Takaful schemes offered by Takaful Brunei Am Sdn Bhd (TBA), under the Engineering Takaful Class is as below mentioned:
• Contractor All Risks
• Machinery All Risk
• Deterioration of Stock
Subject Matter Covered
• The project construction;
• Equipment, Plant and Machinery;
• Goods or Stock-in-Trade.
Extension of Cover
Extension of cover for all the Engineering Takaful schemes can be arranged and granted subject to underwriting and TBA’s approval.
Contractor’s All Risk
Physical loss or damage to the Subject Matter Covered due to:
Natural Cause: Fire, Lightning, Water Damage, Flood Storm and Tempest, Subsidence, Landslide, Cyclone, Hurricane, Earthquake, Volcanic Eruption
Social causes: Burglary or Theft and Malicious Damage
Chemical causes: Explosion, Spontaneous Combustion, Heating, Fermentation
Miscellaneous: Impact and Aircraft Damage, Other Accidental Damage.
Legal Liability to Third Party for Bodily Injury or Property Damage arising from the Construction works.
Machinery All Risk
Unforeseen and sudden physical loss or damage to the Subject Matter Covered (machineries, equipment etc) from any causes other than those specifically excluded by the Certificate.
Deterioration of Stock
Loss or damage to Subject Matter Covered (Goods or Stock-in-Trade) caused by deterioration due to any unforeseen and sudden physical loss of or damage to the insured machinery.