1) Contractor’s All Risk (CAR)
2) Erection All Risk (EAR)
3) Computer All Risk (COAR)
4) Machinery Breakdown Insurance (MBI)
5) Electronic Equipment Insurance (EEI)

Who can be Insured?

1) Principal
2) Contractors
3) Subcontractors

I. CONTRACTOR’S ALL RISKS (CAR)
CAR covers all type of civil engineering and construction works.

Types of Work Covered

All types of works may be insured, whether it is civil engineering or normal construction.

1) Dwellings, houses, bungalows, office/commercial buildings;
2) Factories, warehouses, silos’
3) Civil engineering works like roads, bridges, skyways, viaducts, tunnels, railways, dams, irrigation systems, etc.

The erection of machines and metallic structures may be included in CAR policies, i.e., power plants, factories, steel bridges and other similar risk.

II. ERECTION ALL RISK (EAR)
The Erection All Risk insurance covers all sorts of erection, be it for complete plants or for individual machines.

EAR insurance is not limited to machines; steel construction may be included. Since civil engineering work can be included, the total construction is rather complete.

Furthermore, EAR insurance can also cover construction of prefabricated elements, excluding building. It is also important to note that EAR insurance is not for the purpose of relieving the contractor of his commercial risks. Therefore, the coverage must be limited to purely technical aspect. In other words, financial losses, e.g. penalties, delay, capacity, etc., are totally excluded.

III. COMPUTER ALL RISKS INSURANCE (COAR)

Coverage

1) All Risks on Material Damage to Computer Equipments
2) Extra Cost Insurance in case of Damage
3) Data Media Cover

Valuation

The Computer including component parts may be valued for insurance purposes by either of the two types of valuation:

1) Actual Cash Value - Actual value less depreciation
2) Replacement Cost - Actual retail costs of the property at the time
of loss or damage.

IV. MACHINERY BREAKDOWN INSURANCE (MBI)

The machinery breakdown is a type of Accident Insurance for machines and mechanical installations. It covers all types of stationary and mobile machinery as well as apparatus used in the industry from the smallest electric motor up to the steam turbo alternators used in the modern electric power plants, whether normal, working or not.

Machinery Breakdown Insurance covers only sudden and unforeseen loss or damage excluding normal wear and tear.

V. ELECTRONIC EQUIPMENT INSURANCE (EEI)

Unforeseen and sudden physical loss or damage to the insured equipment from any cause, other than those specifically excluded, in a manner necessitating repair or replacement.