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Boiler & Pressure Vessel Insurance
Marine insurance
Oil & Gas insurance
Aviation Insurance
Erection All -Risk Insurance
Plant All-Risk Insurance
Fidelity Guarantee
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Boiler & Pressure Vessel Insurance
The Boiler & Pressure Vessel insurance policy provides cover against damage to boiler or other pressure vessels that may be proposed for insurance as well as damage to surrounding property be it the insured's own or third party property or liability for third party fatal or non-fatal injuries.
1) Explosion or collapse of boiler or other pressure vessels may be classified as follows:
- Hidden and undetected weakness and flaws in condition, workmanship and materials
- Human element i.e. moral hazards
2) Overloading and failure of protective devices
Marine Insurance
MARINE HULL
This covers loss or damage to the carrying vessel, machinery and third party liability due to the following:
- Perils of the seas, jettison, piracy, negligence of the masters, officers and crew.
- Accident in loading, discharging or shifting cargo or fuel.
- Fire and explosion
- Earthquake and volcanic eruption
- Violent theft by person outside the vessel
- Busting of boilers, breakage of shafts or any latent defeat in the machinery or vessel.
MARINE CARGO
INSTITUTE CARGO CLAUSE 'A'
It covers all risks of loss or damage to Insured consignment as a result of perils of the sea from port of loading to port of discharge and to warehouse.
The covers includes: Fire, Theft, Pilferage, Non-delivery, Short-landing, Vessel, or craft been stranded, grounded, sunk or capsized.
INSTITUTE CARGO CLAUSE 'C'
This clause provided minimum cover on loss or damage due to earthquake, volcanic eruption, craft being stranded, grounded, sunk or washing overboard of cargo.
Oil and Gas Insurance
This policy covers all risks of physical loss and destruction to the insured properties (including Legal liability arising thereof) to the properties of the insured or arising out of the insured's operations (including their agents).
Properties covered under this policy would include the following:¬
- Oil Rigs and Platforms
- Pipe Lines
- Flow Stations
- Gas Terminals
- Farm Tanks
- Operators Extra Expenses
- Cost of Controlling Well Fire
- Cost of Re-drilling
- Oil Seepage and Pollution (Clean Up Costs and Third Part Liabilities)
- Cryogenic Vessels - Hull
Aviation Insurance
The Policy provides cover for loss or damage from whatsoever cause, while the aircraft is in flight, taxing, on the ground and moored.
It also covers Hull war Risks, Spare Parts, Third Party Legal Liability, Passenger's liability, Baggage, Cargo or Mail Liability.
Erection All-Risk Insurance
This policy offers comprehensive protection against all the risks involved in the erection of machinery, plant and steel structures of any kind. It may be extended to cover third party liabilities in connection with the erection project.
Plant All-Risk Insurance
This policy covers loss or damage to the insured machinery whilst at the situation from any cause outside the machinery, including fire, explosion, impact damage, burglary and legal liability arising therefrom.
Fidelity Guarantee Insurance
All organizations at one time or another may suffer loss as a result of fraudulent activities, whether by employees, or external persons. This policy seeks to counteract the effects of such activities by guaranteeing the replacement/repair of affected assets as a result of larceny, embezzlement or misappropriation. Premiums are based on the value of assets to be insured. This policy is highly recommended for all organizations, as the cost of such dishonest activities can be extremely high. SA Insurance can help reduce the financial burden on your company and leave you free to deal with your business as usual.
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