It covers all kinds of construction Project – related risks (building, road, dam,port, sewage, drinking water and electricity lines, airport, etc.) from the date of commencement of the construction until the date of completion or delivery of the Project, under suitable coverage.
The principal risks that are automatically covered by the Construction All Risks Insurance provided that they occur suddenly and for unexpected reasons are asfollows:
-All kinds of acts of god including earthquake, flood, storm, landslide and landsubsidence
-Theft and attempt for theft
-Fire, lightning and explosion
-Collision of air and land vehicles
-Building site / enterprise accidents
The scope of coverage of the construction all risks insurance can be expanded with the below additional coverage:
-Debris removal expenses
-Construction machinery
-Building site facilities
-Third party financial liability
-Maintenance stage
-Strike, lockout, disorder, civil commotion, terrorism
-Overtime and serial transportation expenses required by reason of damage
It covers all the risks of the machines used in for example fertilizer factories, food and metal processing facilities, textile sector, brick factories, paper, limber, and leather industry involving assembly projects, assembly of which canbe demonstrated, from the time the machines which will be erected reach the building site until the time their trial phases and erection are completed under suitable coverage.
The principal risks that are automatically covered by the Erection All Risks Insurance provided that they occur suddenly and for unexpected reasons inaddition to erection accidents are as follows:
-All kinds of acts of god including earthquakes, floods, storms, landslide and land subsidence
-Four-week trial phase
The scope of coverage of the Erection All Risks Insurance can be expanded by the following additional coverages:
-Debrisremoval expenses
-Machinery and equipment used for fulfilling assembly works
-Trial phase exceeding four weeks
-Overtime and serial transportation expenses required as a result of damage
All the production and auxiliary machines in an enterprise (machines for textile,metal, leather, wooden, plastic, food, print and packaging etc.) are taken within the scope of coverage after completion of assembly and trial phases and after they become fully functional.
The principal risks that are automatically covered by Machinery Breakdown Insurance, provided that they occur suddenly and for unexpected reasons are as follows.
-Enterprise accidents
-Faults of manufacturing, assembly workmanship
-Lubrication faults
-Damages arising from electrical energy (indirect effects of voltage fluctuations, short circuit /fire without flames, lightning)
-Storm
-Congestion, entry of foreign substances
-Negligence, fault, mistake, bad- faith, carelessness of the enterprise’s employees or third parties
Thescope of coverage of Machinery Breakdown Insurance can be expanded with the below additional coverage:
-Physical explosion
-Damages that may occur in the foundations of machines
-Expenses of overtime and serial transportation necessary as a result of thedamage
-Comprehensive Automobile insurance for mobile heavy construction equipment(excavator, dozer, loader, crane, forklift, etc.) (fire, earthquake, flood,landslide, rock slide, hitting, collision, overturn, and in addition, upon request, theft)
The value that constitutes the basis of insurance in machinery breakdown insuranceis the replacement values of the machines compared to the new machines. The damages that occur within the scope of this insurance are mostly partial damages and since the broken down part is replaced by a new part, the damage payment is made on the basis of this new part. It is necessary to separately issue a Fire Insurance for fixed machines which have been insured under Machinery Breakdown Insurance.
Allelectronic equipments in an enterprise (fixed office equipment – computers,printers, fax, copier, telephone switchboard, CNC machines – textile and lathemachinery, medical devices, ultrasound, magnetic resonance, computertomography, x-ray, gamma cameras, film print and bath tools, devices at radioand television stations, etc.) are taken within the scope of coverage aftercompletion of erection and trials and after they become fully operational.
Theprincipal risks that are automatically taken under coverage by the Electronic Equipment Insurance with the condition that they occursuddenly and for unexpected reasons are as follows.
- Negligence, fault, mistake, carelessness,bad faith of the employees of the enterprise of third parties
- Defective design and materials
- Damages arising from electricity (indirecteffects of voltage fluctuations, short circuit /fire without flames,lightning)
- Fire, explosion, lightning
- Over burning, darkening, fume, smoke
- Storm, flood, landslide, land subsidence
- Internal water
- Theft and attempt for theft
Thescope of coverage of Electronic Equipment Insurance can be expanded with thebelow specified additional coverages:
- Overtime and serial transportation expensesas required as a result of the damage
- Losses and damages to portable and mobiledevices outside the insured area
- Earthquake
- Strike, lockout, disorder, civil commotion,terrorism
- Loss of data
- Expenses for increased work
- Valves and tubes