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SIBL - Contractors All Risks Insurance

Contractors All Risks Insurance

The ‘Contractors All Risks’ (CAR) insurance provides cover for unforeseen, unexpected, sudden, accidental physical loss of or damage/destruction to the construction works (permanent or otherwise) and Contractor’s Equipment from any cause other than the specific exclusions during the period of Insurance.  The coverage includes fire, lightning, flood, theft, malicious damage, earthquake, riots and strikes, burst […]

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SIBL - Machinery Breakdown Insurance

Machinery Breakdown Insurance

This engineering insurance policy provides indemnity (financial recovery) for machinery and plant assets against unforeseen and sudden physical damage resulting from internal issues or breakdowns. The policy covers the following risks of unexpected and sudden physical loss or damage to plant and machinery: Damage caused by electrical energy (short circuits, excess voltage, or induction) Human

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SIBL - Electronic Equipment Insurance

Electronic Equipment Insurance

This engineering insurance policy offers financial recovery (indemnity) for electronic equipment assets in the event of unforeseen and sudden physical damage or breakdown from internal issues. The risks covered include: Damage caused by electrical energy, such as short circuits, excess voltage, or induction Human factors, including improper operation, lack of skill, or negligence Manufacturer defects,

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SIBL_Fire and Allied Perils Insurance

Fire and Allied Perils With Burglary Insurance

Insurance Act, 2021 (Act 1061), Sections 218 and 219, requires all commercial buildings to be insured against risks such as collapse, fire, earthquake, windstorm, and flood. The Standard Fire and Allied Perils Insurance, unlike All Risks Insurance, is a traditional coverage that protects buildings and its contents against specifically named perils. The policy covers both

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