Apart from our All Risk Policy for contractors, we have introduced yet another more concentrated policy for contractors with our Plant and Machinery cover. This policy provides cover for plant and machinery used by contractors against all types of risks on site during the course of construction.
Coverage is provided for the following machinery in the event of damage due to any accidental external means defined in the policy:
- Backhoe loaders
- Excavators, cranes and forklifts
- Other machinery used in construction work etc
- Policyholder should have an insurable interest on the asset
- Policyholder should be eligible to sign an insurance agreement as per the legislation framework of Sri Lanka
- Insuring property / assets should be within the geographical limits of Sri Lanka
Sri Lanka Insurance is the pioneer insurance company in the island with a history spanning 57 years. Being backed by the state has added to its strength and credibility while it has the most experienced technical knowledge base. Its Life Fund in excess of LKR 116 billion and asset base of over LKR 211 billion are unmatched in the industry.