This policy covers for material damage and liability during construction and maintenance period for your project, such as building and for any civil engineering works.
What risks are covered?
This policy provides cover for Material Damage and Liability during erection and maintenance period for your project works comprising mainly of assembly of prefabricated elements or machines manufactured off-site.
This policy covers plants, machinery, mechanical equipment – whilst at work, at rest or during maintenance.
Machinery Insurance is important for everyone who operates machinery, not only for large industrial enterprises using large units or fully automated plants but also for medium-sized and small enterprises where a machinery failure may have serious financial and economic consequences.
The primary intention of the product is to protect you against the financial risks of unforeseen and sudden damage to your machine.
Losses can arise from the following:
This policy covers for contractor’s plant and machinery on the construction site, which renders its service only when moving and under a control of an operator. This includes:
Covers unforeseen and sudden accidental physical loss or damage from any cause (other than those specifically excluded) to construction plant and machinery whether the insured items are at work or at rest, or being dismantled for the purpose of cleaning or overhauling, or in the course of the aforesaid operations themselves, or in the course of subsequent re-erection, but in any case only after successful commissioning.
This policy is designed to cover various types of boilers and pressure plants against the risk of any loss and/or damage due to explosion or collapse.
The policy covers boiler and other pressure plants against the following contingencies:
This is a policy which covers losses due to sudden and unforeseen causes to electronic equipment. This includes the following:
Mechanical and electrical breakdown of equipment caused by:
This comprises of mechanical and electrical breakdowns.
Items affected in the course of being dismantled for cleaning
This includes overhauling or shifting within the premises, in the course of operations or during subsequent re-erection.
Note: Coverage can be extended to external data media e.g. tapes and disks
Copyright - Al Madina Insurance Company SAOG, All rights reserved - 2024 Disclaimer & Privacy