WE have a dedicated team of engineers and expert loss adjusters, who not only focuses on minor, as well as on large and complex losses including:
- Onshore and offshore exploration.
- Development and production.
- Renewable energy.
- Petrochemicals.
- Refining
- Mining and associated industries.
- Power plant, Pipelines and Tank farm losses.
- Wind turbine and gas turbine claims.
- Construction All Risk (CAR) and Erection All Risk (EAR) claims.
Our Team of dedicated expert loss adjusters have been able to adjust with at most care some of the biggest and most complex losses in the history of Pakistan.
Over the last 3 decades, TVPL have handled numerous Engineering losses, claims handled include Power Plant equipment including Generators, Turbines, Transformers, Boilers etc.
SOME OF THE MAJOR LOSSES HANDLED BY OUR TEAM:
| INSURED: |
Engro Asahi Polymer and Chemical Ltd |
| BUSINESS: |
Manufacturing of PVC Resin |
| POLICY COVERAGE: |
Comprehensive Project (CP) Insurance |
| TYPE OF LOSS: |
Fire in the VCM Scrubbing Area with associated Delay in Startup |
| CLAIM: |
Around USD 18.5 Million |
| INSURED: |
Engro Fertilizers Limited. |
| BUSINESS: |
Production of Fertilizers |
| POLICY COVERAGE: |
All Risks Direct Physical Loss or Damage including Machinery Breakdown and Business Interruption |
| TYPE OF LOSS: |
Damage to Waste Heat Boiler |
| CLAIM: |
Around USD 12.7 Million |
| INSURED: |
Engro Polymer and Chemicals Limited. |
| BUSINESS: |
Manufacturing of PVC Resin |
| POLICY COVERAGE: |
All Risks Direct Physical Loss or Damage including Machinery Breakdown and Business Interruption |
| TYPE OF LOSS: |
Business Interruption – Suppliers Extension |
| CLAIM: |
Around USD 11.25 million |
| INSURED: |
Sapphire Electric Company Ltd. |
| BUSINESS: |
Power Generation |
| POLICY COVERAGE: |
All Risks and Business Interruption |
| TYPE OF LOSS: |
GT-1 UNIT, Gas Turbine Breakdown |
| CLAIM: |
Around USD 10 million |
| INSURED: |
Habib Ullah Coastal Power Company Limited (HCPC) |
| BUSINESS: |
Power Generation. |
| POLICY COVERAGE: |
All Risks and Business Interruption |
| TYPE OF LOSS: |
Damage to Gas Turbine GE LM6000 & Associated Business Interruption. |
| CLAIM: |
Around USD 8 million |
| INSURED: |
HUB POWER CO. LTD. (HUBCO) |
| BUSINESS: |
Power Generation |
| POLICY COVERAGE: |
All Risks Direct Physical Loss or Damage including Machinery Breakdown and Business Interruption. |
| TYPE OF LOSS: |
Machinery Breakdown – Damage to Gland Seal |
| CLAIM: |
Around USD 6.7 million |
| INSURED: |
Rousch (Pakistan) Power Limited (RPPL) |
| BUSINESS: |
Power Generation |
| POLICY COVERAGE: |
All Risks of Physical Damage (including Machinery Breakdown and Boiler Explosion) & Business Interruption Insurance. |
| TYPE OF LOSS: |
Domestic Object Damage to GT 12 |
| CLAIM: |
USD 5.2 Million |
| INSURED: |
Sapphire Electric Company Ltd. |
| BUSINESS: |
Power Generation |
| POLICY COVERAGE: |
All Risks of Physical Damage (including Machinery Breakdown and Boiler Explosion) & Business Interruption Insurance. |
| TYPE OF LOSS: |
Domestic object damage to Generator. |
| CLAIM: |
More than USD 5 million |
| INSURED: |
HUB POWER CO. LTD. (HUBCO) |
| BUSINESS: |
Power Generation |
| POLICY COVERAGE: |
All Risks Direct Physical Loss or Damage including Machinery Breakdown and Business Interruption. |
| TYPE OF LOSS: |
Machinery Breakdown – Short circuit in Generator Unit DG 4 |
| CLAIM: |
USD 3.75 million |
| INSURED: |
Engro Powergen Thar (Private) Limited (EPTL) |
| BUSINESS: |
Power Generation |
| POLICY COVERAGE: |
All Risks of Direct Physical Loss or Damage and Business Interruption |
| TYPE OF LOSS: |
Explosion in Coal Crushing House |
| CLAIM: |
USD 5 million |
| INSURED: |
HUB POWER CO. LTD. (HUBCO) |
| BUSINESS: |
Power Generation |
| POLICY COVERAGE: |
All Risks Direct Physical Loss or Damage including Machinery Breakdown and Business Interruption. |
| TYPE OF LOSS: |
Machinery Breakdown – Short circuit in Generator Unit DG 4 |
| CLAIM: |
USD 3.75 million |
| INSURED: |
Engro Powergen Qadirpur Limited (EPQL) |
| BUSINESS: |
Power Generation |
| POLICY COVERAGE: |
All Risks of Direct Physical Loss or Damage including Machinery Breakdown and Business Interruption |
| TYPE OF LOSS: |
Damage to Generator Rotor of Gas Turbine and Associated Business Interruption |
| CLAIM: |
Around USD 3.4 Million |
| INSURED: |
Zorlu Enerji Pakistan Limited |
| BUSINESS: |
Wind Farm Owners and Operators |
| POLICY COVERAGE: |
All Risks of Direct Physical Loss or Damage including Machinery Breakdown and Business Interruption. |
| TYPE OF LOSS: |
Wind Farm Owners and Operators |
| CLAIM: |
Around USD 3 million |
