Engineering insurance

1.  CONTRACTORS’ ALL RISKS INSURANCE

a. Subject Matter Insured

All civil construction, and industrial construction such as::

•  Home, office building, factory with included dormitory, school, hospital, theater, cinema, other cultural construction…

•  Factory, plant.

•  Road (including railway) and air port.

•  Bridges, water supply and drainage construction, canals, ports…

b.  Scope Of Cover

•  Material damage: Cover for physical damage due to unexpected and unforeseen risks for all insured items occurs during the construction process by the risk is not excluded in the policy.

•  Third party liability: FUBON will indemnify the Insured the amounts which the Insured shall become legally liable to pay as damages consequent upon:

        •  accidental bodily injury to or illness of third parties (whether fatal or not)

        •  accidental loss of or damage to property belonging to third parties

        •  all costs and expenses of litigation

        •  all costs and expenses incurred with the written consent of FUBON

2.  ERECTION ALL RISKS INSURANCE

a. Subject Matter Insured

Erection and testing process:

•  Machines, Equipments and parts such as: turbine, generator, steam boilers, internal combustion engine, electric motor, transformers, rectifiers, commutation devices…

•  Machine tool, pumps, elevators, cranes, conveyors, cable lines.

•  Printer, paper production machine, textile machine, high voltage power lines, pipelines, halls, storage tanks, containers, steel bridges.

•  Industrial plant (electrical plant, iron and steel plant, chemical plant, high flood, paper plant, textile plant as well as other factory specializing in consumer goods.

b. Scope Of Cover

•  Material Damage: Cover for physical damage due to unexpected and unforeseen risks for all insured items occurs during erection and testing process by the risk is not excluded in the policy.

•  Third party liability: FUBON will indemnify the Insured the amounts which the Insured shall become legally liable to pay as damages consequent upon:

•  accidental bodily injury to or illness of third parties (whether fatal or not)

•  accidental loss of or damage to property belonging to third parties

•  all costs and expenses of litigation

•  all costs and expenses incurred with the written consent of FUBON

3.  ELECTRONIC EQUIPMENT INSURANCE

a. Subject Matter Insured

All machines and equipment used for construction/ erection process such as cranes, loaders, excavators, concrete mixers…

b.  Scope Of Cover

Cover for physical damage due to unexpected and unforeseen risks forall machines and equipment used for construction/ erection processoccurs during operation, standby or maintenance work by the risk is not excluded in the policy.

4.  ELECTRONIC EQUIPMENT INSURANCE

a. Subject Matter Insured

Electronic equipmentused in such fields as broadcasting, television, telecommunications, medical, information technology, movie, marine, aviation, science & technology…

b. Scope Of Cover

•  Material damage

Cover for physical damage due to unexpected and unforeseen risks for electronic equipment, data processing equipment, medical equipment ... caused by fire, lightning, short circuit and the other causes of power, design errors, manufacturing, installation, material defect...

•  External data media

Cover for the cost of repairs, replacement of peripherals and recovery lost information occurred by insured risks.

•  Increased cost of working.

Cover for the additional costs of replacement for damaged equipment occurred by insured risks.