Contractors Plant & Machinery
Scope of Cover
This insurance is an All Risks policy covering sudden and unforeseen physical damage to machinery by any cause or peril not specifically excluded under the policy.
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.