Covers construction works starting with the planning phases until the completion of construction. This Policy covers damages incurred by the Insured, as well as damages that the Insured may cause to third parties. This policy also includes a warranty period after the completion of works (maintenance period). The insurer is responsible for any damages incurred during the insurance period. He will indemnify any material damages of the object under construction as well as damages caused to third parties such as:

  1. Accidental bodily injuries or damages to other parties (regardless of whether they are fatal or not).
  2. Accidental loss or damages to property that belongs to third parties.
  3. All legal expenses that a claimant may demand of the Insured, and
  4. All Expenses for which the Insurer has given written consent.

This Policy covers the installation of machinery and equipment, from the start to the end of the installation process, including the liability to third parties for any material or health damages caused to them. This Policy offers the same coverage as CAR for the installation of machinery and equipment in industrial establishments. The insurers liability begins upon the start of the installation process, or after the unloading of items listed in the insurance form at the installation site and continues until the end of the handing over process or until the full capacity working test has finished.

This Policy covers:

  1. Material damages that may occur during the installation process, as well as costs of clean up that may be required as a result of an insured event.
  2. Liability towards third parties.

The Insurance Company will indemnify the insured up to the limits specified in the Insurance Form; The Insurance Company is legally required to indemnify these limits to third parties. Additionally, in case of a claim for compensation, The Insurance Company will indemnify the Insured all legal costs which have been paid by all insured claimants, as well as any expenses incurred with the prior written consent of The Insurance Company, within the liability limits specified in the contract.

This policy insures machinery in industrial establishments from malfunction and damages that they may incur during the work process, such as unexpected and unforeseen physical damages caused by: defects in casting or materials, defects in design, defects in installation, poor workmanship, lack of dexterity, negligence in the interruption of water supply to the cooling system or steam containers, short circuit or storm which render the repair or replacement of the machinery necessary. The insured sum must be equal to the cost of replacing the insured machinery with machinery of the same kind and capacity, which means the replacement cost, including shipping, taxes and duties, as well as installation.