Contractors All Risk Insurance (CAR):
Provides coverage for construction projects against physical loss or damage. It includes two sections:
1. Material Damage: Covers loss or damage requiring repair or replacement up to the specified amount.
2. Third-Party Liability: Covers legal liability for property damage or injuries to third parties.
Machinery Breakdown Insurance:
Protects against sudden, unforeseen physical damage or loss to machinery from mechanical or electrical breakdowns. Covers the cost of repairs, including dismantling and reinstallation, freight charges, and customs duties. Compensation is provided for partial loss (repairable damage) and total loss (non-repairable damage).
Erection All Risk Insurance:
Covers erection projects from storage to testing, insuring against a wide range of risks. Provides coverage for material damage and third-party liability, including damage to property and injuries caused during project execution.
Boiler and Pressure Plant Insurance
Covers damage (excluding fire) to boilers and pressure plants, damage to surrounding property, and third-party liability resulting from explosion or collapse during normal operations.
Electronic Equipment Insurance
Covers modern business electronic equipment like computers, servers, audio/video, and security systems against risks such as dust, water damage, short circuits, theft, and natural calamities. It includes coverage for equipment damage, data media loss, and increased costs of working due to equipment damage.
Marine Cargo Insurance
Marine Open Policy:
Provides blanket coverage for goods transported by sea, air, road, or rail. Can be extended to cover additional risks like strikes, riots, and civil commotion (SRCC), war, and terrorism.
Marine Specific Policy:
Offers single-voyage coverage for goods, ceasing upon arrival at the destination.
Marine Hull Policy:
Covers loss or damage to vessels (ships, tankers, fishing boats, etc.) due to risks like fire, explosion, collision, and other perils. Types include policies for ocean-going, coastal, inland vessels, and more.
