慕尼黑再保险安装工程一切险

慕尼黑再保险安装工程一切险ContractorsAll Risks Insurance Whereas the Insured named in the Schedule hereto has made to ACE Insurance a XI I -ii I I I _L ・ a theLimited (hereinafter called “the Insurers ”a) written proposal by completingQuestionnaire which together with any other statements made in writing by Insured for the purpose of this Policy is deemed to be incorporated herein. Now this Policy of Insurance witnesses that subject to the Insured having paid to theInsurers the premium mentioned in the Schedule and subject to the terms, exclusions,provisions and conditions contained herein or endorsed hereon the Insurers indemnifythe Insured in the manner and to the extent hereinafter provided. willGeneral ExclusionsThe Insurers will not indemnify the Insured in respect of loss, damage liability directly orindirectly caused by or arising out of or aggravated byor(a) war, invasion, act of foreign enemy, hostilities (whether war be declared or not), civilwar, rebellion revolution, insurrection, mutiny, riot, strike, lock-out, civil commotion,military or usurped power, a group of malicious person or persons acting on behalf of orin connection with any political organization, conspiracy, confiscation, commandeering,requisition or destruction or damage by order of any government de jure or de facto orby any public authority; (b)nuclear reaction, nuclear radiation or radioactive contamination; (c)wilful act or wilful negligence of the Insured or of his representatives; (d) cessation of work whether total or partial.In any action, suit or other proceeding where the Insurers allege that by reasonof the provisions of Exclusion a) above any loss, destruction, damage or liability is not coveredby this insurance the burden of proving that such loss, destruction, damage or liability iscovered shall be upon the Insured.Period of CoverThe liability of the Insurers shall commence notwithstanding any date to the contrary specified in the Schedule, directly upon commencement of work or after the unloading of the terms entered in the Sched ule at the site. The Insurers 'liability expires for parts of the Insured contract works taken over or put into service. At the latest the insurance shall expire on the date specified in the Schedule. Any extensions of the Period of Insurance are subject to the prior written consent of the Insurers.5.General ConditionsThe due observance and fulfillment of the terms of this Policy in so far as they relate to anything tobe done or complied with by the Insured and the truth of the statements and answers in thequestionnaire and proposal made by the Insured shall be a condition precedent to any liability of the Insurers.The Schedule and the Sections(s) shall be deemed to be incorporated in and form part of thisPolicy and the expression “this Policy ” wherever used in thiscontract shall be read as including the Schedule and the Section(s).Any word or expression to which a specific meaning has been attached in any part of this Policy or of the Schedule or of the Section(s) shall bear such meaning wherever it may appear.The Insured shall at his own expense take all reasonable precautions and comply with allreasonable recommendations of the Insurers to prevent loss, damage or liability and comply withstatutory requirements and manufacturers recommendations.Representatives of the Insurers shall at any reasonable time have the right to inspect andexamine the risk and the Insured shall provide the representatives of the Insurers with alldetails and information necessary for the assessment of the risk.The Insured shall immediately notify the Insurers by telegram and in writing of any materialchange in the risk and cause at his own expense such additional precautions to be taken ascircumstances may require, and the scope of cover and/or premium shall, if necessary, beadjusted accordingly.No material alteration shall be made or admitted by the Insured whereby the risk is increased, unless the continuance of the insurance is confirmed in writing by the Insurers.In the event of any occurrence which might give rise to a claim under this Policy, the Insured shall a) immediately notify the Insurers by telephone or telegram as well as in writing, giving anindication as to the nature and extent of loss or damage;1. 2. 3. 4. a) b)b) take all steps within his power to minimize the extent of the loss or damage;5. preserve the parts affected and make them available for inspection by arepresentative or surveyor of the Insurers;furnish all such information and documentary evidence as the Insurers may require;inform the police authorities in case of loss or damage due to theft or burglary.The Insurers shall not in any case be liable for loss, damage or liability of which no notice has been received by the Insurers within fourteen (14) days occurrence.Upon notification being given to the Insurers under this condition, the Insuredmay carry out the repairs or replacement of any minor damage; in all cases arepresentative of the Insurers shall have the opportunity of inspecting the loss or damage before any repairs or alterations are effected. representative of theInsurers does not carry out the inspection within a period of time which could beconsidered adequate under the circumstances, the Insured is entitled to proceed with the repairs or replacement.The liability of the Insurers under this Policy in respect of any item sustaining damage shall cease if said item is not repaired properly without delay.The Insured shall at the expense of the Insurers do and concur in doing and permit to be done allsuch acts and things as may be necessary or required by the Insurers in the interest of any rights or remedies, or of obtaining relief or indemnity from parties (other than those insured under this Policy) to which the Insurers are or would become entitled or which is or would be subrogated to them upon their paying for or making good any loss or damage under this Policy, whether such acts and things are or become necessary or required before or after the Insured ' sindemnification bhyetInsurers.If any difference arises as to the amount to be paid under this Policy(liability being otherwise admitted), such difference shall be referred to the decision of an arbitratorto be appointed in writing by the parties in difference or, if they cannot agree upon a singlearbitrator, to the decision of two arbitrators, one to be appointed in writing by each of the parties within one (1) calendar month after having been required in writing so to do by either of the parties, or, in case the arbitrators do not agree, of an umpire to be appointed in writing by the arbitrators before the latter enter upon the reference.The umpire shall sit with the arbitrators and preside at their meetings. The making of an award shall be a condition precedent to any right action against the Insurers.c) d) e)of itsotherIf a 6. 7.If a claim is in any respect fraudulent, or if any false declaration is made or used insupport thereof, or if any fraudulent means or devices are used by the Insured or anyone acting on his behalf to obtain any benefit under this Policy, or if a claim is made and rejected and no action or suit is commenced within three (3) months after such rejection or, in the case of arbitration taking place as provided herein, within three (3) months after the arbitrator or arbitrators or umpire have made their award, all benefit under this Policy shall be forfeited.If at the time any claim arises under the Policy there is any other insurance covering the same loss, damage or liability, the Insurers shall not be liable to pay or contribute more than their rateable proportion of any claim for such loss, damage or liability.8. 9.Section I -Material DamageThe Insurers hereby agree with the Insured that if at any time during the period of cover the items or any part thereof entered in the Schedule shall suffer any un foresee n and sudde n p hysical loss or damage from any cause, other tha n those sp ecifically excluded, in a manner n ecessitat ing rep air or repl aceme nt, the In surers will indemnify the In sured in res pect of such loss or damage as here in after p rovided by p ayme nt in cash, repl aceme nt or rep air (at their own op ti on) up to an amount not exceeding in respect of each of the items specified in the Schedule the sum set oppo site thereto and not exceedi ng in any one eve nt the limit applicable and not exceeding in all the total sum expressed in sured hereby.The Insurers will also reimburse the Insured for the cost offollow ing upon any eve nt giv ing rise to a claim un der this Policy p rovided a sep arate sum therefore has bee n en tered in the Schedule. Sp ecial Exclusi ons to Secti on IThe In surers shall not, however, be liable forbreakdow n or dera ngeme nt an accide nt occurs caus ing exter nal damage, such conseque ntial damage shall be indemn ifiable;loss of or damage to vehicles licensed for general road use or waterbor ne vessels or aircraft; loss of or damage to files, draw in gs, acco un ts, bills, curre ncy, sta mps, deeds,evide nces of debt, no tes, securities, cheques;of indemnity where in the Schedule as clearanee of debris (a)(b)(c)(d) the deductible stated in the Schedule to be borne by the In sured in any one occurre nee; con seque ntial loss of any kind or descri pti on whatsoever in cludi ng pen alties, losses due to delay, lack of p erforma nee, loss of con tract; loss or damage due to faulty desig n; the cost of repl aceme nt, rep air or rectificati onof defective material but this exclusion shall be limited to the items and shall not be deemed to exclude loss of or executed itemsresulting from an accident due to an d/or workma nshi p,immediately affecteddamage to correctly(e)such defective material an d/or workma nshi p;wear and tear, corrosi on, oxidati on, deteriorati on due to lack of useand no rmal atmos pheric con diti ons;loss breakage lubricati on or damage due to electrical or derangement,freezing or lack of oil or coolant, or mechanical breakdown, failure, of coolant or other fluid, defective but if as a consequenee of such (g)(h)loss or damage discovered only at the time of tak ing an inven tory. Provisi ons Applyi ng To Secti on IMemo 1 - Sums In sured : It is a requireme nts of this in sura nee that the sums in sured stated in the Schedule shall not be less tha nthe full value of the con tract works at the compi eti on of the construction, inclusiveof all materials, wages, freight, customs duties, dues and materials oritems supp lied by the Pri ncip al;and the In sured un dertakes to in crease or decrease the amounts of in sura nee in the eve nt of any material fluctuati on in wages or p rices p rovided always that in crease ordecrease shall take effect only after the same has bee n recorded on the Policy by the In surers.If, in the eve nt of loss or damage, it is found that the sums in sured are less tha n the amounts required to be in sured, the n the amount recoverable by the In sured un der this Policy shall be reduced in such proportion as the sums insured bear to the amounts required to be in sured. Every object and cost item is subject to this con diti on sep arately.Memo 2 - Basis of Loss Settleme nt:In the eve nt of any loss or damage the basis of any settleme nt un der this Policy shall bein the case of damage which can be rep aired - the cost of rep airs necessary torestore the items to their conditions immediately before the occurre nee of the damage less salvage, orin the case of a total loss - the actual value of the items immediately before theoccurre nee of the loss less salvagehowever, only to the extent the costs claimed had to be borne by the Insured and to the extent they are include in the sums insured and provided always that the provisions and conditions have been complied with. (i) for Item 1: for Item 2 and 3: the replacement value of construction plant, equipment con structi on machi nery which shall mea n the cost of repl acement of the insured items by new items of the same kind and cap acity; andsamesuch(a) (b)The Insurers will make payments only after being satisfied by production of the necessary bills and documents that the repairs have been effected or replacement has taken place, as the case may be. All damage which can be repaired shall be repaired, but if the cost of repairing any damage equals or exceeds the value of the items immediately before the occurrence of the damage, the settlement shall be made on the basis provided for in (b) above.The cost of any provisional repairs will be borne by the Insurers if such repairs constitute part of the final repairs and do not increase the total repair expenses.The cost of any alterations, additions and/or improvements shall not be recoverable under this Policy.Memo 3 -Extension of Cover: Extra charges for overtime, nightwork, work onpublic holidays, express freight are covered by this insurance only if previously and specially agreed upon in writing.4.Section II -Third Party LiabilityThe In surers will indemnify the In sured up to but not exceedi ng the amounts sp ecified in the Schedule aga inst such sums which the In sured shall become legally liable to pay as damages con seque nt uponaccide ntal bodily injury to or ill ness of third p arties (whether fatal or no t), accide ntal loss of or damage to prop erty bel onging to third p artiesoccurri ng in direct conn ecti on with the con structi on or erectio n of the items in sured un der Section I and happening on or in the immediate vici nity of the site duri ng the Period of Cover. In respect of a claim for compen sati on to which the indemnity p rovided here in app lies, the In surers will in additi on indemnify the In sured aga inst(a)all costs and expenses of litigation recovered by any claimant from the In sured, and (b) all costs and expen ses in curred with the writte n consent of the In surers, p rovided always that the liability of the In surers un der this secti on shall not exceed the limits of in dem nity stated in the Schedule.Sp ecial Exclusi ons to Secti on IIThe In surers will not indemnify the In sured in respect ofCon tractor(s) or the Princip al(s) or any other firm conn ected with the project which or part of which is insured under SectionI, or members of their families; (a)(b) 1.2.3. the deductible stated in the Schedule to be borne by the In sured in any one occurre nee; the expen diture in curred in doing or redo ing or making good or rep airi ng or replacing any thi ng covered or coverable un der Section I of this Policy;damage to any prop erty or land or buildi ng caused by vibrati on or bythe removal or weakening of support or injury or damageproperty occasioned by or resulting from any suchesp ecially agreed upon by en dorseme nt); liability con seque nt upon a) bodily injury to or illness of empioyees or to any person or damage (uni ess workmen of theSpecial Conditions Applying to Section IINo admission, offer, promise, payment or indemnity shall be made or given by or on behalfof the Insured without the written consent of the Insurers who shall be entitled, if they so desire, to take over and conduct in the name of the Insured the defence or settlement of any claim or to prosecute for their own benefit in the name of the Insured any claim for indemnity or damages or otherwise and shall have full discretion in the conduct of anyproceedings or in the settlement of any claim and the Insured shall give all suchinformation and assistance as the Insurers may require.The Insurers may so far as any accident is concerned pay to the Insured the limit ofindemnity for any one accident (but deducting therefrom in such case any sum or sumsalready paid as compensation in respect thereof) or any lesser sum for which the claim or claims arising from such accident can be settled and the Insurers shall thereafter be under no further liability in respect of such accident under this section.b) c)d) loss of or damage to property belonging to or held in care, custody or controlof the Contractor(s), the Principal(s) or any other firm connected with the projectwhich or part of which is insured under Section I, or an employee or workman ofone of the aforesaid;any accident caused by vehicles licensed for general road use or by waterborne vessels or aircraft; any agreement by the Insured to pay any sum by way of indemnity orotherwise unless such liability would have attached also in the absence of suchagreement.1. 2.Name Of In sured: Address Of In sured: Title Of Con tract: Site of Con structio n:Period of In sura nee: From(Subject to the p rovisions concerning P eriod of Cover) (Inclusive of extra prem iums for the endorsements contained herein or endorsed hereon)SECTION I -MATERIAL DAMAGERiskLimits of In dem nity 1 DeductiblesEarthquake, volca nism tsun amiScheduleToTotal Premium: S$In sured Items Sum In sured Deductibles1. Con tract Works (P ermanent andtemporary works, including all materialsto be incor po rated herein)1.1 Co ntract Price1.2 Materials or items supplied by the Pri ncip al(s)2. Con struction Pla nt &Equipment3. Con structi on Machinery(according to attached list)4. Cleara nee of DebrisTotal Sum In sured un der Section I:Storm, cyclone, flood, inun dati on,Ian dslide1 Limit of Indemnity in respect of each and every loss or damageand /or series of losses arising out if any one eventSECTION II -THIRD PART Y LIABILITYIn sured Items Limits of In dem nity 2 Deductibles1. Bodily Injury1.1 Any one p ers on1.2 Total2. Prop erty Damageseries of accidents arising out if any one eventThe follow ing en dorseme nts are attached to and form part of this Policy:The follow ing Memora nda are attached to and form p art of this Policy:Memora ndaIt is hereby declared and agreed that :-Memora ndum 1It is hereby declared and agreed that Gen eral Con diti on (5) Loss Notificati on of the Policy shall be ame nded from 14 days to 30 days.Memora ndum 2Sp ecial Exclusi ons No (e) to Section 1 is deleted and repl aced by the follow in g:- “wearand tear, corrosion, oxidation, deterioration due to lack of use and normal atmospheric conditions, but this exclusion shall not apply to subsequent loss or damage to Prop erty In sured occasi oned from p erils referred to in this exclusi on.Memora ndum 3Section II -Third Party Liability, third p aragra ph of op erative clause is deleted and replaced by the following:- “ occurring in connection with the c onstruction or erection of the items in sured un der Section I and happening on or in the immediate vici nity of the site and any where within the Territorial Limit stated in the Policy Schedule, excludi ng USA, Can ada and Australia duri ng the Period of Cover. ” Memora ndum 4Policy Schedule, Section Irepl aced by the follow in g:- temp orary buildi ngs, in cludi ng all materials to be incorpo rated here in). Memora ndum 5Empio yer, Con sulta nts and their authorized rep rese ntative and empio yees, Gover nment and Statutory Board empio yees shall be regarded as third p arties. Memora ndum 6All deductibles and excesses stated in the Policy Schedule shall be borne by the Con tractor -Material Damage, In sured Items No. (1) is deleted and “ 1. Con tract Works (Perma nent and temp oraryThe followi ng En dorseme nts / Clauses are attached and form part of this Policy Section 1 - Material Damage50/50Upon their arrival at the Con tract Site goods are to be insp ected by the In sured for po ssible damage in curred duri ng tran sit. In the case of p acked goods which are to be left in their p ack ing un til a later date the p ack ing is to be visually insp ected for sig ns of po ssible damage. If any sig n of damage is visible the goods are to be unp acked immediately and insp ected any damage discovered is excluded here un der.Where the p ack ing of goods mani fests no sig n of damage to the goods hav ing bee n in curred dur ing tran sit any damage to the goods which becomes mani fest upon their unp ack ing withi n the p eriod allowed will be ascribed to the Marine cover or the Con tractors' All Risks cover accord ing to whether it clearly was caused before or after arrival of the goods at the Con tract Site. Where it is not po ssible to establish whether the damage was caused before or after arrival of the goods at the Con tract Site it is agreed that settleme nt will be made 50/50 by the Marine cover and the Con tractors' All Risks cover.Approved Adjusters ClauseIt is hereby declared and agreed that in the eve nt of any loss covered by this Policy, the amount of such loss shall be adjusted subject to the terms and con diti ons of the Policy by any of the followi ng firms of adjusters :- 1) Crawford & Company In ternatio nal Pte LtdAutomatic Rei nstateme nt of LossIt is un derstood and agreed that in the eve nt of a claim being p aid un der the Policy the amount so claimed will automatically be rein stated by the p ayme nt of an additi onal premium.Provided that the amount rei nstated will only apply to losses occurri ng after the date of rei nstateme nt and not to losses occurri ng p rior thereto. Subject otherwise to the terms exce pti ons and con diti ons of this Policy.Cost of Temporary Protect ionThe company agrees that upon the happening of any events giving rise to a claim here un der the company, will indemnify the In sured in res pect of the cost of temporary shutteri ng, board ing up an d/or other p rotecti on reas on ably n ecessary for the safeguard ing of the p remises an d/or contents pending repl aceme nt p rovided that thetotal liability of the company duri ng any one p eriod of in sura nee for such cost shall be limited to the sum in sured sp ecified in the schedule p rovided p rior no tificati on is give n.Cost of Reco mp ili ng Records and Claims Prep arati on (Limitand in aggregate) This in sura nee hereby exte nds to cover the follow ing for an amou nt not exceed ingcosts of comp il ing records but only for the value of the materials used together with the costs forclerical labour expen ded in pr oduc ing such records andreas on able charges in curred by the In sured for pr oduc ing and certify ing any in formati onas may be required by the Company under the terms of General Condition II of the P olicy. Desi gn er's Risks (result ing damage only)It is agreed and un derstood that otherwise subject to the terms, exclusi ons, p rovisi ons and con diti ons contained in the Policy or en dorsed there on and subject to the In sured having paid the agreed extra premium, exclusion c under Special Exclusions to Section 1 of the Policy shall be deleted and exclusion d replaced by the following wordi ng: "(d) The cost of repl aceme nt, rep air or rectificati on of loss of or damage to items due to defective material an d/or workma nshi p an d/or faulty desig n, but this exclusi on shall be limited to the items immediately affected and shall not be deemed to exclude loss of or damage to correctly executed items resulting from an accident due to such defective material an d/or workma nshi p an d/or faulty desig n." Employees' Personal Effects And ToolsIt is hereby un derstood and agreed that the indemnity un der Section I of this Policy shall be extended to include Loss or Damage to personal effects and tools of the empio yees en gaged for this con tract.The liability of In surer(s) shall not exceed _________ (after app licati on of the amount sp ecified in (a) below) in respect of any one empio yee.The In surer(s) shall not be liable for:the first US$100.00 of all costs and each Eve ntloss or damage which occurs other the n at the site of the Project or work ing area or in transit thereto or therefrommotor vehicles, p recious metals, p recious stones or articles made therefrom or money. Escalati onIf duri ng the Period of In sura nee, the repl aceme nt cost of the con tract works shall be -S$ each and every loss(b) a) b) c)in excess of the Estimated Con tract Price the n the Sum In sured on Item 1 shall bein creased by the amount of such excess but not exceedi ng in all _ % of the SumIn sured on Item 1 as show n in the Schedule.Extra Charges For Overtime, Night Work, Work On Public Holidays, and Express FreightIt is agreed and un derstood that subject otherwise to the terms, exclusi ons, p rovisi ons and con diti ons contained in the Policy or en dorsed there on, this in sura nee shall be exte nded to cover extra charges for overtime, ni ght work, work on p ublic holidays and exp ress freight (excludi ng airfreight).Provided always that such extra charges are in curred in connection withrei nstateme nt, repl aceme nt or rep air to followi ng any loss of or damage to the in sured items recoverable un der the Policy.If the sum(s) in sured of the damage item(s) is/are less tha n the amoun t(s) required to be in sured, the amount p ayable un der this en dorseme nt for such extra charges shall be reduced in the same prop orti on.Extra Charges For AirfreightIt is agreed and un derstood that otherwise subject tot he terms, exclusi ons, p rovisi ons and con diti on contained in the Policy or en dorsed there on, this in sura nee shall be extended to cover extra charges for airfreight. Provided always that such extra charges are in curred in connection with any loss of or damage to the in sured items recoverable un der the Policy.Limit of Indemnity : ____________ (in respect of “ ExtraCharges for Overtime, NightWork, Work on Public Holidays, and Express Freight "and “Extra Charges for Airfreight ")Exte nded Maintenance CoverIt is agreed and un derstood that otherwise subject to the terms, exclusi ons, p rovisi ons and con diti ons contained in the Policy or en dorsed there on, this in sura nee shall be exte nded for the maintenance p eriod sp ecified here un der to cover loss of or damage to the con tract works.caused by the in sured con tractor(s) in the course of the op erati ons carried out for the purpose of complying with the obligations under the maintenance p rovisi ons of the con tract.occurri ng dur ing the maintenance p eriod p rovided such loss or damage was causedon the site duri ng the con struct ion p eriod before the certificate of compi eti on for thelost or damaged sect ion was issued.Maintenance cover From toCo-i nsura nee ClauseIN CONSIDERATION of the In sured named in the Schedule hereto having paid or agreed to pay the p remium set forth in the said Schedule to the In surers who have here unto subscribed their Names (here in after referred to as "the Company")THE COMPA NY HEREB Y SEVERALL Y AGREE each for the prop ortion set agai nst its n ame to indemnify the In sured or the In sured's Legal Personal Rep rese ntatives by p ayme nt or at the op ti on of the Company by rein stateme nt rep air or repl aceme nt in accordanee with the terms, and conditions contained hereunder or endorsed here onPROVIDED THAT1. the liability of the Company shall not exceed the limits of liability exp ressed in thesaid Schedule or such other limits of liability as may be substituted therefor by memora ndum here on or attached hereto sig ned by or on behalf of the Company.2. the liability of each of the Company individually in respect of such loss shall be limited to theprop orti on set aga inst its n ame.It is further declared and agreed that any referenee to American Home Assuranee Company duri ng the p eriod of in sura nee shall be deemed to refer to the Companies men ti oned below for their resp ective rights and in terests and liabilities each for its own prop orti on of the risk as show n below and not one for ano ther.In wit ness whereof the un dersig ned being duly authorized by the Companies and on behalf of the Companies have here unto set their han ds.Free Issue MaterialsProp erty In sured shall in elude any materials which are supp lied free of charge and for which the Insured is liable for Damage provided that the Insured shall declare the value of such materials for premium adjustme nt purpo ses.。