Terraz. Engineering. Specialist Products. Engineering

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Raymond Snow
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o underwrites on behalf of the Absa Insurance Company Limited, providing engineering solutions to a wide range of industrial and

This division is able to offer the expertise and assistance which may be required to put together a tailor made package to suite all

Specialist Products PLANT ALL RISKS Plant All Risk (PAR) covers loss of or damage to construction plant equipment (fixed and mobile)

The policy can be extended to cover the plant whilst on a public road with third party road risk cover.

) are comprehensive all risk covers intended for the erection of anything from private houses, cluster homes, small blocks of flats up

COMPUTER AND ELECTRONIC EQUIPMENT Insuring loss of or damage to computer and electronic data processing equipment and associated

The basic policy can be extended to cover increase cost of workings and reinstatement of data and losses arising from the failure of

DISMANTLING, TRANSIT AND ERECTION This policy is designed for single operations or a combination of operations.

1 o underwrites on behalf of the Absa Insurance Company Limited, providing engineering solutions to a wide range of industrial and commercial customers, helping them protect both their assets and their profitability. This division is able to offer the expertise and assistance which may be required to put together a tailor made package to suite all contractors needs. Specialist Products PLANT ALL RISKS Plant All Risk (PAR) covers loss of or damage to construction plant equipment (fixed and mobile) from any cause whilst in storage, transit, on contract site or whilst being used as tool of trade. The policy can be extended to cover the plant whilst on a public road with third party road risk cover. In addition, standard cover is available for hiring cost, legal liability arising out of the hire and continuing hire charges. CONTRACT ALL RISKS Contract All Risk (C.A.R.) and Erection All Risk (E.A.R.) are comprehensive all risk covers intended for the erection of anything from private houses, cluster homes, small blocks of flats up to large projects such as sugar mills, power stations, and the like. COMPUTER AND ELECTRONIC EQUIPMENT Insuring loss of or damage to computer and electronic data processing equipment and associated ancillary equipment. The basic policy can be extended to cover increase cost of workings and reinstatement of data and losses arising from the failure of electricity supply and Telkom land lines. DISMANTLING, TRANSIT AND ERECTION This policy is designed for single operations or a combination of operations. It can be used for a one off risk or continuing annual risks but the important point to bear in mind is that cover is applied strictly to only plant and machinery. MACHINERY BREAKDOWN Sudden accidental and unforeseen physical loss of or damage to machinery and plant arising from mechanical and/or electrical breakdown, whilst in operation, at rest, or during resisting or re-erection, at the client s premises. DETERIORATION OF STOCK Primarily, this type of insurance is an extension to the Machinery Breakdown Policy. The cover is restricted to deterioration of perishable commodities which by their very nature require a controlled environment to retain their normal marketable condition. LOSS OF PROFITS Loss of gross profit, loss of revenue or increased costs of working, arising form loss or damage sustained under the Machinery Breakdown Policy. STAND ALONE CONTRACTORS LIABILITY In terms of contractual obligations, contractors are usually expected to provide some form of direct coverage for any liability incurred as a result of their operations. The purpose of this cover is to protect the contracting party from liability in connection with physical operations being carried out. ZONKE Zonke is a Zulu word meaning combined. This product is a one stop insurance shop. Call o on: 0861 TERRAZO / terrazo@aum.co.za Or visit us at: Solutions (Pty) Ltd Innovation, Integrity, Intelligence

PLANT ALL RISKS Plant All Risk (PAR) covers loss of or damage to construction plant equipment (fixed or mobile) from

The policy can be extended to include third party road risk cover.

the place of use, whilst being used as a tool of trade or on exhibition or demonstration and transit back to the

Cover can be included for plant hired in, plant hired out, for continuing hire charges which may arise as a result

All plant which is used for contracting and mining activities can be insured.

loaders, drilling rigs, mechanical shovels, mobile cranes, draglines, etc.

homes, small blocks of flats up to large projects such as sugar mills, power stations, refineries and the like.

2 PLANT ALL RISKS Plant All Risk (PAR) covers loss of or damage to construction plant equipment (fixed or mobile) from any cause whilst in storage, transit, on contract site or whilst being used as tool of trade. The policy can be extended to include third party road risk cover. In addition, standard cover is available for hiring costs, legal liability arising out of the hire and continuing hire charges. Benefit Cover is All Risks; whilst the plant is stored at the clients own premises, transit between the premises and the place of use, whilst being used as a tool of trade or on exhibition or demonstration and transit back to the client s premises. Cover can be included for plant hired in, plant hired out, for continuing hire charges which may arise as a result of loss or damage and third party liability. All plant which is used for contracting and mining activities can be insured. For example: portable welding sets, mobile compressors, graders, bulldozers, trench diggers, dump trucks, front-end loaders, drilling rigs, mechanical shovels, mobile cranes, draglines, etc. CONTRACT ALL RISKS Comprehensive all risks cover intended for the erection of anything from private houses, cluster homes, small blocks of flats up to large projects such as sugar mills, power stations, refineries and the like. It can readily be seen that this type of insurance is often complicated, requiring the attention of a number of experts in both the fields of and Marine insurance. The Company will provide this expertise and assistance in arranging a complete package that will be tailor-made to suit the client s requirements Civil, electrical and construction contractors Principal, the new home/dwelling owner, contractors and sub-contractors Renovations or extensions to construction Pipe / sewerage reticulation Offices, warehouses, shopping malls Small projects

DISMANTLING, TRANSIT AND ERECTION This policy is designed for single operation or a

It can be used for a one off risk or it can be used for continuing annual risks but the

air-conditioning, lifts and elevators etc.

physical loss of or damage to machinery and plant arising from mechanical/electrical

replacement (or cash in lieu) of machinery or plant having suffered loss or damage.

collapse of bearings; puncture or breakdown of insulation; open circuits or flashover;

non-operation or faulty operation of protective devices, excessive stresses or fatigue,

balance, alignment or adjustment and impact.

sports club costing a few hundred rands, up to the boilers and turbines operating at the

3 DISMANTLING, TRANSIT AND ERECTION This policy is designed for single operation or a combination of operations. It can be used for a one off risk or it can be used for continuing annual risks but the important point to bear in mind is that cover is applied strictly to only plant and machinery. This sort of cover is ideal for the small contractor who supplies plant and machinery to industry. The plant can be refrigeration equipment, boiler installations, electrical installation, air-conditioning, lifts and elevators etc. MACHINERY BREAKDOWN Machinery Breakdown (MB) covers sudden accidental and unforeseen physical loss of or damage to machinery and plant arising from mechanical/electrical breakdown, whilst in operation, at rest, or during resighting or re-erection, at the client s premises. The Policy will indemnify the insured for the costs of repair, reinstatement or replacement (or cash in lieu) of machinery or plant having suffered loss or damage. A few examples;- Collapse of boilers; breakage of shafts, gearing, connecting rods; collapse of bearings; puncture or breakdown of insulation; open circuits or flashover; electrical surge or overpressure; internal overheating etc, and also damage caused by non-operation or faulty operation of protective devices, excessive stresses or fatigue, defective material or design or incorrect assembly; inadequate lubrication, faulty balance, alignment or adjustment and impact. Machinery breakdown policies are designed to cater for anything from the bar fridge at the sports club costing a few hundred rands, up to the boilers and turbines operating at the latest power stations valued in hundreds of millions of rands. The range of industries served are numerous. Coal, gold, paper, citrus, sugar, chemical, timber, wine and steel are a few of the many. To name every different type of machine is impossible but the following list should give a good idea of what is normally insured: Motors, generators, transformers, switchboards, switch gear, cabling, boilers, turbines, engines, compressors, refrigeration plant, fans, blowers, lifts, cranes, presses, printing machinery machines tolls, process plant, etc.

LOSS OF PROFITS Loss of gross profit, loss of revenue or increased costs of working, arising form loss or damage insured under the

To achieve continuous production, processes vital to manufacturing is dependent on various factors such as the product, or any

It is vital that insured s make provision for interruption of or interference with the business in consequence of sudden unforeseen

Taking electricity as the example, there could be high tension switch gear, transformers, low tension switch gear, cabling and

4 LOSS OF PROFITS Loss of gross profit, loss of revenue or increased costs of working, arising form loss or damage insured under the Machinery Breakdown Policy. To achieve continuous production, processes vital to manufacturing is dependent on various factors such as the product, or any combination of electricity, steam, gas, water or compressed air. It is vital that insured s make provision for interruption of or interference with the business in consequence of sudden unforeseen physical damage occurring in respect of plant and machinery. Taking electricity as the example, there could be high tension switch gear, transformers, low tension switch gear, cabling and electrical distribution boards throughout the premises. Failure of this equipment, particularly the high/ low tension switch gear and the transformer, will halt production completely. The next step is to draw up a production flow chart showing the process of manufacture. This will highlight the danger areas and will serve to pin-point the essential machinery and should form the basis of the loss of profits policy.

DETERIORATION OF STOCK Primarily, this type of insurance is an extension to the

The cover is restricted to deterioration of perishable commodities which by their

condition Cover can include Loss of refrigerant, depending on the type of

Stock in process, can be accommodated. Contents of refrigerated trucks.

comprehensive policy or from shortage of fuel of the carrying vehicle.

Under this policy the extension is on an all risks basis but restricted to failure

Packing materials that can be damaged arising form deterioration of the product.

5 DETERIORATION OF STOCK Primarily, this type of insurance is an extension to the Machinery Breakdown Policy. The cover is restricted to deterioration of perishable commodities which by their very nature require a controlled environment to retain its normal marketable condition Cover can include Loss of refrigerant, depending on the type of refrigeration apparatus, stock can be damaged by the cooking medium, i.e. brine, ammonia and certain types of Freon gas. Stock in process, can be accommodated. Contents of refrigerated trucks. This extension excludes any losses arising from damage covered under a motor comprehensive policy or from shortage of fuel of the carrying vehicle. Failure of electricity supply. Under this policy the extension is on an all risks basis but restricted to failure of the municipal supply. Packing materials that can be damaged arising form deterioration of the product. Disposal costs associated with the deteriorated stock. On the underlying machinery breakdown policy, all electrical or mechanical equipment associated with the process of creating a controlled environment. Stock. This can comprise meat, fish, fruit, vegetables, wine, vaccines, etc.

The basic policy can be extended to cover increase cost of workings and reinstatement of data and losses arising from the failure

Benefit The cover combines all facets of fire, accident and machinery breakdown policies i.e. fire, explosion, lightning, storm,

under-voltage, short circuit, smoke, soot, humidity, etc.

s premises needing repair, replacement or reinstatement.

installations, electronic accounting and invoicing machines, data-recording and evaluating equipment, telephone systems, telex and

6 COMPUTER AND ELECTRONIC EQUIPMENT Insuring loss of or damage to computer and electronic data processing equipment and associated ancillary equipment on an All Risks basis. The basic policy can be extended to cover increase cost of workings and reinstatement of data and losses arising from the failure of electricity supply and Telkom land lines. Benefit The cover combines all facets of fire, accident and machinery breakdown policies i.e. fire, explosion, lightning, storm, flood, impact, theft, malicious damage, malfunction, negligence, operational error, burglary, breakdown, over-voltage, under-voltage, short circuit, smoke, soot, humidity, etc. It is essentially an accident insurance covering losses which arise suddenly and unforeseeable to equipment insured on the client s premises needing repair, replacement or reinstatement. Examples of equipment that can be insured: laptops, palmtop computers, mini computers, micro computers, large computer installations, electronic accounting and invoicing machines, data-recording and evaluating equipment, telephone systems, telex and teleprinter installations and metallurgical analysis apparatus. CONTRACTORS LIABILITY In terms of contractual obligations, contractors are expected to provide some form of direct coverage for any liability incurred as a result of their operations. The purpose of these coverage is to protect the contracting party from liability in connection with operations being carried out. Garden services, office cleaning Contracts when the liability value exceeds the contract value

a combined policy is a policy containing

guarantee, Plant all risk and personal /

and trailers Office Contents Theft Glass

7 ZONKE POLICY A one stop insurance shop for engineering clients involved in the Industry. Zonke a Zulu word meaning everything is a combined policy is a policy containing Contractors all risk, Performance guarantee, Plant all risk and personal / commercial asset protection. Zonke is the ideal insurance package solution for all engineering contractors and engineering companies. Zonke summary Contracts All Risk Plant All Risk Performance Guarantee Comprehensive Asset protection Vehicles and trailers Office Contents Theft Glass Goods in Transit Money Electronic Equipment Business All Risks Construction Tools Mobile Phones Laptops General and Tenants Public Liability Employers Liability Stated Benefits Obtaining a quotation Quotations are available Online: terrazo@aum.co.za Phone: 0861 TERRAZO/ Fax: INFORMATION Policy documentation Upon receipt of the completed and signed proposal form and debit order authority, the policy schedule, wording and important information will be ed to you. Who do I contact Keith Barlow-Jones (Divisional Specialist) keith@aum.co.za

8 Attitude is Everything o Risk Solutions (Pty) Ltd is an approved financial service provider : FSP No Registration Number: 2002/003559/07 VAT Number

Construction Insurance

Construction Insurance Product overview All construction, erection and installation work contain an element of risk, whether created by the nature of the work to be carried out, by the contractual liability