Businesses are prone to unforeseen losses such as fire. These losses can lead a Flourishing Business into a disaster due to the loss of property, stocks, machinery, tools and facilities, ultimately wiping out the capital and causing consequential losses. Monetary relief is essential in re-building / restoring the damaged property. Fire insurance covers and our claim settlement accordingly play a vital role in safeguarding the financial interests of an enterprise.
The Fire insurance policy covers immovable and movable property; buildings, plant and machinery, furniture, fixtures, fitting, contents, stocks / stick in process, raw material, good held in trust or in commission, including stocks at suppliers / costumer’s premier, machinery temporarily removed from the premises for repairs due to loss or damage by fire or due to any of the perils mentioned hereunder:
In case of a partial loss, payment for repairs or replacement are made. In case of a policy with a reinstatement value clause, the cost of reinstatement will be paid on completion of reinstatement, subject to an overall limit of the sum insured. The insurance company, at its discretion, may repair or replace the affected property instead of paying for the cost of restoration.
Our fire/ property and allied perils expert have a thorough knowledge over the years of professional experience in regards to how the fires was caused and ascertain whether it falls under the relevant policy warranties and condition. They have an in depth knowledge for required documentation regarding different clientele, separate any salvage value and also keep in mind contamination that have been caused by the fire.
Machinery and Equipment used in various industrial operations are exposed to unforeseen or sudden mechanical or electrical damage. Machinery Breakdown Policy covers machinery, plant and equipment In process industries, factories, engineering work-shops etc, against loss or damage due to electrical or mechanical breakdown, such as defects in casting and material, faulty design, bad workmanship, physical explosion, tearing apart on account on account of centrifugal forces, short circuit, vibration, mal-adjustment, misalignment etc, except those specially excluded under the policy terms.
Equipment breakdown has the potential to stop business activities, with serious consequences to its survival. Machinery Breakdown Insurance offers protection against these types of losses. The coverage is available on a stand- alone basis to cover Electrical and Mechanical breakdown, Breakdown risk for Electronic Equipments and explosion / collapse, risk for Boiler/ Pressure Vessels.
Covered Equipment can include, but is not limited to: Gas and Stream Turbines; Engines, Pumps and Compressors; Electric Motors, Generator and Transformers; Switchboards and other electrical apparatus; Refrigeration and Air conditioning equipment’s Computers / Servers / Printers; Steam Boilers & Pressure vessels.
A claim under a machinery breakdown insurance is lodged in case of sudden damage to all sorts of machines. For the handling of this type of claims our expert professionals has extensive technical Knowledge in the field of Mechanical Engineering, Electrical Engineering, as well as aircraft techniques and others.
The claims usually concern damage to machineries and/ or mechanical installation such as
Our machinery breakdown experts have any years of practical experience as project managers and / or technical inspectors in the field of gas turbine and steam turbine techniques, generation of generation of energy at coal-fired, gas fired and biogas-fired power station and transport of energy via overhead and underground high-tension networks. Together with their expertise in hot field of losses of every kind and liability, they have a thorough knowledge of materials and well acquainted with the most modern work and repair methods, as well as the costs involved. In certain cases, for instance when an in-depth metallurgical investigation is required, they give support to external specialist in this field. In addition, we can draw on an international network of surveyors who have been selected their quality.
Electronic equipment used in various industrial operations and offices are exposed to risks of unforeseen or sudden causes resulting in loss or damage.
For the handling of these types of claims, our expert professionals have extensive technical knowledge in the field of Electronic and Computer Networking.
The Damage is cause to electronic and computers of object such as:
We also provide related services such as:
Our surveyors have a wide experience with computer systems and are specialized according to the adjustment of their losses. Together with their expertise in the field of losses of every kind and liability they have a through knowledge of materials and are well acquainted with the most modern work and repair methods, as well as the costs involved.
A claim under earth moving equipment insurance is lodged in case of damage caused to rolling equipment. For the assessment of this type of claims our professionals has very wide technical knowledge and experience.
The claim usually concern damage to:
Our Earth Moving equipment surveyors have a vast practical experience. They have an in depth knowledge of machinery mechanisms, repair and maintenance cost; replacement parts and can assess very quickly the extent of damage to the Insurers.
Contactor All Risk (CAR) Insurance is designed to cover losses against contraction project that may initiate since project conception and onwards full completion. The coverage can also be extended to include various add – on covers available under this policy. For the assessment of this type of claims our professionals has very vast technical knowledge and professional experience.
Contactor’s All Risks Insurance [CAR] protects the interests of contractors involved in civil, mechanical or electrical contracts like construction of buildings, bridges, dams, towers etc, against their exposure to loss, damage or liability by a variety of external and internal causes during the course of construction.
The cover provides protection against losses or damages in respect of the contract works at the contract sites(s). In addition, the cover may include Third Party Liability, construction plant and equipment, construction material, removal of debris, professional fees and surrounding property, in connection with losses arising with the construction of project.
We adjust the losses on materials and contract work from a variety of risks such as:
We adjust losses for indemnity to third parties that may result from:
Erection All Risks Insurance [EAR] protects the interests of principal and contractors involved in erection of plants, Machinery, Heavy Equipments etc, against their exposure to loss, damage or liability by various external and internal causes during the course of correction.
The covers protects losses against all the risks involved in the erection of machinery, plant and steel structure of any kind as well as third party claims arising in connection with installation works of the project. The coverage commences from the unloading of items insured to erection work and until test operation has been completed excluding used/ second-hand machines where cover ceases upon commencement of testing/ commissioning.
We assess losses of all kinds of erection and testing on individual machinery, industrial machinery, industry machinery, industrial plants, steel works and/or structure. In addition, the cover may include Third party Liability, Civil Engineering Works, and Equipment for Erection, Removal of debris, Professional Fees and Surrounding property
We have a very well qualified, through team of engineers that can ascertain the damages of all [CAR] and [EAR] losses. They have extensive knowledge as engineers and are well versed with these types of losses.
As professional surveyors, we provide claim settlement in the following categories of insuring clauses:
Banks and Financial Institutions recognized the risk associated with their operations and the exposures from within as well as external. It therefore important that a risk transfer mechanism in set in place to safeguard against all the odds. The banker’s Blanket Cover is purposely designed for the banks and financial institutions considering their unique need for coverage. Banker Blanket Cover covers various insuring clauses to encompass various contingencies to suit specific needs. The following the insuring clauses are covered against this policy coverage:
This clause provides coverage for any loss due to misappropriation or embezzlement by dishonesty of the insured’s own employees(s).
This Clause provides coverage for loss &or damage to insured’s property due to various perils including fire whilst in the premises where the insured carries on business and other specified places which should clearly be defined while opting for this clause. Some of other risks of this section are followed as under:-
a) Cash in Safe and on counter
b) Lockers
This clause provides coverage for loss &/ or damage to insured’s property whilst in-transit to and from premises along the define geographical area.
This clause provides coverage for loss caused due to forgery or alteration (forgery means the forging or fraudulent alteration of any document or the uttering of any forged or fraudulently altered document by the employees (s) whereby one obtains possession of monies or goods.) and forged Cheque are also covered therein.
This clause covers securities o the insured (Stock, Certificates, Bonds, and other Governmental guaranteed authority stocks etc) whilst in insured premises or other due to loss &/or damage resulting from named calamities.
This clause provides coverage for loss resulting from the acceptance of counterfeit currency by the teller other charged employee of the insured provided normal and standard procedures and precautions are fully exercised.
This clause provides coverage for loss &/or damage by fire and other perils to the office. The contents of the insured’s premises should specifically be named whilst opting for this coverage. Fixed assets and Computer Equipments are also part of this section.
We have well qualified professionals and most importantly our Chairman being a qualified Chartered Accountant from England & Wales have a unique knowledge of adjusting these types of claims. Him being an ex-banker, we all share a technical knowledge of a bank’s internal controls and measures and are acquainted with the required documentation, and adjusting the claim accordingly. Forged Cheques et al including fake documentation, losses raised from counterfeit / skimmed credit/ debit cards are included in our services.
Our Marine Division offers staffs master mariners, marine engineers, insurance surveyors, valuation expert s, and loss adjuster with high experience in their fields.
Our experienced and dedicated staff is capable to provide prompt, efficient and profession services to the insurers to insurers and the insured.
We provide claim settlement of the following surveyors:
We carry out Pre-Shipment Inspections of goods on behalf of client. The purpose of this is to primarily verify that the good conform to the contractual specification are packed according to required methods and are marked with necessary marking for the agreed quality and quantity and is conducted in cases prior to shipment to the exporting country.
After completing of the survey, we give suitable descriptive analysis relating to any visible damages of goods, physical defects, structural abnormalities that might be construed by the third parties as defects which may be developed after shipment.
Our surveyors are sufficiently competent to have the client’s term of reference extended, if necessary, to permit their intervention with reference to stowage problem and other subject giving rise to disputes which may develop during the course of loading.
Pre-shipment surveys and pre-loading surveys was already damaged before loading and shipping.
Pre-shipment inspection and pre-loading surveys are included in the cargo condition survey.
Ships, Vessels and containers are durable units of transport designed to carry dry cargo and are quickly transferable from one mode of transport to another. It is for that reason that reason that we offer to costumers an efficient and objective service for the inspection of the fry the hold of vessel and in containers.
Dry cargo inspection is based on the verification of the cargo condition and physical conditions of the hold of the vessels and containers.
We carry out dry cargo inspection with quickly and measure quantity of cargo, marking, labeling, packing, sealing, loading in time before re packing of export, discharging cargo damages, seal discrepancies, customs, cargo transfer from container to container, seal change in time before terminal of import.
Dry cargo inspections for damage cargo are carried out according to international standards of transportation at sea, complemented with a through report and issue of certificates.
Containerization has drastically changed the international trade standard in shipping. Door to door service of containers has led to the requirement of many ports and terminals.
Thus, companies that deal with containerized shipping are often interested in surveys of containers.
We carry out damage surveys, condition surveys, repair surveys and monitoring of containers.
Containers carry anything from equipment and machinery parts to children’s toys and clothing to perishable goods. Due to this increase in the production of containers, there is a greater need of reliable inspections.
Determining whether a container is unsuitable for cargo can greatly reduce therisk of liability for firms exporting goods.
We have a professional team with precise qualification and experience to verify the structural integrity of the container.
We offer a variety of inspection services for container services including but not limited to the following:
When cargo is found damaged, it is necessary to find out cause of damage and extent of damage for a claim for compensation.
This survey is known as damage surveys and numerous marine insurance companies hold us in high esteem.
Our marine services conduct damage surveys in different trade business ranging from damaged cargoes on ships to lesser damages on packed shipment in containers, packages etc.
Our cargo surveyors have a vast experience and training in damaged cargo surveys. The damaged are professionally ascertained and reported for claim settlements.
As per requirement, pre insurance inspections / pre-shipment surveys are carried out in view of loss prevention measures.
Loss minimization surveys during discharging and delivers of import / export cargo at the ports and cargo terminals and survey of cargoes while stuffing / de-stuffing into / from containers at which ever points are attend and promptly reported as per requirement of the clients.
Lashing and stowing surveys are part of our cargo surveys in view of loss minimization efforts. If the client ‘cargo has arrived damaged, we are at your disposal to protect your interest.
We collect samples from all type of cargo for and on behalf of cargo owners or the requesting party and send it for analysis at certified laboratories.
The importance of taking representative Samples of the whole quantity is imperative in the quality control of shipment.
Different products, locations, international regulations and client may require different methods and procedures for sampling.
We perform sampling according to contractual agreement and costumer request for obtaining representative and correct samples of various products.
Samples are then sent to certified laboratories to get it analyzed or forward to client as per their instructions.
Types of Sampling and our related services are as follows:
Our analysis of sample includes the following
When a ship is involved in such accident as fire, standing, collision and sinking, we conduct the necessary surveys and give appropriate advice and recommendation for the mutual benefits of the parties concerned.
When our costumers suffer a maritime loss, we attend and survey the damaged vessel or equipment, monitor repair work, determine the probable cause of loss including witness statements as necessary and prepare a report for the owner and / or interested underwriters regarding covered losses and the related expenses.
We understand that owners may perform unrelated maintenance while the vessel or machinery is being repaired and will and will itemize the invoices appropriate for the underwriters’ policy.
We perform hull and machinery damage surveyors on a wide variety of vessel, including but not limited to finishing / cargo boats, barges, small crafts, etc and all machinery related to the navigation, propulsion and operation.
P & I surveys are carried out for the benefit of P & I clubs. They can be as general or specific as the need may require.
They may include detail of cargo damage, hull damage or full loss investigation.
We provide complete detail of the vessel its crew, cargo, loading procedures, unloading procedures, condition of its hatches, weather, ships log and other particulars specific to the club are included in the report.
We provide ship management and crewing services for medium and small scale companies offering flexible ship management services tailored to our clients’ needs.
International ship management of vessels requires economical, logistics and technical expertise. Acting on the global markets, there are regularity issues and legislation, both internationality and locally that have to be met at every harbor and port.
In the event that dock time is required, the dock time is reduced to minimum by careful planning.
We see every task as a challenge and always look for improve our client’s business. To run a successful ship management company, it is important to have both a holistic understanding of the business and pragmatic hands on approach. We have over time grasped this knowledge and have a professional team that is responsible solely for ship management.
Our master marines are fully conversant and capable of handling ship management matters, comprising of ship repairs, ship surveys, classification surveys (hull and machinery), PNI Club surveys, third party surveys, damaged cargo surveys, cargo handling, chartering matter crew recruiting, and pre-purchase inspection of ships, sale and purchase of ships, flag registration of ships, ISM documentation, and certification and ISPS matters.
We provide claim settlement against theft accidental damage and third party liability for motor insurance policies for the following:
Loss or Damage Due to:
Our senior surveyors management staff is well qualified in Mechanical Engineering and has been awarded diplomas of associate Engineering Auto and Diesel Technology. Our manager have been trained in different auto houses like Daewoo Corporation and Shahnawaz (Pvt.) Ltd. They have a combined experience of over 20 years in motor vehicle workshops, and have also held positions in their relative in one of the top insurance companies.
We conduct Pre-Insurance Inspection surveys for both Motor and Non Motor Classes of Insurance. Before a Policy cover is issued by the Insurers, we are intimated the type of asset and location to be fully inspected against the provided documentation. A through report is then prepared for the Insurance so that they may issue the relevant insurance policy cover on an immediate basis to facilities their clientele.
We conduct Pre-Insurance Inspection surveys for both Motor and Non Motor Classes of Insurance. Before a Policy cover is issued by the Insurers, we are intimated the type of asset and location to be fully inspected against the provided documentation. A through report is then prepared for the Insurance companies so that they may issue the relevant insurance policy cover on an immediate basis to facilities their clientele.
Losses In or damage arising to property due to fire and Allied perils,
Losses in or damage to Contractors All Risk [CAR], Contractors Plant & Machinery, erection all Risk [EAR], Machinery Breakdown and Electronic Equipment.
Losses under Bankers Blanket: Infidelity of Employees, Forged Cheque. Counterfeit Currency, Plastic Cards (Counterfeited / Skimmed and or Stolen), Office & Contents, Cash in Safe, Cash in Transit, Plate Glass, Travel Insurance and Personal Accident.
Our Marine Division offers insurance surveyors, valuation experts, and loss adjuster with high experience in their fields.
Losses or damage under Own Damage, Total Loss, Theft and Third Party Motor Claims.
We provide claim settlement of the following surveyors:
