Endorsement 102: Special conditions concerning underground cables, pipes and other facilities

Apakah putusnya jaringan kabel serat optik PT. Telkom dan pipa PAM Palyja yang menyebabkan kerugian miliaran rupiah akibat mesin ekskavator yang tengah mengerjakan proyek pembangunan jalan layang non-tol (JLNT) Kampung Melayu-Tanah Abang tidak sengaja mengeruk tanah yang di dalamnya ada kabel serat optik PT. Telkom dan pipa PAM Palyja dijamin dalam asuransi CAR si kontraktor JLNT??

Machinery Insurance – overview

Machinery Insurance

 

What can be insured?

 

All types of machinery, apparatus, electrical equipment and technical plant can be covered under machinery insurance, such as power generating units (boilers, turbines, generators, gas turbines), power distribution plant (transformers, high- and low-voltage switchgear), production machinery and technical plant and equipment (machine tools, weaving looms, paper machines, kneaders, pumps, compressors, heat exchangers, tanks, apparatus, piping, etc.)

 

Claims under machinery insurance mostly arise from one of the following causes:

 

Advanced Loss of Profit / Delay in Startup Policy

A Marine-cum-Erection or Contractor’s All Risk policy covers only physical damage to property which, at best, covers the expenses incurred for repairing or replacing the damaged property.

 

Highlights

 

A Marine- cum -Erection or Contractor’s All Risk policy covers only physical damage to property which ,at best, covers the expenses incurred for repairing or replacing the damaged property. But what about the financial loss suffered due to delay in commissioning the project ? More so, when your repayment schedule, on loans taken, are linked to the income earned after the scheduled commissioning?

 

Marine cum Erection / Storage cum Erection Policy

This is a comprehensive policy covering all physical risks which a project is exposed to.

 

Highlights

This is a comprehensive policy covering all physical risks which a project is exposed to right from the warehouse of the supplier of equipments – whether imported or indigenous – to its erection, testing and commissioning at the site.

 

In case the supplier has arranged transit insurance upto the site, a Storage cum erection policy can be issued limiting coverage to risks that the project is exposed to at the site only.

 

Electronic Equipment Insurance (EEI) – Quotation

Electronic Equipment Insurance (EEI) covers your electronic equipment or electrical machinery or installation such as medical equipments or ICT against all risks subject to EEI – Munich Re Wordings. It covers loss or damage due to fire, electrical breakdown, riots, strikes, flood, typhoon, storm or other accidental damage.

 

Electronic Equipment Insurance (EEI) provides cover for Material Damage, External Data Media and Increased Cost of Working

 

Contractors’ Plant & Equipment (CPE) Insurance – Quotation

Contractors’ Plant & Equipment (CPE) Insurance covers your heavy equipment, plant and machinery against all risks subject to CPE – Munich Re Wordings. It covers equipment whilst at work or at rest, it covers loss or damage due to fire, riots, strikes, flood, typhoon, storm or other accidental damage

 

Cover is also available on Total Loss basis

 

Contractors’ & Erections All Risks (CAR/EAR) – Quotation

Here is sample of a Quotation of Contractors’ All Risks (CAR) / EAR Project

 

Contractors’ All Risks (CAR) / EAR covers all risks of loss or damage to construction of the project or erection of machinery and Third Party Liability as well

 

Project Construction is of huge value and considerably high risks, it is designed to give full and comprehensive cover with set s of clauses to include Offsite Storage, Designer Risks, Existing Property, Transit Risks, 50/50 Clause, etc etc

 

Construction Liability

Bridge collapse causes 22 fatalities and 46 missing persons

 

China: On 13 August 2007, a bridge under construction in an ancient Chinese city collapsed as workers removed scaffolding from its facade. The collapse caused 22 fatalities. There were 64 people rescued and 22 injured when the 1,049-foot-bridge in Hunan province collapsed.

 

The 140-foot-high bridge had four decorative stone arches and was scheduled to open as a tourist attraction at the end of August 2007.

 

Asuransi Alat Berat: Heavy Equipment Insurance (HE) vs Contractors’ Plant and Equipment (CPE) / Machinery (CPM)

Please click here to read its English version

Terdapat beberapa jenis polis di market yang digunakan untuk penutupan Asuransi Alat Berat yaitu Heavy Equipment Insurance (HE) vs Contractors’ Plant and Equipment (CPE) atau Machinery (CPM). Jadi klien wajib berhati-hati.

Heavy Equipment Insurance (HE) juga terdiri dari berbagai versi wordings, ada yang named perils ada juga yang unnamed perils karena sifatnya yang tailor made jadi sangat bergantung dari perusahaan Asuransi ybs.

Contractors’ Plant and Machinery (CPM) adalah Standard Munich Re wordings yang dipakai luas di industri Asuransi kadang disebut juga Contractors’ Plant and Equipment (CPE) karena mungkin dipandang lebih tepat penggunaan istilah Equipment daripada Machinery untuk objek yang diasuransikan

HE vs CPE manakah yang lebih bagus? CPE pastinya lebih bagus karena selain bersifat standar wordings CPE bersifat “All Risks”.

Contractors’ Plant and Equipment (CPE)

Menjamin semua risiko kerusakan atau kerugian fisik yang terjadi secara tiba-tiba dan takterduga terhadap objek pertanggungan (kecuali beberapa risiko saja yang tercantum dalam pengecualian)

Polis CPE juga tetap menjamin kerusakan atau kerugian pada saat Alat-alat berat sedang bekerja (at work), sedang diam (at rest), ataupun sedang dibongkar dalam proses perawatan atau overhauling

 

Asuransi Erection All Risks (EAR)

Please click here to read its English version

 

 

Erection All Risks (EAR)

Menjamin semua risiko kerusakan atau kerugian yang terjadi dalam proses pemasangan atau instalasi mesin-mesin (kecuali beberapa risiko saja yang tercantum dalam pengecualian)

 

 

Jaminan Asuransi Erection All Risks (EAR) termasuk:

·   Jaminan untuk Kebakaran, Petir, Ledakan, Kejatuhan Pesawat dan Asap

·   Jaminan untuk Kerusuhan, Pemogokan, Perbuatan Jahat dan Huru Hara

·   Jaminan untuk Angin Topan, Badai, Banjir dan Kerusakan akibat Air

·   Jaminan untuk Gempa Bumi, Letusan Gunung Berapi dan Tsunami

·   Jaminan untuk Tanah Longsor dan Pergerakan Tanah

·   Jaminan untuk Perampokan dan Pencurian

·   Jaminan untuk Kesalahan desain (faulty design) – optional

·   Jaminan untuk Kesalahan pemasangan (faults in erection)

·   Jaminan untuk Kecelakaan lainnya.

 

Polis Erection All Risks (EAR) terdiri dari 2 Bagian

Bagian 1 : Kerusakan Material (Material Damage)

Bagian 2 : Tanggung Jawab Hukum terhadap Pihak Ketiga (Third Party Liability)