As global needs for energy, transport and industrial infrastructure continue to rise, so do opportunities for interested parties to exploit natural resources. If you’re in the business of supplying or transporting heavy-lift machinery to meet those needs, or investing in clean power in developed countries, this policy will protect you against loss, damage and delays.
Coverage Highlights
The areas it covers
Our insurance policy covers projects that include:
- Power plants including gas and nuclear
- Green energy including solar, wind, hydro and bio mass
- Petrochemical, paper and pulp, ferrous and non-ferrous plants
- Bridges and buildings
The parties it covers
Today’s supply chain for a modern infrastructure project can involve numerous manufacturers from several countries, differing contractors and a complicated array of supply routes involving any combination of land transport, sea, river, rail, road or air. Our Project Cargo* Insurance provides clients with the protection to meet the needs of all parties concerned, including:
- Owners and principals
- Managing contractors and main contractors
- Contractors and subcontractors
- Manufacturers and/or suppliers
- Banks and/or financial institutions
* Project cargo is defined as a set of shipments of an agreed value over a set period of time for a construction project.
Please refer to the policy contract for the full details of benefits, terms and exclusions that are applicable. The information provided here is a brief summary for quick and easy reference. The exact terms and conditions that apply are stated in the policy contract.
The benefit(s) payable under eligible certificate/policy/product is(are) protected by PIDM up to limits. Please refer to PIDM’s TIPS brochure or contact Chubb Insurance Malaysia Berhad or PIDM (visit www.pidm.gov.my)
Related Article
Have a question or need more information?
Contact us to find out how we can help you get covered against potential risks
