provides accident insurance for boilers and pressure vessel that are normally used in steam power stations and factories such as paper mills, textile mills, plywood plant and sugar mills. It covers the risk of explosion and collapse due to over-pressure and failure of safety valves, defective material, faulty workmanship and weakness in design. It also provides third party liability for damage to property or injuries to any persons.
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You should call your agent, broker or our CB claim service as soon as possible.
In order to protect your right to make a claim under your policy, you should notify us about all events. If the loss amount is subsequently found to be below the deductible, you may withdraw the claim.
Completed claim form, Police/Authority report, Photo of damaged property, Report from the repairer on the cause of property damaged, Invoice of repair, bill for medical expense, post-mortem certificate, purchase/Sale invoice, Stock record and other documents required by company.
This policy specifically designed for those who are involved in civil construction business. Some of these includes, contractors, sub-contractors or firms commissioned to carry out work, owner or purchaser, and companies financing the project. If you are a contractor or a principal developer and starting a new project, construction all risk insurance is a must to cover various kinds of risks which can happen during the construction.
It is depending on the actual project of construction.
Yes. Our claims teams or representatives will help you assess the repairs required and the reasonableness of the repair estimates.
The Company may cancel the Policy by giving thirty (30) days’ notice to the Insured’s last known address or electronic message means without return any premium.