This insurance covers the erection works of plants, machinery and other similar works, including storage, in the event of any unforeseen and sudden physical loss or damage, from any covered cause, in a manner necessitating repair or replacement. The Company will indemnify the Insured, if any time during the period of cover the insured items or any part thereof shall suffer any unforeseen and sudden physical loss or damage from any cause, other than those specifically excluded, in a manner necessitating repair or replacement. Buruj will also indemnify the Insured against sums which the Insured shall become legally liable to pay to third parties as damages consequent upon a) accidental bodily injury to or illness b) accidental loss of or damage to property.
Political risks, radioactive contamination, willful act and negligence, cessation of works, terrorism, gradual pollution and contamination, Nuclear/chemical/biological terrorism, asbestos, cyber risks, information technology hazards, consequential loss, faulty design, wear and tear, mechanical and electrical breakdown or derangement, vehicles designed and licensed for general road use, waterborne vessels or crafts, documents, currency and stamps.
- The period of maintenance following the contract works .
- Debris removal.
- Liability towards the third party and the project principal.
- Loss or damage to the construction plant, equipment and machinery while inside the insured site.
- Insured items such as materials devices or parts while transported to the site.
- Construction and Erection Machinery / Equipment.