Contractor’s Plant & Equipment
 
 
 
 
This insurance is meant for plant and equipment used by Contractors at various contract sites. As generally the items insured are expensive machinery and plant it is necessary to ensure that the cover taken is proper. These Machinery and Plant include shovels, excavators, rollers and dumpers amongst others.

Oman Insurance Company Contractors' Plant & Machinery All Risks Insurance Policy covers the items (Plant and Machinery) when they suffer any unforeseen and sudden physical loss or damage from any cause not specifically excluded. Oman Insurance Company will indemnify the insured of such loss by payment in cash, replacement or repair.
 
 
 
The policy shall apply whether the insured items are at work or at rest, being dismantled for cleaning, in course of subsequent re-erection. However there are a number of exclusions where the company will not be liable such as:

The deductible which is to be borne by the insured.
 
Loss or damage due to:
 
Electrical or mechanical breakdown.
 
Net Profit
 
Replaceable parts & attachments.
 
Vehicles designed and licensed for general road use
 
Waterborne vessels or craft and total or partial immersion in tidal waters amongst others.
 
For exclusions you may refer to the policy wording.

The sum insured shall be equal to the cost of replacement of the insured items by new ones of the same kind and capacity, including cost of freight, customs duties and dues, if any, and cost of erection.

The rate is based on the value, model and type of the item to be insured, but is very dependent on the maintenance history, operation and normality of use. There are Deductible and Conditions applicable to this policy.

Here you will be able to seek information and request quotation on line.
 
     
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NEWS  
  •  
    10/07/2011
    The company is under the management of Mr.Mohd Saed Hamdan, who is an insurance ..
     
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    10/07/2011
    Juelmin Insurance Services was established in 1991 as a member of Al Hamad Group..
     
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  •  
    10/07/2011
    Juelmin Insurance Services was established in 1991 as a member of Al Hamad Group..
     
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