Deterioration of Stock

Deterioration of Stock

This type of policy is issued in combination with Machinery Breakdown policy, and covers the deterioration of stock kept in cold storage due to the breakdown of refrigerating machinery.

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Contractor’s All Risk

This insurance policy provides coverage against unforeseen and sudden physical losses or damages to civil contract works, contractors Plant and Machinery, Temporary facility, and principal existing property as well as providing cover to the contractor against possible liabilities towards third parties.

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Erection All Risks

This insurance policy provides coverage against unforeseen and sudden physical losses or damages to electrical or mechanical erection project works, contractors’ plant and machinery, temporary facility as well as principal existing property which includes loss or damages during testing or commissioning. In addition, this insurance policy may also provide cover to the contractor against possible liabilities towards third parties.

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Machinery Breakdown

This type of policy covers sudden and unforeseen physical losses or damages to machinery due to electrical, mechanical or external causes which are not specifically excluded under the policy.

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