728x90 AdSpace

Latest News
Minggu, 31 Januari 2016

Property All Risk Insurance

All Risks Policy
Every business owner needs to address the typical risks prevailing at an industrial unit or manufacturing facility. These are the dangers such as fire, equipment failure, boiler explosion, etc. Any of these can cause loss of profit and disruption of your operation. The AXA All Risks Insurance Policy is the best protection for your business against these risks.
What is All Risks Policy?

This is a Policy providing cover against Material Damage and Business Interruption of a business enterprise. This policy provides cover against all risks/ perils other than those, which are excluded in the Policy.

What does this Policy cover?

The Policy offers coverage under 2 sections:

Section I - Material Damage

Covers for loss or damage to insured property caused by all risks other than those specifically excluded by cash payment, replacement or repair up to a maximum amount insured.

Section II - Business Interruption

The policy will cover the amount of loss resulting from business interruption or interference in consequence of loss, destruction or damage covered under Section I, up to the limit of Sum Insured.

What is the Sum Insured?

Section I - Material Damage
The basis of valuation in respect of buildings and contents other than stock shall be on reinstatement value and in respect of stock it shall be on market value.

Section II - Business Interruption

The Sum Insured under this Section should represent the annual gross profit.

What does this Policy not cover?

The policy will cover the amount of loss resulting from business interruption or interference in consequence of loss, destruction or damage covered under Section I, up to the limit of Sum Insured.

Section I – Material Damage

The Policy will not cover any claim due to:

  1. Faulty or defective design materials or workmanship
  2. Interruption of the water supply, gas, electricity or fuel systems or failure of the effluent disposal systems
  3. Collapse or cracking of buildings
  4. Larceny
  5. Coastal or river erosion
  6. Wilful act or gross negligence of the insured
  7. Cessation of work, delay
  8. War, warlike operations
  9. Nuclear risks
  10. The destruction of property by order of any public authority
Section II - Business Interruption

The policy does not cover loss resulting from interruption of or interference with the business, directly or indirectly, attributable to:

  1. any restriction or reconstruction or operation imposed by any public authority
  2. The insured's lack of sufficient capital for timely restoration or replacement of property lost, destroyed or damaged
  3. Electronic installation, computer and data-processing equipment
  4. Deliberate erasure loss, distortion or corruption of information
  5. Deductible stated in the schedule
  6. Wilful act or gross negligence of the insured
  7. Cessation of work, delay
  8. War, warlike operations
  9. Nuclear risks
  10. The destruction of property by order of any public authority
This is not an exhaustive list. For a detailed list of exclusions, please read our policy terms and conditions.
What is the Premium Payable?

The Premium Rates for the policy will be based on our risk assessment, past claims history, and the add-on covers chosen.

What is the basis of indemnity?

The policy provides indemnity as below -
Section I - Material Damage
In respect of Building, Plant & Machinery and Furniture, Fixtures & Fittings, the basis of indemnity is by payment in cash, replacement or repair (at the Insurers' option) up to an amount not exceeding in respect of each of the items at any location specified in the Schedule the sum set opposite thereto (sum insured) and not exceeding in any one event the limit of indemnity where applicable and not exceeding in all the total sum expressed in the Schedule as insured hereby.

For Stocks, the policy provides indemnity on market value basis.
Section II - Business Interruption

The basis of indemnity is limited to loss of Gross Profit due to:

  1.  Reduction in Turnover, and
  2.  Increase in Cost of Working
  • Blogger Comments
  • Facebook Comments

2 komentar:

  1. Anda ingin mendapat uang dan menjadi jutawan dengan sesaat cara nya sangat mudah, cukup ikut bermain di situs www.dunid4d.info
    situs taruhan online pertama dan terbesar di asia tenggara terUTAMA di indonesia
    jadi tunggu apalagi.

    let's join with us !!

    www.dunia4d.info

    Tunggu Apa Lagi ? Segera Daftarkan Diri Anda & Teman² Anda
    Mau main di HP ? BISA !! (Support Android & iOS)
    Hubungi Kami :
    BBM : D1BE23C5
    WECHAT : dunia4d
    WHATSAPP : +855964984556
    LINE : dunia4d

    BalasHapus
  2. Kami hadir untuk memberikan layanan pemasangan Taruhan TOGEL Online
    dengan kemudahan dan keamanan yang terjamin.
    - System REGISTRASI yang Mudah.
    - Metode Transaksi menggunakan Bank LOCAL.
    - Transaksi yang Mudah dan Cepat
    - Support CS 24 Jam melalui LiveChat,BBM dll.
    - Game 4D,3D,2D,Colok, Naga, Macau, Shio, dll.
    - Game Live Casino, Tangkas, Slot Games, Poker dan Domino
    - Bonus Refferal dengan Perhitungan Fair & transparant.
    - Discount terbaik serta Index kemenangan yang Tinggi .
    - Minimal Deposit 20.000

    Bandar Togel Diskon Terbesar di Indonesia Pantai4d.com:
    - 2D ( 29% )
    - 3D ( 59% )
    - 4D ( 65% )
    Serta Bonus Refferall

    Menyediakan 5 Pasaran Togel >>
    Sydney - Sydney2 - Singapore - Hongkong Lucky7 - Hongkong
    Game Online Casino
    Tunggu Apa Lagi ? Segera Daftarkan Diri Anda & Teman² Anda
    Mau main di HP ? BISA !! (Support Android & iOS)
    Hubungi Kami :
    PIN BB : D87CDA03
    WA : +855968905699
    Line : pantai4dcs
    website :Pantai4d

    BalasHapus

Item Reviewed: Property All Risk Insurance Rating: 5 Reviewed By: Unknown