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 |