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Fire, Extended Coverage and All Risks
Covers financial consequences of damage to and losses of the insured property caused by fire, lightning or explosion, including crash of aircraft on the insured property. This basic coverage may be upgraded to an Extended Coverage or All Risks Insurance.
Loss of profit and operational costs due to business interruption following loss of, or damage to, property as per definition of the underlying Fire Insurance may be insured as well.
Electronic Equipment
Covers the financial impact of damage to, or loss of, the insured electronic equipment as a result of an unforeseen and extrinsic event such as fire, lightning, explosion, water, humidity, burglary, sabotage and other named human error or technical failure.
Machinery Breakdown for Jet Engines
Covers financial consequences of unforeseen and sudden damage to or destruction of insured jet engines due to named human error or technical failure, such as operating errors, clumsiness, negligence, faulty workmanship, faulty design or material defects.
Erection All Risks
Covers the insured items of erecting principals, contractors and manufacturers such as e.g. property, machinery, structures, installations or any part thereof on site while being stored, installed, tested and/or commissioned that suffer from any unforeseen and sudden physical loss or damage from any cause other than those specifically excluded.
Construction All Risks
Covers the insured plant and equipment of the contractor such as e.g. construction works, material and parts for the construction, completion or modification of a building that suffer from any unforeseen and sudden physical loss or damage due to any cause other than those specifically excluded.
