The Insurance Policies, which you may find useful to meet your various insurance are as under. Alternatively you may also send us scanned copy of your workorder to allow us suggest you best possible cover that meet requirements of your Principals by e-mail.
- Contractor's All Risk Insurance:
The policy is suitable for Civil Engineering Projects of any type e.g. Residential and commercial buildings, Office buildings, Schools, Universities, Hotels, Motels, Restaurants, Hospitals, Airport buildings, Theaters, Auditorium, Cinema Halls, Roads, Road bridges, railway bridges, flyovers on land etc. To know more about above policy kindly Click Here
2. Storage /Marine Cum Erection Insurance:
This policy provides comprehensive insurance protection for Engineering Projects of any kind like Power Plants, Textile Mills, Engineeing Workshops etc. With option to add marine insurance also, you get a wider Insurance Coverage for your risk exposures. To know more about the above policy, kindly Click Here
3. Advance Loss of Profit Insurance:
The policy pays for the actual loss of gross profit incurred during the period of delay, commencing from the scheduled date of commencement of commercial operation upto the actual date of commencement of commercial operation subject to a time excess and indemnity period selected. The delay, however should have occurred due to a claim payable under marine -cum- erection policy, storage-cum -erection policy or contractor's all risk policy. However, this policy covers interests of Priciple only.
The Advance Loss of Profit is designed to cover:
a) Loss of Gross Profit = Net Profit+Standing Charges, OR
b) Loss of Gross Earnings = Turnover-Specified Working Expenses, OR
c) Fixed Operation & Management Costs: 1. Debt Service Charges, 2. Increased Cost of Working, and 3. Special Expenses e.g. penalties
To know more about above policy kindly send us an email at anand.shrivastava@newindia.co.in
4. Contractor's Plant and Machinery Insurance:
This Policy provides effective insurance protection for machines like Compressor, Air tools, Concrete pumping plant, Hauling equipment (dumpers, dump cars, dump trucks), Bulldozers, Cranes, Road rollers etc. To know more about this policy kindly Click Here.
5. Workmen Compensation Policy:
This policy covers liability of an employer for employment injury (including death) of any of his employees who is a ‘workman’ as defined under Workmen Compensation Act.
We will be delighted to assist you in selecting Insurance Policies and in deciding about Level of Indemnities for your requirements with the right add-on covers to protect your business interests.
Contact us at an early date.
-Techno-Marketing Deptt.
NIA BPL RO
