Capacity – CPE

• Capacity – Policy Limit US$ 15,000,000 Latam and US$ 13,000,000 World Wide
• Territorial Scope – World Wide ex. USA
• Wordings – Forms Standard MRE CPE Form including XSL Speciality
• Product: Contractors’ Plant all Risks
• Coverages: All Risk inc. TPL, Machinery Breakdown, Sabotage & Terrorism, and I.C.O.W. as standard
• 3 year leasing/rental policies, rental and stand-alone electronic equipment polices

Appetite / Segments

1. Preferred: All types of mobile plant and equipment – from a small generator through to mining trucks and up to larger tower cranes.
2. Operations: General Contractors’, Port Operators, Leasing & Rental companies, Banking and Dealership schemes, Mining (above and below ground), Forestry & Agricultural risks.
3. Challenge: Large Tunnel Boring Machine’s
4. Excluded : Off-shore, Oil & Gas exploration, single item risks.

Underwriting Guidelines

Section A: LATAM

• USD15,000,000 (and/or currency equivalent) each and every loss
• General Equipment USD3,000,000 single item for our share
• Cranes USD3,000,000 single item for our share
• Surface Mining USD2,500,000 single item for our share
• Sabotage and Terrorism sub-limit: USD2,500,000 each and every loss and USD5,000,000 in the annual aggregate for defined Terrorism incidents.
• No greater than the sum insured / No automatic reinstatement applies.

Section B: Worldwide e. USA

• USD13,000,000 (and/or currency equivalent) each and every loss
• General Equipment: USD3,000,000 single item for our share
• Cranes: USD3,000,000 single item for our share
• Surface Mining: USD2,500,000 single item for our share
• Sabotage and Terrorism sub-limit: USD 1,500,000 each and every loss and USD3,000,000
• No greater than the sum insured / No automatic reinstatement applies

Other Excluded Class(es) of Business & Coverage(s)

• Construction All Risks
• Erection All Risks
• Oil and Gas Drilling Rigs
• Off shore equipment
• Single item risks
• Large tunnel boring machines
• Prototype Machinery
• Standalone tower crane schedules
• Tools and accessories — unless incidental (less than 10% of schedule values)
• Over Water or Equipment working on barges unless the attached clause is used.
• Cargo – except where such cargo is equipment owned, hires or leased by the insured and declared on the schedule.
• Loss or Damage to replaceable parts; except where forming part of a larger loss.
• Waterborne vessels

Territorial Limitations

• Venezuelan domiciled business on a case by case basis
• Other embargoed territories

Contact – XS Contractors, Plant & Equipment