Buildings and structures
You’re covered for the loss of, or damage to, fixed permanent structures that form part of the insured contract or are the property of your employer, when this damage is the result of an incident that’s covered by ‘Machinery’. When paying a claim, we have the option to repair, replace or re-instate them, or to pay cash in lieu of these options.
Our maximum liability in respect of each claim, or all claims in a series of claims that arise from the same insured incident, is limited to the amount that’s stated on your policy schedule. Contracts that exceed this maximum contract limit won’t be covered and should be insured separately.
You’re covered for the loss of, or damage to, engineering plant, machinery and other such goods, referred to as ‘Machinery’ on your policy schedule, that you own or that belong to your employer for the insured contract, and which you’re competent to handle in the course of the operation that’s stated on your policy schedule, within the territorial limits and from any cause that’s not specifically excluded.