First, insurance during setting up and construction:
It covers damage or loss that may occur to the insured property during:
• Construction and manufacturing within the workshops.
• Towing and transportation operations.
• Installation and testing
• Section I: Property Insurance:
Compensate the insured for physical damage to his property as a result of the occurrence of an accident on the production site during operation of the property.
This insurance is based on either all risks or Selective risk (fire - lightning - etc.,)
• Section II: cost control in wells:
Cover all reasonable expenses, costs, incurred by the insured in order to control or try to control the well / wells, when crude oil suddenly and unexpectedly surge from inside to outside the well leading to loss of control of the well.
Protects the insured from carrying compensation of legal liability as a result of physical or material damage that occurs as the responsibility of the contractual liability, the responsibilities of the employer and liability to the third party.
Digger will be covered through the body and machines, as well as civil liability resulting from operations as well as to cover lost profits. This is one of the most important coverages for diggers.
Pipelines may be covered under the first section but sometimes it may need separate insurance by a separate request for a specific reason.
Compensation covers profit and fixed costs loss when work stops as a result of an accident.
Compensation for losses resulting from mechanical or electrical malfunction of machines.
Insurance Brokerage
Societe Insurance Brokerage
54 Kasr al Nile st
Downtown, Cairo , Egypt
E-mail address:
info@sibegypt.com
Available 8:00am - 5:00pm