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For Corporates > Engineering |
Contractors All Risks |
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Whether yours is a multi-billion rupee construction project, or a small commercial building construction or even a dwelling house construction, Janashakthi can provide you financial protection with a comprehensive cover on all types of civil construction risks. Our policy safeguards the interests of the Principal and/or Contractor for physical loss or damage to property as well as legal liabilities arising from claims by third parties. |
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This protection plan is on all risks basis, other than for specified exclusions mentioned. It covers all accidental damage to property, plant and machinery, temporary erections on site, and all types of works related to the contract during construction period. |
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The third party cover will provide protection against legal liability for death or bodily injury to third parties and damage to third party property caused by your project. It also covers legal expenses that may be incurred by the insured in this respect.
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| Erection All Risks |
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Janashakthi provides an extensive and comprehensive cover for all risks related to installing any kind of Plant & Machinery. |
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This protection plan is on all risks basis other than specified exclusions as mentioned. It covers damage to plant and machinery, temporary erections on site and all types of works related to installation and erection work during the project period. |
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The third party cover will provide protection against legal liabilities for bodily injury or illness to third parties and damage to third party properties caused by your project. It also covers legal expenses that may be incurred by the insured in this respect.
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| Boiler And Pressure Plant Insurance |
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If your Plant & Machinery includes a Boiler or a pressure vessel, a separate cover for damages arising out of explosions and collapsing of boiler or pressure vessels will protect you from losses arising from the cost of repairs to the said machinery, as well as damage to property belonging to third parties or death or bodily injury to third parties.
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| Machinery Breakdown |
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This policy compensates you for breakdown of your machinery due to a sudden unforeseen damage whilst in operation.
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| Plant All Risk |
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This policy provides a comprehensive cover for physical loss or damage to plant & equipment on an "all risks" basis except for specified excluded perils.
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| Electronic Equipment Insurance |
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This policy provides cover virtually against "all risks" to compensate you for accidental damage to electronically controlled industrial equipment including Computers, Telephone Exchanges, Photocopiers and Fax Machines.
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| Consequential Loss Of Profits |
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Whilst your Engineering policies compensate you in the event of loss of or damage to physical assets and third parties, we can also arrange a Consequential Loss policy in the form of an Advanced Loss of Profits Plan, providing financial backing to the Principal/owner against any consequent financial loss that may arise as a result of delayed commissioning of a project or stoppage of work due to any of the causes mentioned above. It can be customised to ensure that the policy holder is able recover his anticipated profits as well as pay standing charges arising from an accident at the site. There are consequential loss policies to cover boilers and machinery breakdown also.
If you need to meet one of our Professional Advisors to tailor make any of our engineering covers according to the distinct requirements of your organisation please click here to Contact Us. |
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