• PROPOSAL FOR ERECTION ALL RISK INSURANCE

  • Experience of Main Contractors and Subcontractors

  • Period of insurance

  • Commencement of insurance
     - -
  • Duration of pre-storage Months prior to beginning of erection work

  • Duration of erection/construction Months

    Duration of testing Weeks
  • If maintenance coverage required

    Duration of maintenance Months
  • Have plans, designs and materials of the kind used in this project been used and/or tested in

  • previous construction?
  • previous construction by the contractor(s)?
  • Is this an extension of an existing plant?
  • If so, will operation of existing plant continue during Erection period? Enclose plans
  • Have the buildings and civil engineering works already been completed?
  • Is there any aggravated risk of

  • Fire?
  • Explosion
  • Nearer river, lake, sea etc

    Levels of such river, lake, sea etc.
  • Storm frequency
  • Hazards of earthquake, volcanisms, Tsunami

  • Is there a history of volcanism, tsunami at the site?
  • Have earthquakes, etc. been observed in this area?
  • Is the design of the structures to be insured based on Regulations regarding earthquake resistant structures?
  • Subsoil conditions
  • Do geological faults exist in the vicinity?
  • Estimate, if possible, the probable maximum loss, expressed as a percentage of the sum insured, in a single occurrence

  • Is coverage of construction/erection equipment (scaffolding, huts, tools, etc) required?
  • Is coverage of construction/erection machinery (excavators, cranes, etc) required?
  • Please attach list of major machines showing individual new replacement values and state total value

  • Are existing buildings and/or structures on or adjacent to the site, owned by or held in care, custody or control of the contractor(s) or the principal, to be insured against loss or damage arising out of or in connection with the contract works? State limit under No.28.5
  • Is third party liability to be included?
  • Do you wish cover to include extra charges (in case of loss) for express freight, overtime, night work,work on public holidays?
  • Air freight?
  • Please state hereunder the amounts to be insured or where applicable the limits of indemnity required (see Policy wording, Section I, memo 1 and Section II):

  • DECLARATION

    It is the duty of the proposer to disclose all material facts relevant to the risk. A material fact is one that is likely to influence our judgment and acceptance of your proposal. If your proposal is a renewal, it should include any change in facts previously advised to us. If you are in any doubt about facts considered material, disclose them. Please note that failure to disclose a material fact or if any information provided proves to be incorrect, we may void your policy and decline to pay any claim.

    I/We declare that the statements and particulars made by me/us in this proposal are, to the best of my/our belief, complete and true and I/we agree that this proposal, together with any other information supplied by me/us, shall form the basis of the contract of insurance effected thereon. I further declare and agree that if the statement and particulars above have been completed in the handwriting of any other person other than the undersigned, such person is deemed to be the representative of the proposer for the purpose of completing this proposal.

    Signing this proposal form does not bind the proposer or underwriter to complete this insurance.

  • Date
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  • Should be Empty: