This is an All Risks policy that provides cover against the plant, machineries and equipments of contractor during use, rested, and shifted within the specified project site for use anywhere, which generally used under rough working conditions and damage vulnerability.
The CPM policy is designed for all such situations and will assist in protecting the contractor against the sudden and unforeseen physical loss or damage. General coverage will be included Fire and Lightning, Accidental damage, Water damage, Flood, Storm, Tempest, Inundation, Collapse, Collision, Impact, Theft & Burglary, Subsidence, Landslide, Rockslide, etc. which not under policy exclusion.
If you own construction machinery such as earth moving machine, mobile cranes, conveyor system concrete batching plants, we suggest getting your machinery insured against loss or damage. Period of cover can be adjusted to fit a specific project period on an annually basis.
“©2016 Chubb Samaggi Insurance PCL. This policy is underwritten by Chubb Samaggi Insurance Public Company Limited. Full details of the terms, conditions and exclusions of this insurance are provided in the policy documentation. Please read our Terms of Use. Applicant should read the terms and conditions of the policy thoroughly prior to applying for insurance.”
*For international insurance brokers or clients who require insurer/reinsurer to hold a financial strength rating that is higher than that held by Chubb Samaggi Insurance Public Company Limited, please contact ACE INA Overseas Insurance Company Limited, Thailand Branch.
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Have a question or need more information? Contact us to find out how we can help you get covered against potential risks