Special Points
- Constructional plant and equipment such as site offices, site power generating equipment, scaffolding, air compressors, welding equipment, concrete silos and mixers may be included, in a separate sum insured representing the new replacement value of such equipment.
- Construction Machinery. Defined as all "plant and machinery" which renders its service only when moving and under control of an operator e.g. cranes, bulldozers, excavators, graders, loaders, pile driving & pile extracting units, trucks/lorries, site railways, concrete pumping plant. When on site, construction machinery may be insured under the policy. In such cases a complete list of these items showing the new replacement values is to be appended to the policy.
- Debris clearance. The cost of debris removal following an accident is part of the claim under the policy to the extent that it is necessary before repairs may be put in hand. General debris removal costs for site clearance may be insured as a separate item under the policy.
- Expediting. The insurance may be extended for additional premium to cover the extra cost of overtime rates of wages, express delivery, air freight, etc. in connection with repairs or replacements indemnifiable under the policy.
- Insured's surrounding property. When the insurance includes the interest of the purchaser and involves extensions to or work adjoining existing premises, there is a risk of such premises and their contents being damaged as a result of accidents arising out of the construction operations.
- Temporary works. Works constructed by the Insured on site to facilitate construction of the permanent contract works including coffer dams, shuttering, temporary diversions of waterways, etc. are exposed to the same hazards as the contract works. These temporary works may also be insured and the sum insured should be suitably increased to include their value.
- Third Party liability. Where the contract wording stipulates that the insurance is to be for joint interests (principal, contractor and subcontractors) the third party insurance is granted to each party separately. This allows one insured party to take action against another and seek indemnity under the policy. However, persons occupied on the construction site are not covered under the policy against accidents at work if they are or could have been insured under Workmen's Compensation and/or Employer's Liability insurance.
- Maintenance. Section I of the policy can be extended to cover, to a certain extent, loss of or damage to the construction/erection works occurring during this period.