QUOTATION
SLIP
NO.
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TYPE
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CONSTRUCTION,
ERECTION ALL RISK AND THIRD PARTY LIABILITY INSURANCE
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FORM/WORDING
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Munich-Re Wording +
Clauses
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INSURED
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PT.
______________ as Principal and/or PT. ________________as Main
contractor and/or Sub-Contractors and/or any other participants involved in
the realization of the project, all for their respective rights and interest.
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ADDRESS
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PERIOD
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As advised
(Both days inclusive
at 12.00 noon local time)
Plus 4 (four) weeks
testing period and 12 (twelve) months maintenance period thereafter
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WORK/PROJECT/LOCATION
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The design, supply, installation,
construction, erection, Piling, cabling, soil works and foundation including
all testing and commissioning of “______________________________”
and all other facilities/works
connected therewith comprising of the entire contract works and/or
installation and/or part and/or preparatory and/or auxiliary works of any
kind and/or description and/or temporary works as well as permanent and all
materials incorporated therein including property constructed, erected,
supplied, installed, repaired, revised including all testing and/or
commissioning as acquired.
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INTEREST INSURED
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Section I – Material Damage
Construction and
Erection All Risk
All Risk on
Contract-Works
1.
On
the whole of the site formation of contract-works (as above mentioned in the
heading “the project”) including but not limited to Civil Works, Soil Works, Erection
of Machineries and Parts fixtures-fittings cable piping etc. temporary works, formwork, scaffolding,
props and the like, contract consumables, and all materials incorporated
and/or to be incorporated therein including the complete reconstituting of
contract records, media, core samples and the like, architects’, engineers’,
and surveyor’ fees, owner supplied materials and equipment, on for which they
are responsible whilst on the site of work and/or materials for the purpose
of contract stored on the site of work, temporary buildings, camp buildings
and all other site building and their contents, removal of debris, expediting
expenses including all increased cost of working, employees’ effects,
including any work of reconstruction, rectification or repair of any of the
aforementioned property insured the property of the assured on for which they
are responsible whilst on the site of work and/or materials for the purpose
of the contract stored on the site of work including the Contractor’s and/or
Sub–Contractors plant and machinery and equipment.
2.
Existing structures and
improvements including building and ancillary structures and all other
structures and improvements intended to be maintained and all other materials
where those properties belonging to or held in care, custody or controlled by
the Insured.
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LOCATION OF RISK:
__________________________________________
Section
II – LIABILITY TO THE THIRD PARTIES
Third Party
Liability against for which the Insured shall become legally liable to pay
consequent upon accidental death and/or bodily injury to third party and/or
accidental loss and/or damage to third party’s property.
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SUM INSURED
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Ø Section I : IDR. ______________________
Ø
Section
II : Third Party Liability
Ø
Limit
of Liability : IDR. _______________________
Combined single
limit for anyone occurrence or series of occurrences arising out of the same
event and in the aggregate.
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DEDUCTIBLE
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SECTION I
Ø
For
all other causes : IDR. _____________ for any one loss or series of losses
arising out of the same events.
Ø
Act
of God : IDR. ________________ for any one loss or series of losses arising
out of the same events
SECTION II
1.
Bodily
injury and Accidental Death : NIL
2.
IDR.
_______________for any one loss or series of losses arising out of the same
event (on property damage only)
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EXTENSION CLAUSES AND CONDITIONS APPLICABLE
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1. 72 (seventy two) Hours Clause (for AOG only)
2. All Profesional Fees Clause
3. Architects’, Surveyors’ and Consulting Engineers’
Fees Clause
4. Automatic Reinstatement Clause (with Additional
Premium)
5. Average Relief Clause (85%)
6. Basis of Loss Settlement Clause
7. Claim Settlement Clause
8. Co-Insurance CLause
9. Contract Works Taken Over or Put into Service
Clause (MR. 116)
10. Cross Liability Clause (MR 002)
11. Deffered Premium Clause
12. Designer’s Risk Clause/Faulty Design Clause (MR.
115)
13. EDRC “A”
14. Escalation Clause (20% of Total Sum Insured)
15. Existing / surrounding property clause (MR. 119)
16. Expediting Expenses Clause
17. Extended Maintenance Cover Clause (MR. 004) – 12
Months
18. Extra Charges Clause (MR. 006)
19. Extra Contractual Obligation Exclusion Clause
20. Employer’s Liability Clause
“It is hereby noted and agreed
that this Policy shall extend any liabilty as a result of bodily injury
and/or property damage of the employees while they are working in the insured
premises”
21. Fire Extinguisher Cost Clause (10% of Total Sum
Insured)
22. Fire Brigades Charges Clause
23. Interest of Other Parties Clause
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24. Insured Consultant Clause
Notwithstanding anything contrary
within this policy, its is agreed that
all employees of the Principal who
are in charged to the Project, the
Insured’s Consultants and other
Professional Advisors shall be
deemed to be as Third Parties.
25. Goods in Storage Clause
26. Indonesian Jurisdiction Clause
27. Inland Transit and Storage Cover Clause
(MR 113 with limit IDR. 2.000.000.000,- a.o.l. and in the aggregate)
28. Loss Notification Clause (14 days)
29. Loss of Hire Charges Clause
30. Manufacturer’s Risk – MR 200
31. Nominated Loss Adjusters Clause
32. Notification Clause
33. Non Negligent Liability Clause 19.2 Amended :
It is agreed that the Insurance
by this section extends to include all sums which the Insured shall become
legally liable to pay in connection with the injury or damage to property
other than the Property Insured under Section I caused by collapsed,
subsidence, vibration, weakening or removal of support or lowering of ground
water arising out of or in the course of or by reason of the carrying out of
the Insured Contracts excepting damages.
i. attributable
to errors or omissions in the designing of
the work
ii.
which can be reasonably be foreseen to be inevitable
having regard to the nature of the work to be executed or the manner of its
execution arising from a nuclear risk or a war risk
34. Offsite Fabrication and Offsite Storage Clause (MR
013)
35. Outside Premises Storage Clause
36. Payment on Account Clause
37. Plans and Documents Clause
38. Prior Use Clause and/or Partial Occupancy Clause
and/or Completion Clause
39. Professional Fees Clause
40. Property Damage Clarification Clause
41. Prorate Additional Premium for Extension Period
42. Public Authorities Clause
43. Removal of Debris Clause (10% of TSI)
44. RSMDCC Endorsement as per DAI Wording Code 4.1 A +
CC
45. Special Conditions concerning Piling, Foundation
and Retaining Wall Works Clause
46. Terrorism Exclusion Clause – NMA 2920
47. Thirty (30) days Cancellation Clause
“Both the Insurer
and the Insured are entitled to terminate this insurance upon thirty (30)
days notice in writing being given. Such termination should be effected by
the registered letter and the Insured entitle to a pro-rata refund premium
for the un-expired period of Insurance”.
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48. Vibration, Subsidence Collapse, Weakening of
Support Clause
It is agreed that the insurance
by this section extends to include all sums which the Insured shall become
legally liable to pay in connection with damage to property other than
property insured under Section I caused by collapse, subsidence, vibration,
weakening or removal of support of lowering of ground water arising out of or
in the course of or by reason of the carrying out to the Insured contracts.
i. caused by
negligence, ommission or default to the contractor, his servants or agents or
any other of their co-contractors, Sub-contractors and Suppliers their
servants or agents
ii. Attributable
to errors or ommission in the designing of the work
49. Waiver of Subrogation Clause (against subsidiaries
only)
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COMBINED ANNUAL RATE
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PREMIUM COMPUTATION
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IDR. __________________ X ____% = IDR. ________________ |
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SECURITY
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1st Class Insurance Company |
Jakarta,
Signed
in and on behalf of
APPROVED
BY,
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