Power Plant Insurance
Section 1 – PROPERTY ALL RISKS COVER This section provides cover of risks of sudden and accidental direct physical loss of or damage including Machinery Breakdown to all real and personal property of the Insured whilst on the insured premises as more fully described in the schedule hereto and wholly attributable to any cause not hereinafter excluded, occurring during the period of the policy. Section 2 – BUSINESS INTERRUPTION COVER During the period of Insurance, if the business carried on by the insured at the premises specified in this policy is interrupted or interfered with in consequence of an accident indemnifiable under Section-I, then the Insurer will indemnify the Insured for the amount of the loss resulting from such interruptions or interference in accordance with the provisions of this Section. Section 3 – THIRD PARTY LIABILITIES The Insurers will indemnify against all sums not exceeding the Limits of Liability stated in the Schedule which the Insured shall become legally liable to pay as compensation for: Accidental bodily injury or illness to any persons. Accidental loss of or damage to property.
This policy is divided into three sections:
Section 1 – PROPERTY ALL RISKS COVER
This section provides cover of risks of sudden and accidental direct physical loss of or damage including Machinery Breakdown to all real and personal property of the Insured whilst on the insured premises as more fully described in the schedule hereto and wholly attributable to any cause not hereinafter excluded, occurring during the period of the policy.
Pioneer Best has given us the following rating:
‘AAA’ & ST-1 Credit Rating for the 13th Consequtive year
The Company has been assigned “AAA” rating by Alpha Rating
