sivig Logo sigma Logo wiener Logo sivig Logo sigma Logo vig Logo sivig Logo sigma Logo vig Logo sivig Logo sigma Logo

Engineering

Home Engineering Insurance Engineering

Engineering

 

Contractors All Risks

The Contractors All Risks Insurance offers comprehensive coverage for all types of civil construction risks. This policy covers physical loss or damage to property, as well as third party liability related to work conducted on the contract site.

 

Insurance object: Physical loss or damage to property and accidental bodily injury or illness to third parties at the construction site.

 

Insurance perils:

The coverage for physical loss or damage to property is on an "All Risks" basis, i.e. the policy insures against damage to property in the course of construction by all sudden, accidental and unforeseen causes other than specified excluded perils and forms of damage. This cover includes works brought on to the site for the purposes of the contract as ëell as temporary works erected or constructed on-site. Additionally, the policy includes coverage for physical loss or damage to construction plant & machinery, equipment and tools used per the insured contract.

This policy also includes third party liability coverage. This insures against accidental bodily injury or illness to third parties as well as accidental loss of, or damage to property belonging to third parties, caused by an accident at the construction site.

 

Insurance validity: Same as contract period. According to the client requirements, the work can be covered with maintenance insurance up to 12 months.

 

Sum insured:

Value of contract;

Value of plant and equipment;

Value of machineries;

According the client’s request.

Tariffs: Highly competitive and variable depending on types of the object which will be constructed/erected, period of construction/erection, risks excluded safety measures.

Competitive; Coverage supported by reliable Reinsurance companies; 

Advantages:

 

Erection All Risk

This policy covers All Risk pertaining to projects of Erection, Testing and Commissioning for all types of civil construction risks. This policy covers physical loss or damage to property, as well as third party liability related to work conducted on the contract site.

Insurance object: Physical loss or damage to property and accidental bodily injury or illness to third parties at the construction site.

Insurance perils:

The coverage for physical loss or damage to property is on an "All Risks" basis, i.e. the policy insures against damage to property in the course of construction by all sudden, accidental and unforeseen causes other than specified excluded perils and forms of damage. This cover includes works brought on to the site for the purposes of the contract as well as temporary works erected or constructed on-site. Additionally, the policy includes coverage for physical loss or damage to construction plant & machinery, equipment and tools used per the insured contract.

This policy also includes third party liability coverage. This insures against accidental bodily injury or illness to third parties as well as accidental loss of, or damage to property belonging to third parties, caused by an accident at the construction site.

Insurance validity: Same as contract period. According to the client requirements, the work can be covered with maintenance insurance up to 12 months.

Sum insured:

Value of contract;

Value of plant and equipment;

Value of machineries;

According the client’s request.

Tariffs: Highly competitive and variable depending on types of the object which will be constructed/erected, period of construction/erection, risks excluded, safety measures.

Competitive; Coverage supported by reliable Reinsurance companies; 

Advantages:

For further details write us at kontact@sivig.al, phone number +355 4 22 58254.

 

This is an insurance against accidents resulting in mechanical breakdown on machinery, mechanical equipment and apparatus.