Energy

Fire represents one of the greatest hazards that an organization can encounter. Each year several thousands of lives are lost to fires, tens and thousands of people are injured, and huge amounts of financial losses are sustained due to destruction of property or damage by fires.

Every organization is exposed to the possibility of fire losses
irrespective of its nature and a fire loss can seriously hinder it from achieving its objectives or even totally destroy it.

We assist organizations in controlling their exposures to accidental
fire losses by offering insurance protection to pay for losses that cannot be
avoided, prevented or limited.

Available Covers
Our basic policy gives protection against loss or damage due to Fire and lightning on Building, Machinery, Stock, Contents, Furniture/Fixtures etc.

However, this policy can be extended to include additional covers such as:

• Riot & Strike Damage
• Malicious Damage
• Atmospheric Disturbance (Hail, Snow, Wind, Hurricane, Rain, Flood, Cyclone, Tornado etc.)
• Explosion
• Earthquake (Fire & Shock)
• Impact Damage
• Aircraft Damage
• Electrical Fire Damage
• Burglary

For the medium to the large sized business sector, our policies can be tailored to meet specific requirements resulting in a responsible insurance program designed just for your organization.

The New Hampshire Advantage

In addition to insurance protection, we provide risk management and loss control advice as a complementary service. Our experts will support you by identifying major hazards faced by your organization and suggesting solutions to minimize the impact of these hazards.

Business Interruption due to Fire
Business Interruption Insurance covers loss of profits of a business due to reduction in the turnover caused by a loss or damage that is covered in the Fire & Allied Perils policy.

The insurance includes cover for Increased cost of working following the loss as well as the standing charges of the business that continue even though business activities have come to a temporary halt.

Business interruption coverage is not sold separately. It is added to a Fire& Allied Perils insurance policy or included in a package policy.

Why BI Insurance is essential for competitive firms
Business interruption insurance can be vital to your survival as a competitive firm. If you conduct business in a very competitive industry where customers and suppliers could be lost within a short period of time, Business Interruption Insurance is essential. A business that has to close down completely while the premises are being repaired may lose out to competitors. A quick resumption of business after a disaster is essential.

While your building and equipment are being repaired or replaced, you still need a steady cash flow to meet expenses such as mortgages, taxes, salaries, utilities, insurances, etc.

Without business interruption insurance, both your business and personal savings may be needed to salvage or maintain the business. If these savings are not available, the business may never resume and could be forced into bankruptcy.

This coverage is especially important for Manufacturers, retailers & warehouse firms.

New Hampshire Industrial All Risk Policy offers wider cover than property covers written on a fire and allied perils basis. The main difference is in the way the cover is described. Under a fire and allied perils policy, the wording defines exactly what perils are covered. Under an IARI policy, everything is covered other than the exclusions, defined in the wording.

The policy covers insured properties againist unforeseen and sudden events.
Usually factories, power plants, building and office projects including workshop, machinery, equipment, material, goods, fuel, warehouse, premises or offices are covered under this insurance policy.
New Hampshire Industrial All Risk policies are usually available to especially large accounts.

Machinery Breakdown Insurance

Machinery Breakdown Insurance offers protection against sudden and unforeseen physical loss or damage to machinery, which has been erected and is operational or at rest.

Traditionally called boiler and machinery insurance, it covers loss resulting from the accidental breakdown of almost any type of equipment that operates under pressure or that controls, transmits, transforms, or uses mechanical or electrical power. Some common examples of such equipment are steam boilers and other pressure vessels; electrical generating and transmitting equipment; pumps, compressors, turbines, and engines; air
 
conditioning and refrigeration systems; production machinery used in manufacturing operations; and all types of electrically powered office equipment.

Scope of Cover:

Machinery Breakdown policies provide coverage against fortuitous working accidents, a machine’s tearing apart due to centrifugal force, short circuits, defects or faults in design, material or manufacturing and incorrect operation.

Loss of profits due to Machinery Breakdown Insurance

Similar to the Business Interruption due to Fire policy, Loss of Profits due to Machinery Breakdown Insurance covers the financial consequences of a Machinery Breakdown.

CONTRACTORS ALL RISKS (CAR)
Our Contractors All Risks insurance policies provide coverage for buildings and civil engineering projects against hazards which may threaten the works during construction, resulting in loss, or damage or destruction of materials, works in progress, construction plant and equipment and construction machinery. Construction of offices, buildings, hospitals, schools, factories, roads and bridges are just a few examples of where CAR can be applied.

ERECTION ALL RISKS (EAR)

The Erection All Risk Insurance policies cover the erection of individual machines or complete plants – ranging from complete
 
power stations to installation of lifts and air conditioning equipment. EAR policies provide a comprehensive cover to all types of projects involving erection works against accidental loss or damage to machinery and erection materials during storage, erection and testing / commissioning.

Scope of Cover:

Both of these policies protect you against accidents and damage caused by fire, lightning, explosions, earthquakes, landslides, typhoons, floods, short circuit (and other electrical causes), negligence, lack of skill, malicious acts, theft, and burglary.

Essentially, these policies provide cover on an all risks basis for physical loss or damage to the insured property, providing such loss or damage is of an unforeseen and accidental nature, and is not otherwise excluded from the scope of the policy.

Customized Coverage

Policies can be tailor-made to suit your requirements and protection needs. Large limits are available and coverage enhancements can be provided to include:

• Commissioning and Operational Testing
• Delay in Startup
• Third Party Liability
• Professional Fees, Expediting Expenses
• Transit and Off-site storage
• Maintenance Coverage
• Contractor's Plant and Equipment
• Advance Loss of Profits Insurance

It is a business income protection cover with the aim of covering the principal’s loss of gross profits resulting from a delay in completion of the construction or the erection works. This policy is not sold separately but as an extension of the CAR & EAR Policies.

Electronic Equipment Insurance

This policy offer coverage against all kinds of electronic equipment used in business environment such as transmitting and receiving installations, Computer systems, networks, TV, telecommunication equipment, EDP systems and equipment, electro-medical equipment, navigation and aviation facilities, meteorological equipment, equipment and machinery used for the purpose of scientific research.

Scope of Cover: 
Physical loss of or damage to the above mentioned equipment and machinery caused by such sudden and unforeseen risks as fire, explosion, direct and indirect lightning, short circuit, water, negligence made during operation period and all other risks not excluded by the Policy.