This is concerned with erection of electrical plant and machinery equipment and structures involving no or very little civil engineering work. The manufacturer or supplier is solely responsible for the loss or damage while they are installing, testing and commissioning until handing over to the owner. Erection all risks cover provides comprehensive insurance as the machinery is exposed to many perils. It gives adequate protection for all risks involved in the erection of machinery, plant and steel structures of any kind including third party claims in respect of property damage or bodily injury arising out of or in connection to the execution of an erection project. The sum insured (contract price) is the machinery’s new replacement value which includes freight, custom dues, erection and testing costs, etc.

• By accidental collision or overturning subsequent upon mechanical breakdown.

• By fire, external explosion, self ignition, or lightning or break in or theft.

• By malicious acts.

• By accidents caused by or through loading or unloading of vehicles (Goods carrying vehicles) by road, rail, inland waterway lifts or elevators.

The loss therein may be paid in cash, reinstatement, repair the motor vehicle or any part or its accessories or parts thereof. The liability thereof should not exceed the market value of the vehicle or the accessories thereof or the sum insured whichever is lower.

Comprehensive cover under commercial insurance, subject to an agreement, attracts several extensions with no extra premiums on:

• Radio Cassette.

• Windscreen.

In any case, the insurance contain an imposed excess. An excess is the first part of any claim which is borne by the insured. Kenindia Assurance Company Ltd extends cover to include Motor PSV Self Drive, Motor PSV Private Hire and Motor PSV General Cartage Insurance to valued clients.

NOTE: Terms and conditions apply.

The standard machinery breakdown policy covers sudden and unforeseen physical loss or damage to the insured’s machines while at work or at rest or during cleaning, inspection, overhauling or removal to another position in the premises necessitating repair or replacement. The policy covers boilers with auxiliaries, electrical equipment, alternators and generators, mechanical plants including engines, turbines, pumps, lifting equipment including cranes and lifts. The insured reviews regularly the sum insured to represent the new replacement value which includes installation costs and customs dues, freight charges, cost of repair and expenses for employment of a specialist etc.

DAMAGES COVERED

Damages may include:

• Faulty design, material, erection or construction faults at the workshop.

• Short circuit, failure of insulation and other electrical causes.

• Faulty operation, lack of skill, negligence or malicious acts.

• Tearing apart due to centrifugal forces.

• Failure of connected machinery or protective devices.

• Falling impact or collision.

• Obstruction or entry of foreign objects.

The insurance also referred to as Boiler Explosion Insurance covers boiler and pressure vessels explosion or collapse in the course of ordinary working and seeks to indemnify the insured against:

• Damage to the insured’s boiler and or other pressure plant.

• Damage to surrounding property of the insured.

• Legal liability to third parties of the insured on account of bodily injury, fatal and or non fatal to the person.

• Damage to the property of third parties.

All the equipment (computer system and its peripheral as well as auxiliary equipment) are susceptible to damage or breakdown. The insurance herein therefore takes care of loss or damage to such properties.

We have two sections under this policy:

• Material damage: Covers loss or damage to the equipment from accidental causes.

• Consequential Loss: Following claims under material damage, it seeks to cater for increased cost of working e.g. hiring alternative facilities, loss of business e.t.c.

COVER

The policy covers sudden and unforeseen physical loss, damage necessitating repair or replacement. It includes electrical and mechanical damage, impact damage, negligence, theft and burglary, fire and special perils.

The items covered include:

• Electronics Data processing (EDP) Equipment.

• Electronic equipment for medical use.

• Telecommunication and navigational equipment.

• Computer system for production plant & machinery.

• Signal and transmitting units.

• Equipment for research and material testing.

SUM INSURED

The sum insured is the cost of replacement including installation charges, transport charges, custom duties etc.The company indemnifies costs and expenses incurred during the indemnity period to maintain data processing operations to their previous extent.

The insurance is issued against deterioration of goods in cold storage due to breakdown of refrigerating machinery.

METHODS OF PRESERVATION

We have freezing conditions which have a controlled atmosphere ( 22% carbon dioxide, 4% oxygen and 74% nitrogen) and normal atmosphere. The insured’s in this policy could be the owners, users or tenants, meat or fish processing industries, food preservation industries etc. This insurance compliments machinery breakdown insurance and is given on accommodation basis.

COVER

The policy covers:

• Rise or fall in cooling temperatures.

• Unforeseen and sudden escape of refrigerant into the cold storage rooms.

• Under-controlled storage or incorrect composition of atmosphere resulting in any form of material damage to the refrigeration plant indemnifiable under machinery breakdown.

• It may be extended to cover deterioration due to failure of public power supply as long as the position regarding public and backup supplies is found to be satisfactory.

The insurance looks at the actual loss of Gross Profits due to business interruption occasioned by an event covered under machinery breakdown insurance.( Sudden and unforeseen damage including breakdown to plant and machinery.) When a key item of the machinery breaks down, the insured is faced with expensive costs of repairs. The interruption of the business makes the insured incur huge losses. This insurance seeks to make good the loss suffered by the insured.

COVER

The insurance covers:

• Loss of Profits.

• Continuing business expenses (the standing and fixed costs).

• Increased cost of working (i.e. additional expenditure necessarily and reasonably incurred for avoiding reduction in Turnover).

The insurance is issued against deterioration of goods in cold storage due to breakdown of refrigerating machinery.

METHODS OF PRESERVATION

We have freezing conditions which have a controlled atmosphere ( 22% carbon dioxide, 4% oxygen and 74% nitrogen) and normal atmosphere. The insured’s in this policy could be the owners, users or tenants, meat or fish processing industries, food preservation industries etc. This insurance compliments machinery breakdown insurance and is given on accommodation basis.

COVER

The policy covers:

• Rise or fall in cooling temperatures.

• Unforeseen and sudden escape of refrigerant into the cold storage rooms.

• Under-controlled storage or incorrect composition of atmosphere resulting in any form of material damage to the refrigeration plant indemnifiable under machinery breakdown.

It may be extended to cover deterioration due to failure of public power supply as long as the position regarding public and backup supplies is found to be satisfactory.

The insurance looks at the actual loss of Gross Profits due to business interruption occasioned by an event covered under machinery breakdown insurance.( Sudden and unforeseen damage including breakdown to plant and machinery.) When a key item of the machinery breaks down, the insured is faced with expensive costs of repairs. The interruption of the business makes the insured incur huge losses. This insurance seeks to make good the loss suffered by the insured.

COVER

The insurance covers:

Loss of Profits.

•Continuing business expenses (the standing and fixed costs).

•Increased cost of working (i.e. additional expenditure necessarily and reasonably incurred for avoiding reduction in Turnover).