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CAR/EAR INSURANCE APPLICATION STRUCTURE
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Part I - Physical Damage (MD)
Covers for physical damage (unexpected and unforeseen) to the construction/installation items of the Works, if not included in the policy's exclusions. In which, the insurance conditions must ensure compliance with the current compulsory Construction Insurance regulations.
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Part II - Third Party Liability (TPL)
Covers the Insured's liabilities for third party property damage and personal injury, arising from construction/installation activities.
KEY INSURANCE RISKS
- Natural disasters (storms, floods, lightning strikes, earthquakes)
- Fire, explosion
- Careless Loss
- Malicious actions, sabotage
- Loss (indirect) due to defects in materials, poor workmanship, design defects (depending on the coverage selected)
(Insurance in Part I is coverage for all risks not listed in the Exclusions of the Policy)
GENERAL EXCLUSIONS
- War
- Terrorism
- Nuclear
- Intentional acts of the Insured or his representative
- Interruption of work (in whole or in part)
- Insurance related to the embargo
- Risks directly related to computer networks