Engineering Insurance

Provide insurance against losses during construction activities, both the construction / civil engineering works and installation of machinery, Industrial Machinery and Electronic Equipment Installation.

Object Coverage:

* All development activities, both the construction / civil engineering work and installation of machinery.

* Industrial machinery.

* Installation of Electronic Equipment.

Type of Insurance:

1. Construction Insurance (Construction All Risks)

2. Insurance Machinery Installation (Erection All Risks)

3. Insurance for Industrial Machinery (Machinery Breakdown)

4. Electronic Equipment Insurance (Electronic Equipment Insurance).

1. Construction Insurance (Construction All Risk)

Object Coverage:

Insurance Coverage Object Construction (Construction All Risk) include among others:

All construction activities for various purposes, such as:

* Office, Shop, Factory, Road, Dam and Irrigation

* Sea Port and Airport

Insured:

What can be insured are all stakeholders in the implementation of development, among others: The owner of the project, Disabled Fund (Bank or other financial institutions), Contractors, Sub Contractors and others associated.

Risk - Risk Guaranteed In Construction Policy (CAR)

Because this type of insurance is often called: "Construction All Risks", hence the term "ALL RISK" illustrates the extent of collateral Construction Insurance Policy (CAR) can be described as follows:

* Natural Disaster Risk (Act of God)

* Fire

* Liability to Third Parties

* Blasting

* Got hit or bumped vehicle or aircraft, etc.

* Theft, including theft with violence

This policy can be expanded by:

* Debris Cleanup Costs (Debris Removal)

* Risk for the duration of treatment (Maintenance Cover)

* Professional Fees

Period of Insurance Coverage

In line with the long term development projects, ranging from the preparation phase until the operation of the project. Can be detailed as follows:

* The preparation of development,

* Period of Construction / Installation,

* The period of testing,

* Commissioning Period,

* Maintenance or Maintenance Period

And up to handing over the project from the contractor to the owner.

Data or Information Required

* The data or information (at least) to be completed by the prospective insured are as follows:

* The Value of the Project, the project location, type of project

* Main Contractor

* Project Plan, Work Schedule

* Method which applied in development projects

Rate or Premium Rate

Premium Interest in the closure of this project is heavily influenced by several factors, among others:

* The length of time for project development.

* Type of Project (Civil Works Civil Wet or Dry).

* Experience of enterprise Contractor / construction projects development deal.

* Environmental conditions in which the project is located (including natural conditions in the weather).

2. Insurance Machinery Installation (Erection All Risks)

What is meant by type of installation insurance (Erection All Risks) is a type of insurance that provides compensation for the risks that occur during the installation of machinery. Risk Area or guaranteed warranty and everything associated with this installation insurance is the same type of construction insurance (as described in the previous section).

3. Insurance Industry Machinery (Machinery Breakdown)

Provide compensation for unexpected expenses for repairs or replacement of machines that suffered damages caused directly by:

* Pressure or vibration beyond normal limits,

* Short-circuiting (Short Circuit)

* Damage Installation, electrical panel on the machine,

* Lack of / errors in the lube (lubrication), and / or

* Not functioning of the tools on a machine observer

Insured Objects

Which became the object of coverage under the Machinery Breakdown Insurance policy are:

All Electrical Equipment (Electrical Equipment):

Namely machinery or equipment or equipment that use electricity as a source of driving, among others:

Alternator, Generator, Compressor, Electric Motor, Dynamo Starter, Transformer and others.

All Types of Machinery (Machinery Equipment)

That engine with electric power source or other fuels and as a driving source of them:

Pump, Turbine, Press Machine, Machine Cooling or heating, Special Industry Machinery, Boiler etc.

Period Coverage

Period Coverage for these types of Machinery Breakdown Insurance is 1 (one) year.

No Risk Guarantee

* Some of the risks that are not guaranteed:

* Risk standard fire policy (fire, explosion, lightning and falling aircraft or objects thereof),

* The damage that occurs within the period referred to machine testing,

* Expenses are machines that are too high (over load) done intentionally, Wear and tear (wear and tear), Theft,

* Inherent Characteristic (weakness or the nature of specific weaknesses that already exist and can not be repaired at the machine in question).

* Errors design (faulty design) engine causing the engine has an inherent characteristic, and the collapse of the building (collapse the building)

Data or Information Needed

The data or information shall include:

* Machine type, engine capacity, Occupational machine (for what or what making machine, etc.)

* Schedule the use or operation of the machine (whether 24 hours or the hours),

* Year of manufacture of machinery (new or used or how many years operated),

* Experience of damage (from the data record this machine can be known).

* The technical data of the machine,

* Lubrication schedule (routine service schedule)

* And others concerning the identity of the machine