Engineering insurance are of various nature depending upon the nature of the risk exposure e.g. construction/erection/boiler and pressure plants/machinery breakdown/electric equipment/certain forms can be extended to cover third party liability. Combined cover is also available for marine-cum-erection/storage-cum-erection. Loss of profits following machinery breakdown or boiler explosion is also available. For construction phase risks,Advanced Loss of Profits (ALOP) is available to take care of financial consequences of delay in commencement of commercial operation caused by physical loss or damage to the contract works, including extra expenses to avoid or minimize a delay.
Earthquake Claim Detail
- No. Of Claim Intimated : 887
- Amt. Of Estimated Claim: 1,457,600,000
- No. Of Paid Claim : 825
- Amt. Of Paid Claim : 991,870,000
- % Of Claim Settle : 93
- No. Of NOCLAIM : 275