Академический Документы
Профессиональный Документы
Культура Документы
Policies
Risk Factors
Natural Hazards
Geological, Hydrological ,Climatic analysis
Inflammable Materials Handling
Availability and Adequacy of On-Site and Public Fire
Services
Noxious Substances
Storage Areas
Site Accommodation
Earthmoving Equipment
Lifting Devices
Construction Techniques
Commissioning Program me and Methods
Safety
Loss Control & Safety Manager(s) Qualifications
Safety Controls
Security Controls
Potential for Pollution or Impairment of the
Environment
Risk Management
Partnership" be entered into between Insurer
and Customer to establish a joint
RISK MANAGEMENT TEAM
To share and exchange knowledge from
professional expertise to Identify, Appraise and
Evaluate RISK FACTORS against all possible loss
producing scenarios /activities and events that
may affect the successful, time and economic
completion of the Construction Project.
Site Security, theft/burglary/arson.
Site storage of flammable materials and LPG. Electricity
and Gas supplies.
Hot work permit .
Waste material .
Temporary Buildings.
Plant
Construction ( Design and Management ) Regulation
:CDM Regulations 1994.
Construction ( Health ,Safety and Welfare ) Regulations
1996.
Perils Evaluation
Explosion
Steam
Chemical
Gas
Feedstock and Catalysts
Electrical/Mechanical/Electronic Failure
Faulty or Inappropriate Design or Specification
Failure to follow Prescribed Methods
Nullifying of Safety Devices or Controls
Faulty Materials or Workmanship
Geophysical Analysis
Impact
Hoisting Operations
Vehicles
Hazardous Practices
Environment
Topography
Theft and Malicious Damage
Volcanic Activity
Seismology
Extremes of Temperature
Natural Hazards Wind, Whirlwind, Tornado etc
fault lines , earthquake
Terrorism Risk.
Risk Control
Suppliers (alop)
Foundations
Foundations: Intend
to carry weight of the building to
the ground.
The structure should rest in such a way that to avoid
uneven settlement and anchor against wind loads.
Information of Soil ,the nature of soil strata to
procure stability.
The depth and type of foundations should be that the
shear resistance of the soil coupled with weight of th
soil should prevent sinking/differential settlement (to
high rises) of foundations.
New structure for high rises, to go much below
compared to surrounding building can cause
subsidence /cracking to adjoining building.
Bridge
Bridge
Box sections are used in long and high bridges as they
are strong. The main hazards are:
Temporary support and stability prior to fixing of
decking.
Height of decking and length of spans between
supports are important.
The size and weight of sections to be lifted .
DAM: It is for storage, regulate and divert water
Wash out, river diversion/cofferdam and flooding.
Loss of earth moving equipments, Knowledge of river
flow and use of diversion channels.
Foundations
Tunnelling
Tunnelling
Warranty Tunnelling
Exclusion of force major perils .
Stand by pumping and other emergency facilities.
A clear definition on debris removal and cleaning up
costs.
An exclusion of abandonment or constructive total
loss.
An exclusion of over break.
CONTD
The Insured shall make sure that plugging
facilities are available near the pipe ends for
emergency purposes and that pipe ends
exposed to flooding are plugged before any
interruption during idle work periods such as
nights and holidays.
ENGG/END-110: ENDORSEMENT
CONCERNING STORAGE It is agreed and understood that otherwise
subject to the terms, exclusions, provisions and
conditions contained in the policy or endorsed
thereon, the Insurers shall only indemnify the
Insured for loss of or damage to the Insured items
during storage upto a value per storage unit not
exceeding the equivalent of Rs.______.
The individual storage units shall be either at least
50 m apart or separated by fireproof walls.
ROAD CONSTRUCTION
It is hereby warranted and agreed that,
notwithstanding anything contained in this
policy to the contrary, the following special
conditions shall apply The length of the working area (excavation
and construction of coffer etc., however
except final surfacing) shall never exceed
_____ meters at any work face and a total of
_______ meters at all work faces combined.
PIPELINE CONSTRUCTION
Pipelines Construction
e) Loss or damage arising from pressure testing
producing tensions exceeding the yield point
guaranteed by the manufacturer shall not be
covered. f) Loss of testing media shall not be
covered.
g) Cost incurred in searching for leaks are indemnified
- up to but not exceeding the limit per event of
________________ up to an aggregate limit for the
policy period of ________________ however only if
the leaks are a consequence of an insured event.
h) The Insurer is not liable for any claims due to
pollution from any cause whatsoever
Contd.,
the loss of bentonite, suspensions, or any media or substance
used for excavation support or as a ground-conditioning
agent.
In the event of indemnifiable loss or damage the maximum
amount payable under this Policy shall be limited to the
expenses incurred to reinstate the insured property to a
standard or condition technically equivalent to that which
existed immediately before the occurrence of loss or
damage but not in excess of the percentage as stated
below of the original average per-metre construction cost
ofthe immediate damaged area Maximum percentage
payable: %
Type of Policies
Constructing/Erection phase
a) Contractors All Risk (CAR)
b) Erection All Risk (EAR)/ / Also known as S.C.E
(storage cum Erection)
c) Marine cum storage cum Erection (MCE)
d) Advance loss of profit (ALOP)/ Delay in
startup (DSU)
This policy are issued for the Period of the
project depending on nature, size and
value.
Basic concept
Comprehensive cover against all the risk involved in
the
Storage
Erection
Testing and
Commissioning
of machinery & plant pertaining to various
Industries
What is Covered ?
Section I :
Specific Exclusions:
Subject Matter
Petrochemical Refineries
Power plants
Steel Plant
Cement/ Paper/Paint/Soap/Sugar/Rubber Plant
New Manufacturing Factories for Products/
Facilities Like Food, Drugs, Pharmaceutical etc
Civil Work : High Rises, Bridges, Tunnels, Roads,
Hotels, Restaurants, Jetties, Ports etc.
a)
b)
c)
4.
5.
a)
b)
c)
d)
6.
Contd..
7. Period of insurance
The period of insurance should not be less than the period of
contract and should commence from the date of unloading of the
first consignment at the site of the erection and shall continue up
to the conclusion of the first test operation or test loading subject
to a maximum of 4weeks from the date trial running is made and
/ or readiness for work is declared by the erectors. If a part of the
plant or one or several machines are tested and put into the
operation, the coverage under the policy for that particular part of
the plant or machine will cease, whereas the coverage will continue
for the remaining parts which are not yet ready.
In case approval of the plant or any part thereof is not given by the
concerned authorities even after expiry of 4weeks of trial running,
the policy can be extended and the extra premium to be arranged
beforehand.
Contd.
8. Sum insured:
Section: I
The sum insured selected under section I should not be less than the completely
erected value of the property inclusive of estimated freights, customs duty,
In case of long term contracts, there is bound to be escalation in prices i.e. prime cost.
The basic policy will pay only as per the original cost and prices. However escalation
clause can be opted for, under which escalation upto 50%, can be selected to take care
of such increase in prices during the policy period.
The sum insured shall be adjustable on completion of the erection, on the basis of
actual values incurred by the insured in respect of freights, handling charges, customs
dues, cost of erection etc. and premium adjusted accordingly.
Section: II
Should represent the per accident limit (the maximum legal liability that may fall on the
insured as a result of an accident in the insured's site). The limit per policy period
should be fixed taking into account the maximum number of such accidents which can
reasonably be expected to occur.
SUM INSURED Definition For this purpose, the Sum Insured on the
following items are to be taken into account a) Marine (Imports) -landed cost at site
b) Marine (Indigenous) -landed cost at site
c) Cost of Erection (exclusive of preoperative
expenses but inclusive of cost of visits of
specialists and supervision charges).
d) Permanent Civil Engineering Works
e) Half the escalated value, if escalation is opted for.
Marine Extension
Combined and Comprehensive Policy
Warehouse to Warehouse bases: All risk or any other
contract.
Fragile items/ Cement
Per Bottom limit per shipment
War/SRCC extension
1.
2.
Rating
Nature of project
Period Of Insurance including testing period
Location, Size
Experience of the contractor/ insured
Higher Excess Opted.
Add on covers/ Extensions required.
Various Add on Cover facilities at low rates for S.I
more than 100 Cr Projects : Like Loss
minimization expences,50/50 Clause/72 hrs
clause
b) take all steps within his power to minimize the extent of the loss or damage
c) preserve the parts affected and make them available for inspection by a
representative of the company or surveyor deputed by the Company.
d) furnish all such information and documentary evidence as the company may
require.
PREMIUM ADJUSTMENT
The sum insured under the Policy representing
the completely erected value of the plant
machinery/project shall be adjustable at
completion of erection on the basis of the actual
values to be declared by the insured in respect
Main Conditions
Statement/Answers in the proposal form: Good
faith
Reasonable precaution to prevent
losses/statutory requirements /Manufacturers
recommendations
Risk inspection: Insurers Engineers/Assessment
Notification of Material alteration
Conditions of Subrogation, contribution,
Arbitration, Fraud/False Declaration,
Contribution, Termination Of Insurance Policy.
Additional add on
T.P.L. Cover
Escalation costs
Waiver of Subrogation Clause
Expediting cost including Air Freight and Express
Freight
Extended maintenance cover (for every 12
months or part thereof)
Continuity of cover during operational phase for
Unit/Plant tested but awaiting integral testing
(along with other units/Plants
continued
Cold Testing
Hot Testing
Hot-testing ( Operational and Commissioning
tests): The checking of parts,elements and/or
production lines of insured property under full
or partial load and normal or simulated or
operational conditions including the use of
feed stocks or other material for normal
processing or other media for load simulation.
In Power stations , hot testing means checking
after connection to a grid or another load
circuit of electrical generating ,
transforming,converting,or rectifying
equipment.
Commissioning
The taking into operation or the putting under
load of insured property or any part with feed
stock or other materials for processing;or in
electrical power stations the connection to the
grid or other load circuit of generating
equipment.
Acceptance Test : Operation of insured
property under production conditions for the
purpose of attaining performance of (
quantity,quality) specification requirements.
Hot testing, Commissioning , Acceptance Test
all are known as Testing Period.
Mega Risk
Continuation
Business Interruption
S.I for 1 Lack Cr
B.I : G.P 20 Thousand Cr.
Excess: US $1 Million eel.(Section A)
B.I 30 Days.
Extensions under AR:
Public Authorities. Add cost of R/Inst
Fire Fighting Expenses/Foam
Property (P/M , stks) Outside Premises :Limit of 50
Cr .
Additional Coverage's
continued