Introduction
During assembly there are many risks that the installer and the owner run as a result of a sudden and unforeseen incident.
The policy covers
It is a comprehensive insurance program for installers or owners who undertake the assemblies such as Photovoltaic and Wind Farms, Antennas, Individual Machines, Entire Factory Production Lines, Metal Buildings, Generators, Silos, Piping, Air Conditioning Installations, Elevators, etc.
The policy is addressed
To installers or owners undertaking assemblies
Covers
Loss or damage during the assembly of a machine or a metal structure or during the construction of the construction site and during the assembly as a result of a sudden and unforeseeable event that is not excluded and caused on the construction site.
The policy is an All Risk policy.
Additional covers
Optional covers with additional premium
Loss or damage to equipment and facilities
Loss or damage to construction machinery such as cranes and earthmoving machinery
Damage to buildings and their contents owned or controlled by the project owner and located in or adjacent to the construction site
Loss or damage to materials stored off site
Loss or damage in the performance of the contractual obligations of the contractor during the maintenance period
Debris Removal Expenses Loss or damage due to riot or strike
Covering additional costs related to a covered claim requiring overtime, night work, public holiday work
Liability of the Insured (owner, mainly contractor and sub contractors) to third parties
Liability of the Insured for material damage to third party property resulting from vibrations or weakening or shifting of foundations
Clarification
The above information may differ from one Insurance Company to another. Depending on the insurance policy that will be proposed to you, you will get all the relevant information you need, so that you can decide on your own choice. Request our offer today. Based on your own insurance needs and budget, we will choose the right insurance for you.