damage from any cause. Coverage may further be extended to include the following:
- Removal of debris
- Testing and commissioning for equipment
- Accidental body injury to or illness of the third party
- Accidental loss or damage to property belonging to third parties occurring in the direct connection with the erection, construction or testing of items insured
C. Electronic Equipment Insurance ( EEI) – it protects electronic data processing equipment including its peripherals, and software from any sudden or unforeseen loss or
D. Machinery Breakdown Insurance (MB) – this indemnifies the assured against breakdown of any machine (industrial/commercial) whilst working at rest or while being dismantled, moved or re-erected for the purpose of cleaning, , repair or installation in another This also covers damages arising from:
- Fortuitous working accidents such as vibration, maladjustment, loosening, metal fatigue, excessive speed or lack of lubrication or local overheating
- Careless or incompetent or negligent acts of employees of the insured or any third parties
- Structural defects on materials, design or assembly
- Storm frost or drifting of ice
- Effect of electric current following excessive or insufficient voltage, failure of insulation circuits, open circuits or arcing of the effect of static electricity