Tokio Marine Insurance Singapore Ltd.

Construction activity in Singapore is a common sight. We offer comprehensive and adequate protection against loss of or damage to the contract works, construction plant and equipment and third party claims.

The Contractors’ All Risks policy provides All Risks cover to Contractors & Developers for structures or buildings in the course of construction. Plant and machinery on site belonging to the contractors can also be covered. Contractors may also incur liabilities to members of the public causing death, injury or damage. This can also be covered.

All plant & machinery are susceptible to damage regardless of the quality of its manufacture or maintenance. This is especially so for plants and machinery at work sites. Damages can be expensive and also cause downtime in projects.

All types of site machinery and equipment can be insured under the Contractors Plant & Machinery insurance. Some examples are mobile cranes, tower cranes, tractors, drilling rigs, batching plants, compressors and concrete mixing plants.

The policy provides comprehensive cover for any unforeseen and sudden physical loss or damage from any cause not specifically excluded.

We live in an age where technological innovation is taking place rapidly. All forms of electronic equipments & gadgets invade our daily lives. The most common form is the mobile telephone, which is relatively easy, and economical to replace when lost or damaged. However, the costs can be enormous if the Data Processing Equipment in an office or factory breaks down or is damaged by fire. The consequences can be grave.

Practically all systems consisting mainly of electronic components can be insured under an Electronic Equipment policy.

The Electronic Equipment Insurance policy provides ‘All Risks’ cover for damage to the electronic equipment. It can also be extended to cover the cost of reconstructing data files and program as well as additional costs incurred when making use of alternative facilities in order to avoid business interruption after physical loss to insured items.

Provides All Risks cover to Contractors and Developers for machinery and equipment and steel structures like bridges in the course of erection. Contractors’ plant & machinery on site can also be covered. Contractors may also incur liabilities to members of the public causing death injury or damage. This can also be insured.

Machinery Insurance is important for everyone who operates machinery, not only for large Industrial Enterprises using large units or fully automated plants but also for medium-sized and small enterprises where a machinery failure may have serious financial and economic consequences.

The primary intention of our product is to protect you against the financial risks of unforseen and sudden damage to your machine.

Losses can arise from the following:-

1. Human faults, due to negligence and wilful acts of the workers.
2. Operational faults, arising from inadequate maintenance.
3. Product faults, arising from faulty materials, design and poor workmanship.