Erection All Risks Insurance (E.A.R)
Provide cover for all risks of damage or loss incurred in the process of installation machinery.
Scope of Cover
- Fire, Lightning, Explosion, Aircraft Fall and Smoke.
- Riots, Strikes, Riot and Malicious Acts.
- Typhoon, Storm, Flood and Water damage.
- Earthquake, Volcanic Eruption and Tsunami.
- Landslide and Soil Movement.
- Robbery and Theft.
- Design Errors (Optional).
- Errors or Omissions Labor.
- Other Accidents.
Machinery Break Down Insurance (MB)
Provide cover for any loss or damage to machinery as a result of risks that are guaranteed in the policy.
Scope of Cover
- Planning or Installation Errors
- Eressures or Vibration Beyond Normal Limits.
- Errors / Omissions Operation.
- Lack of Knowledge / Skills Operator.
- Short Circuit, Damage To The Insulation.
- Lack of Lubrication or an Error
- The Non-Functioning Security Tools (Failure of Safety Equipment).
Electronic Equipment Insurance (EEI)
Provide cover for any loss or damage to goods / electronic equipment as a result of risks that are guaranteed in the policy.
This insurance provides a guarantee to :
As the owner who operate by him/her self for their own needs or as a lesser who cause damage to their electronic equipment and can’t be accountable to the lessee.
As the party who lease electronic equipment can have interest if in the lease agreement the lessee must responsible for all damage or loss in the electronic equipment.
- Lembaga Keuangan, Bank, and Leasing
Bank or Leasing Companies that provide credit guarantees in the form of electronic goods, automatically have an interest.