All risks of installation project refers to the installation project of various equipment and devices (including electricity, ventilation, water supply and drainage and equipment installation, etc.). ), and industrial equipment and pipelines are often included in the scope of installation works. All risks of installation project include: water supply and drainage, heating, building electricity, intelligent building, ventilation and air conditioning, elevator installation and other sub-projects insurance. The main insurance liabilities are natural disasters and accidents.
Construction All Risks covers all kinds of civil, industrial and public construction projects, including roads, dams, bridges, ports, water diversion and water supply projects, and all losses caused by natural disasters or accidents during construction.
2. The risk starts at different times:
The subject matter of construction engineering insurance has gradually increased since the start of construction, and the amount of insurance has also gradually increased, while the subject matter of installation engineering all risks has been stored in the construction site from the beginning, and the insurance company has borne all the risks of goods price from the beginning, and the risks are relatively concentrated. After the installation of the machine, the risks brought by trial operation and assessment and the risk of machine damage during trial operation are quite large, which was not found in the construction insurance part.
3. The reasons for the risks are different:
Under normal circumstances, natural disasters are more likely to cause the loss of the insured subject matter of all risks in construction projects, while the insured subject matter of all risks in installation projects is mostly the installation and equipment in buildings (except petrochemical, bridges and steel structures). ), so it is less vulnerable to natural disasters (floods, typhoons, rainstorms, etc.). ) and it is more likely to be caused by human accidents. Therefore, it is necessary to urge the insured to strengthen on-site safety operation management and strictly implement safety operation procedures.
4, the risk loss rate is different:
The installation project must pass the trial operation before handover. During the trial operation, any potential factors may cause losses, and the loss rate should account for more than half of the total losses during installation. Due to the concentration of risks, the all-risk insurance premium rate of the installation project during the trial operation period usually accounts for about 1/3 of the premium of the whole construction period, and it is not responsible for paying compensation for the old machinery and equipment.
5, the insurance amount is different:
Installation engineering all risks:
(1) The insured amount specified in the insurance policy schedule shall not be less than:
1. Installation project-the total value of the insurance project at the time of installation, including equipment costs, raw materials costs, installation costs, construction costs, transportation costs and insurance premiums, customs duties, other taxes and fees, and the costs of raw materials and equipment provided by the project owner;
2. Construction machinery, devices and mechanical equipment-the cost of replacing new machinery, devices and mechanical equipment with the same model and load;
3. Other insurance items-the amount agreed between the insured and the company.
(2) If the insured insures according to the estimated total project cost agreed in the insurance project contract, the insured shall:
1. When all the expenses included in the project cost under this insurance exceed the original insurance project cost due to price increase or appreciation, we must notify our company in writing as soon as possible, and our company will adjust the insurance amount accordingly;
2. Accurately record the corresponding engineering details during the insurance period, and allow the company to check the records at a reasonable time;
3. If the installation period of the insurance project exceeds three years, it is necessary to report the actual investment amount of the project and the adjusted total project cost to the company every twelve months from the effective date of the insurance policy, and the company will adjust the insurance premium accordingly;
4. Report the final total value of the project to our company within three months after the expiration of the insurance period specified in this insurance list, and our company will adjust the premium received in advance by refunding more and making up less.
Otherwise, in view of the above clauses, the Company will consider that the insured amount is insufficient, and in case of losses within the scope of this insurance, the Company will compensate all kinds of losses in proportion according to the provisions in Paragraph (6) of the general provisions of this insurance policy.
All risks of construction engineering
(1) The insured amount specified in the schedule of this insurance policy shall not be less than:
Construction project-the total value of the insurance project at the completion of construction, including raw material costs, equipment costs, construction costs, installation costs, transportation and insurance fees, customs duties and other taxes, as well as the costs of raw materials and equipment provided by the project owner;
Construction machinery, plant and mechanical equipment-the cost of replacing new machinery, plant and mechanical equipment with the same model and load;
Other insurance items-the amount agreed between the insured and the company.
(2) If the insured insures according to the estimated total project cost agreed in the insurance project contract, the insured shall:
When the cost included in the project cost under this insurance exceeds the original insurance project cost due to price increase or appreciation, we must notify the company in writing as soon as possible, and the company will adjust the insurance amount accordingly;
Accurately record the corresponding engineering details during the insurance period, and allow the company to check the records at a reasonable time;
If the construction period of the insurance project exceeds three years, the actual investment amount of the project at that time and the adjusted total project cost must be reported to the company every twelve months from the effective date of this insurance policy, and the company will adjust the insurance premium accordingly;
Declare the final total project value to our company within three months after the expiration of the insurance period specified in this insurance list, and our company will adjust the premium received in advance by refunding more and making up less.
Otherwise, in view of the above, the company will think that the insured amount is insufficient. In case of losses within the scope of this insurance, the company will compensate all kinds of losses in proportion according to the provisions of paragraph (6) of the general provisions of this insurance policy.
6. Different exclusions:
Eliminate all risks in the installation project: any losses, expenses and responsibilities caused by war, similar acts of war, hostile acts, armed conflicts, terrorist activities, rebellion and coup; Confiscation, requisition, destruction or destruction by government order or any public authority; Any losses, expenses and responsibilities caused by strikes, riots and civil strife; Any losses, expenses and liabilities caused by intentional acts or gross negligence of the insured and its representatives; Any losses, expenses and responsibilities caused by nuclear fission, nuclear fusion, nuclear weapons, nuclear materials, nuclear radiation and radioactive pollution; Any losses, expenses and responsibilities caused by air, land, water pollution and other kinds of pollution; Any losses, expenses and responsibilities caused by partial or total shutdown of the project; Fines, delays, contract losses and other consequences; Deductible to be borne by the insured as stipulated in the schedule of insurance policies or relevant clauses.
Construction all risks excepted liability:
Losses and expenses caused by design errors; Losses and expenses of the insured property itself caused by natural wear and tear, inherent or potential defects, changes in the substance itself, spontaneous combustion, self-heating, oxidation, corrosion, leakage, rat bite, moth-eaten, atmospheric changes (climate or temperature), normal water level changes or other gradual changes; Loss of the insured property itself due to defects in raw materials or poor workmanship, and expenses paid for replacement, repair or correction of these defects and errors; Self-loss of mechanical or electrical devices caused by non-external forces, or self-loss caused by failure of construction machinery, equipment and mechanical devices; Maintenance or normal maintenance costs; Loss of files, documents, account books, bills, cash, various securities, charts and data and packaging materials; Shortages were found during the inventory period; Loss of vehicles, ships and aircraft with public transport driving licenses or other insurances; Unless otherwise agreed, the part of the insured property that has been signed and accepted by the project owner or actually occupied or used or received before the expiration of the insurance period of this policy.
Generally speaking, the risk of installation engineering all risks is greater, and the insurance rate is higher than that of construction engineering all risks.
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