Engineering Insurances

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Engineering Insurances

Construction All Risk Insurance:

Construction all risk insurance starts from the pre-storage phase of the construction. It covers the losses and damages that may occur as a result of sudden and unexpected risks that the contractor may face in the period until the acceptance of the committed works.

In addition to this guarantee, it is possible to list the risks that can be included in the guarantee by taking an additional premium, as third party liability, debris removal, overtime and serial vehicles, strikes, lockouts, turmoil, public movements, terrorism, maintenance cycle guarantees.

The duration of the guarantees given with this insurance is limited to the duration of the project and ends with the completion and delivery of the project.

The amount that is guaranteed, that is, the insurance cost, is the final value or project cost that the construction-assembly project will reach.

Installation All Risk Insurance:

Installation all risk insurance starts from the pre-storage phase of the assembly. It covers the losses and damages that may occur as a result of sudden and unexpected risks that the contractor may face in the period until the acceptance of the committed works.

In addition to this coverage, it is possible to list the risks that can be included in the scope by taking an additional premium, as assembly equipment, machinery and construction site facilities, third party liability, debris removal, overtime and serial vehicles strike, lockout, turmoil, public movements, terrorist experience period (over 4 weeks).

The duration of the guarantees given with this insurance is limited to the duration of the project and ends with the completion and delivery of the project.

The amount that is guaranteed, that is, the insurance cost, is the final value or project cost that the construction-assembly project will reach.

Machine Breakdown Insurance:

This insurance covers the repair and replacement costs required for the removal of any sudden and unexpected damage that may occur during the cleaning, relocation of the machines while they are operating or in the same workplace.

By taking an additional premium, it is possible to list the risks that can be included in this coverage as physical explosion, basic and rules, overtime and serial vehicles, strikes, lockouts, turmoil, public movements, terrorism (fire and natural disasters are not included in the main coverage).

Given insurance protection, the coverage period is usually 12 months.

The price given as a guarantee is the new purchase price of the Machinery-Devices.

Electronic Device Insurance:

Electronic device insurance covers the repair and replacement costs of electronic devices while they are working or in the same workplace, for the removal of any sudden and unexpected damage that may occur during cleaning or relocation.

It is possible to expand the risks covered by electronic device insurance by taking additional premiums. In this sense, it is possible to add coverages such as physical explosion, bases and rules, overtime and serial vehicles, strikes, lockouts, turmoil, popular movements, terrorism to the policy.

Coverage with this insurance is usually limited to 12 months.

Insurance cost is the new purchase price of electronic devices.

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