Energy & Engineering Insurance

Erection All Risks Insurance   
The Company shall indemnify the Insured in respect of the physical loss of or damage to the property insured during the period of insurance within the specified worksite arising from any natural hazard or accident or third party injury and property damage caused by accidents related to the erection other than those specifically excluded.
 
 

 

 
Contractors’ All Risks Insurance  
The Company shall indemnify the Insured in respect of the physical loss of or damage to the property insured during the period of insurance within the specified worksite arising from any natural hazard or accident or third party injury and property damage caused by accidents related to the construction other than those specifically excluded.
 
 

 

 
Oil & Gas Drilling Equipment Form All Risks Insurance  
This Certificate insures against all risks of direct physical loss of or damage to the property insured listed below from any external cause except that as stipulated in the clause of Exclusions:
Oil and gas workover equipment as scheduled in the Declarations, the property of the assured, or for which the assured may be legally liable or has assumed liability under contract, including all portable and auxiliary buildings, tools, machinery, materials, appurtenances, derricks, substructures, chassis and drill pipe constituting a part thereof and such other equipment usual to the drilling, reworking or reconditioning of oil and/or gas wells, except the property as stipulated in the clause of Property Not Insured of this Certificate.
 

 

 

 
Land Oil & Gas Well Drilling Tools Form Risk Insurance  
This policy insures against direct loss or damage to the property listed below by the cause which is stipulated in the clause of Liability of Insurance, except that as stipulated in the clause of Exclusions:
On oil well drilling equipment, workover equipment (including all machinery, tools materials or supplies, appurtenances, derricks, sub-structures and drill pipe, and such other equipment usual to the drilling, reworking or cleaning out of oil or gas wells, except the property as stipulated in the clause of Property Not Insured), the property of the assured, or for which the assured may be legally liable.
 

 

 
Builder’s Risk Insurance  
This policy insures against all risks of direct physical loss of or damage to property insured as defined below, except that as stipulated in the clause of Exclusions:
Property in course of construction, reconstruction or repair whilst at the risk of the assured and whilst at the location of the said construction, reconstruction or repair operations; and
Property of every kind and description (including materials and supplies) owned by the assured and used or to be used in a part of or incidental to the construction; and
Property of others used or to be used in, a part of, or incidental to the construction operations, for which the assured may be responsible or shall, prior to any occurrence for which claim may be made hereunder, have assumed responsibility.
 
 

 

 
Platform Form All Risks Insurance  
This insurance is against all risks of direct physical loss of or damage to platform installation(s) as scheduled which includes the platform(s), catwalks, and landing ramps (but excluding dolphins) and all property as scheduled owned by or in the care, custody or control of the assured located on the said platform installation(s), provided such loss or damage has not resulted from want of due diligence by the assured, the owners or managers of the property insured, or any of them, and except that as stipulated in the clause of Exclusions.
 
 

 

 

 
Pipeline Form All Risks Insurance  
This certificate insures against all risks of direct physical loss or damage from any external cause to the property insured, provided such loss or damage has not resulted from want of due diligence by the assured, the owners or managers of the property insured, or any of them and except that as stipulated in the clause of Exclusions.
 
 

 

 
Loss of Profits Following Machinery Breakdown Insurance  
The Company shall indemnify the Insured during the period of insurance for the amount of loss resulting from loss of gross profit and increase in cost of working caused by interruption or interference covered by a machinery breakdown insurance policy, provided always that payment has been made or liability admitted under the machinery breakdown insurance.
 

 

 

 
Machinery Breakdown Insurance  
The Company shall indemnify the Insured in respect of the physical loss of or damage to the machinery and its associated equipment insured during the period of insurance arising from any sudden and unforeseen accident caused by:
1. faulty design, faults at workshop or in erection, defects in casting and material;
2. faulty operation, lack of skill, bad workmanship, negligence, faults and malicious acts on the part of workers or technicians;
3. tearing apart on account of centrifugal force;
4. overloading, overvoltage, electric line contact, arcing, leakage of electricity, short-circuit, atmospheric, inductive electricity and other electric phenomena;
5. any other events than those enumerated in Exclusions.