Erection All Risk

This is the Insurance cover provided for the construction/erection of machinery, plant & steel structures involving very little civil engineering works.
There is a seeming similarity between the Contractors All Risk (CAR) and the Erection All Risk (EAR) but it is worthy of note that they are not similar.
While the CAR provides cover for civil works and mostly buildings needed to house or support the expensive machinery & equipment,the EAR covers the erection.

Plants All Risks

Plant All Risk (PAR) Insurance covers the plant and machinery which a contractor needs to facilitate execution of a Contactors All Risk or an Erection All Risk project.
In most cases, these plants work under extreme environmental conditions of e.g. dust, hard terrain, slippery or wet conditions etc.and are therefore exposed to severe wear and tear as well as highly hazardous working conditions

Machinery Breakdown

This policy is designed to cover any damage to a plant or equipment while working or at rest, or while being dismantled for the purpose of cleaning, repairing or overhauling. In the same vein, boiler and pressure vessels can be covered under a separate but similar policy. To enable us quote for this risk, we require the following information:
• Make & Type of Equipment
• Year of Manufacture

Electronic Equipment Policy

This policy is designed to cover any loss or damage that could result while any computer and or equipment insured is working or at rest.

The cover under this policy also extends to include loss or damage to external data media such as diskettes and tapes containing processed information while such are kept within the premises.

Any increase in cost of working as a result of damage to the main computer equipment is also covered and compensation is provided for alternative means of carrying on operation.

With payment of an additional premium, this policy can be extended to cover the risk of theft.

Contractors All Risks Policy

This is one of the main forms of construction insurance that has been developed to meet the changing needs of the construction industry.When new buildings or civil engineering projects such as roads or bridges are being constructed, a great deal of money is invested before the work is finished.

The essence of the cover is to bridge the gap when the building or bridge sustains severe damage and to prevent such loss or damage from prolonging the construction time schedule thereby delaying the eventual completion d