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Insurance of contractor’s equipment

Insurance of contractor's machinery and equipment

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This type of insurance provides that an Insurer enters into an agreement with the Insured in respect of the Insurer’s obligations for compensation of the Insured’s losses resulting from damages, destruction or theft of the machinery and equipment as a result of any of the following insurance risks and under the stipulation that such damage, destruction or theft is not listed among insurance exceptions, in the event of destruction, theft or damages that necessitate repair or replacement of the machinery or equipment, within the sum insured envisioned by the insurance agreement:

  1. Fire
  2. Lightning stroke
  3. Explosion
  4. Hurricane, typhoon, tornado
  5. Hail
  6. Flood
  7. Earthquake
  8. Unfriendly acts made by the third parties
  9. Theft, burglery, hijacking or robbery
  10. Actions made by animals
  11. Fall or contact with external objects  
  12. Collision
  13. Overturn
  14. Landslide
  15. Sinking of ground