Contractor’s All Risk (CAR) and Erection All Risks are Policies designed to meet the insurance obligations placed upon Contractors under the contract conditions. The Policy covers the works to be executed in accordance with the contract, ...
All plant and machinery whether in use or in the course of manufacture, is susceptible to damage despite the quality or reliability or standards of care and due diligence. With rising costs of materials, labour and freight charges, repairs and replac...
Under the Machinery Breakdown insurance, indemnity is provided in
respect of damaged or destroyed machinery. However, material loss is
not the only loss sustained by the Insured in the event of a loss or
damage to the insured
This policy is specially designed to cover computers and other
electronic equipment and it applies whether the insured items are at
work or at rest or being dismantled for the purpose of cleaning,
overhauling or of being shift...
Bond is a guarantee of performance that normally comes in the form of either:
• Bank guarantee
• Insurance guarantee
The guarantee is given by the Insurer to accept responsibility for the performance of a contractua...