This
coverage is designed to protect the risks related to the assembly of
machines, devices and metallic structures of a work.
Insures the assembly of any equipment or process and/or entire
factory.
Characteristics
▪ The validity of this insurance policy is for the period of
duration of the work
▪ The insurance policy has a wide coverage since it covers Civil
Responsibility and Fire and Allied Lines
Coverage
This insurance policy spreads to covering the assembly to assuring
against the risks of fire, explosion, air ships, flood, earthquake,
hurricane, damages for water as a consequence of hurricane and
landslide.
Information necessary for the subscription
· Detailed description of the operation of the assembly and duration
of the same one.
· To identify in charge of whom the assembly will be.
· Place.
· Adjacent and measured properties of protection.
· Value of the work and limit of Civil Responsibility needed.
· Experience catastrophe of last 5 years.
The work must consist of a percentage more assemblies than civil
work.
Not insurable risks
a) The losses due to delays, the insufficiency of yield, the
modification or the annulment of contracts of works
b) The ill-disposed acts or omissions and inexcusable absences of
any manager, Director or Chief of work of the Policyholder
c) Loss, destruction or damage to any property or damage or expenses
of any type, as well as consequential damages
d) The loss, the destruction, the damage or the legal responsibility
caused direct or indirectly for, or, as a consequence of nuclear
material of war or of nuclear weapon
e) The loss, the damage or the responsibility caused direct or
indirectly for or as a consequence of war, invasion, hostile acts.
f) Other damages and losses specified in the insurance policy
Procedure for claims
It must present the followings:
▪ Technical report, of the catastrophe, how did it happen and that
caused it.
▪ Budget of the damages or quote.
