config

ENGINEERING

1-Machinery Breakdown Insurance

Machinery and Equipment used in various industrial operations are exposed to unforeseen or sudden mechanical or electrical damage.

Machinery Breakdown Policy covers machinery, plant and equipment in process industries, factories, engineering work-shops etc, against loss or damage due to electrical or mechanical breakdown, such as defects in casting and material, faulty design, bad workmanship, physical explosion, tearing apart on account of centrifugal force, short circuit, vibration, mal-adjustment, misalignment etc, except those specifically excluded under the policy terms.

The sum insured for this insurance should be the replacement cost, including freight, duty, cost of erection and other dues. If the sum insured is found to be inadequate, our policy will pay in such proportion as the sum actually insured bears to the sum that should have been insured at the outset.

The Premium rate is influenced by factors such as values, type, make, model and age, nature and type of industry where the equipment is being used, experience of the industry, loss history.

2-Erection All Risks Insurance

Erection All Risks Insurance [EAR] protects the interests of principals and contractors involved in erection of Plants, Machinery, Heavy Equipments etc, against their exposure to loss, damage or liability by various external and internal causes during the course of erection.

Cover:

Section-1

Physical Loss or Damage: This Section provides coverage for losses and / or damages to materials and erection works owned by principals and contractors / subcontractors against;

  • Accidental damage during construction.
  • Fire, lightning.
  • Water damage, flood, storm and tempest.
  • Collapse, collision, impact, burglary, theft and malicious damage, aircraft.
  • Breakdown or explosion to any part of the contract.
  • Consequent damages due to defects in material casting, workmanship & design.
  • Riot, strike, subsidence, landslide, cyclone, hurricane, earthquake, and volcanic eruptions.

Section- 2

Third Party Legal Liability: This section provides indemnity to the third party due to the Legal liability of the insured       (subject to the limits under the policy) resulting from negligence of the insured or his employees causing;

  • Accidental bodily injury &/or death to third parties (Not members of the insured’s family or their employees)
  • Accidental damage to property (excluding property belonging to or in the custody or under the control of the Insured, his family members or his employees), and
  • Legal expenses for defending any proceedings with Insurer’s consent.

Maintenance Period Risks: After the Erection works, including testing and commissioning, covered under the EAR policy has been completed, maintenance period cover comes to effect. During this period the cover is against any loss &/or damage that occurs in the course of the compliance with the maintenance obligation under the contract.

The premium is calculated on the total erection value of the contract and is based on factors such as duration of contract, nature, location of project site, period of erection, experience of the erectors etc.

3-Contractors’ All Risks Insurance

Contractors’ All Risks Insurance [CAR] protects the interests of contractors involved in civil, mechanical or electrical contracts like construction of buildings, bridges, dams, towers etc, against their exposure to loss, damage or liability by a variety of external and internal causes during the course of construction.

Section 1:

Physical Loss or Damage: This section provides coverage for losses on materials and contract works from a variety of risks such as;

  • Accidental damage during construction
  • Fire, lightning
  • Water damage, flood, storm and tempest
  • Collapse, collision, impact, burglary, theft and malicious damage, aircraft
  • Breakdown or explosion to any part of the contract e.g. Lifts in buildings etc.
  • Consequent damages due to defects in material casting, workmanship and design
  • Riot, strike, subsidence, landslide, cyclone, hurricane, earthquake, volcanic eruptions.

Section 2:

Third Party Legal Liability: This section provides indemnity to third party due to the Legal liability of the insured resulting from negligence of the insured up to an agreed limit(s) for;

  • Accidental bodily injury &/or death to third parties
  • Accidental damage to property (excluding property belonging to or in the custody or under the control of the insured, and legal expenses for defending any proceedings with company’s consent.

Maintenance Cover: Maintenance Period Cover protects the insured against any loss &/or damage that occurs in the course of the compliance with the maintenance obligation under the contract, subject to the cause of such loss or damage having originated during the period of insurance.

The premium is calculated on the basis of contract value, period of contract, value of Construction Plant & Machinery, nature and type of project, previous loss history of the contractor and the experience of the contractors in similar type of projects.

4-Contractor Plant & Machinery

Various types of construction plants, machinery and equipments are used in the construction or erection on projects site. These plants, equipments and machinery are exposed to a number of risks in addition to the exposure to natural calamities.

The CPM Policy covers Contractor’s Plants, Machinery and Equipments against any unforeseen or sudden physical loss or damage from any cause, including electrical or mechanical breakdown, but, except those specifically excluded under the terms of the policy. The indemnity under the policy is for replacement or repair.

Premiums are calculated based on the factors like replacement value of plants and machinery, make, model and type of machinery, age and working conditions, maintenance history, previous claims history and contractor’s experience etc.

5- Electronic Equipment Insurance

Electronic equipment used in various industrial operations and offices are exposed to risks of unforeseen or sudden causes resulting in loss or damage.

This policy covers electronic equipment against any unforeseen or sudden physical loss or damage, except those specifically excluded under policy terms.

The policy covers the insured items at work or at home, or being dismantled for the purpose of cleaning, overhauling or being shifted within the premises, or in the course of the aforesaid operations, or during subsequent erection after commissioning.

The sum insured should be the replacement cost including freight, duty, cost of erection and other dues. If the sum insured is found to be inadequate, our policy will pay in such proportion as the sum actually insured bears to the sum that should have been insured at the outset.

Premium calculations are based on factors such as values, type, make, model and age, nature and type of industry where the equipment is being used, experience of the industry, loss history.

New item
Branch Network
In addition to our Head Office in at the heart of Khartoum, we have an extensive network of branches to serve your insurance needs conveniently located throughout the Khartoum State. Our well-trained, highly qualified and friendly customer service teams are on hand to help answer any inquiries that you may have.
New item
Medical Network
Our extensive network of quality medical providers offers you with over 2,000 medical providers, including pharmacies, hospitals, clinics and dentists, across the country. This is to assure you with optimum medical cover with the flexibility to fit your needs.
New item
Auto Repair Network
Our comprehensive vehicle repair network ensures that all vehicles are inspected and repaired by a team of expert mechanics. So you can be reassured that their vehicle will be repaired in a location that is convenient to them.
New item
The United Insurance Tower is the First Partnership Investment Between Shareholders & Policyholders.
New item
Download & View the Takaful Summit 2016 Program
  • AMIPHARMA.png
  • GOLDENARROW.png
  • logo.gif
  • SAVOLA2.png