ENGINEERING CLASS OF BUSINESS
Contractors’ All Risks (CAR) Insurance
This provides cover for all risks associated with your project except those specifically excluded
in the policy. This may be concluded by the principal or by the contractors engaged in a project
including all contractors.
Contractors’ Plant and Machinery (CPM) Insurance
It covers losses or damages to plant and machinery occurring at work, at rest or during
The fire policy can be extended to cover special perils like earthquake, storm, flood, impact, overflowing of water tanks, etc.
Civil Engineering Completed Risks (CECR) Insurance
This policy is designed to provide comprehensive cover for civil engineering structures after
Erection All Risks (EAR) Insurance
This is also a special policy that covers loss or damage. It is ideally suited for all business establishments that have plate glass installed in their business premises such as showrooms, shopping complexes, restaurants, hotels, theaters, stadiums, etc. This policy can also be taken as an add-on to household insurance where such installations exist
.This branch of Engineering insurance offers prehensive and adequate protection against all the risks involved in the erection of machinery, plant and steel structures of any kind, as well as third-party claims in respect of property damage or bodily injury arising in connection with the execution of an erection project.
EAR insurance provides a very wide cover. Almost any sudden and unforeseen loss or damage occurring to the property insured on the erection site during the period of insurance will be indemnified
Principal’s Advance Loss of Profits (ALOP) Insurance
Principal’s Advance Loss of Profits insurance also known as Advance Loss of Profits (ALOP) insurance indemnifies the actual loss of gross profit sustained as a result of delayedcommencement of business operation caused by an accident covered under the Contractor’s All Risks or the Erection All Risks policies.
work at rest or during maintenance operations.
Machinery Loss of Profits (MLOP) Insurance
The Activa Householders provides cover for household goods and personal effects against fire and allied perils and theft through forcible entry or exit.
Houseowners’ policy provides cover for your building [s], fixtures and fittings against fire and allied perils and damage to the building as a result of attempted burglary through forcible entry or exit.
MLOP insurance compensates for:
- Continuing business expenses (standing charges) including the salaries and wages paid
- to employees
- Net profit
- Increase in cost of working, ie the additional expenditure necessarily and reasonably incurred for avoiding or diminishing a reduction in turnover.
Deterioration of Stock (DOS) Insurance
Electronic Equipment (EE) Insurance
This policy provides cover against loss or damage caused by an insured peril while the goods or part thereof are being loaded upon, carried by or unloaded from any insured vehicle anywhere within the specified geographical area.
This provides insurance cover for all electrical and electronic systems such as:
- Electronic Data Processing (EDP) equipment
- Electrical equipment for medical use
- Communication facilities
Lighting and navigation facilities
- Equipment for research and material testing
Increased cost of working following a breakdown
ELECTRONIC EQUIPMENT INSURANCE POLICY
This policy provides owners and or financers with cover against unforeseen and sudden physical loss or damage from fire and allied perils, breakdown, short circuiting etc to equipment such as Computers, Medical, Bio-Medical, Micro Processors, Audio-visual equipment’s etc.
We provide cover for Comprehensive, Third Party Fire & Theft as well as Third Party only for all types of vehicles.These are well underwritten policies which provide you with maximum own damage as well as liability cover.
LIFE & MEDICAL INSURANCE
Life assurance policies are the various policies of insurance that may be used for the purpose of
life protection, investment or a combination of both and in respect of which the subject matter
of the contract relates to human duration of life.
This is a Comprehensive policy that covers accidental damage, fire and burglary to the insured Items. Losses from every risk is covered except those specifically excluded.