Risks : CEAR
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 1 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.
1. Caused by the negligence, omission or default of the Contractor, his servants or agents or any of their Co-Contractors, Sub-Contractors and Suppliers their servants or agents.
2. Attributable to errors or omission in the designing of the work.
The Individual Professional Insurance Consultants, Team of Insurance Agents.
Showing posts with label CONTRACTOR ALL RISKS. Show all posts
Showing posts with label CONTRACTOR ALL RISKS. Show all posts
Clause 19.2A - Vibration, Subsidence Collapse, Weakening of Support Clause – CEAR
SUE AND LABOUR CLAUSE – PLI, CEAR
Risks : PLI, CEAR, MARINE CARGO
In case of actual or imminent, with prior notice to and approval from the Insurers, loss or damage, it shall be lawful and necessary for the Insured, his or their factors, servants or assign to use, labor and travel for, in and about the defense, safeguard and recovery of the property insured hereunder, or any part thereof without prejudice to this insurance, nor shall the acts of the insured or the insurers in recovering, saving and preserving the insured property in case of loss or damage, be considered a waiver or abandonment, to the charge whereof, the Insurers will contribute according to the rate and quantity of the sum herein insured.
In case of actual or imminent, with prior notice to and approval from the Insurers, loss or damage, it shall be lawful and necessary for the Insured, his or their factors, servants or assign to use, labor and travel for, in and about the defense, safeguard and recovery of the property insured hereunder, or any part thereof without prejudice to this insurance, nor shall the acts of the insured or the insurers in recovering, saving and preserving the insured property in case of loss or damage, be considered a waiver or abandonment, to the charge whereof, the Insurers will contribute according to the rate and quantity of the sum herein insured.
50/50 Clause - On Contractors All Risk and Erection All Risks
50/50 CLAUSE
Risks : CEAR
Where separate Marine insurance
has been effected by the Insured it is agreed that in the event of loss of or
damage to the Property Insured due to a perils insured against being discovered
after the risk has terminated under the Marine Insurance and, if after proper investigation it is not
possible to ascertain whether the cause of such loss or damage happened prior
to the termination of the marine venture or subsequently. It is understood and
agreed that the Insurers hereon shall contribute 50% or the properly adjusted
claim provided the Marine Insurers also agreed to contribute 50% of the claim,
such contribution to be without prejudice to subsequent final apportionment of
the claim as may.
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