The various insurances offered by Al Sagr Cooperative under this section is based on standard Munich Re picy wordings widely used by insurers worldwide.

1. Contractor?s All Risks (CAR) and Erection All Risks (EAR) Insurance
The CAR and EAR policy plans are designed for construction and civil engineering projects including but not limited to:
    - Commercial/Residential Buildings
    - Industrial Buildings, Factories and Plants
    - Warehouses
    - Water Supply and Drainage Systems
    - Road, Railway Facilities and Airports
    - Bridges and other steel structures
What differentiates between the CAR or EAR policy is the nature of works that are to be insured by either. A CAR policy covers construction works while the EAR policy covers erection works that normally involve steel structures works of various shapes and use, machinery for production plants and other works that involve erection works more than construction.
Under both types of policies, Al Sagr Cooperative commits to compensate insured when property insured is lost or damaged from any not exempted peril. This includes contract works, construction/erection plant and equipment, contractors' machinery, construction/erection material, temporary works, expediting expenses.
Al Sagr Cooperative also indemnifies insured his liability to third parties be it physical injuries or deaths, and/or property loss or damage.

2. Contractors' Plant and Machinery (CPM) Insurance
CPM Policy covers on an annual basis all types of equipment and construction plant used by contractors for CAR or EAR contracts whilst at work, at rest or during maintenance operations at construction site, in the insured's warehouses or on the road during the insured mobilization and/or de-mobilization periods.
The policy covers sudden, accidental, external damage to the insured machinery due to any cause other than those specifically excluded in the policy.
It is a main condition under the above insurance coverage that the sum insured shall be equal to the cost of replacement of the insured items by new ones of the same kind and capacity, including cost of freight, customs duties and dues, if any, and cost of erection.

3. Machinery Breakdown Insurance (MBD)

Machinery Breakdown Insurance indemnifies insured his loss of or damage to fixed and/or non-mobile plant and machinery due to any unforeseen and sudden physical loss or damage to machinery insured resulting from causes such as defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force, short circuit, or from other causes not specifically excluded.
The Policy does not indemnify insured his losses which otherwise are insurable under a Fire and Perils or Property All Risks Policies.
The principle of indemnity for this type of insurance warrants that sum insured represents the value of replacing old for new machinery or equipment.

4. Loss of Profit (LOP) due to Machinery Breakdown Insurance
Bought together with the MBD policy, the Machinery Loss of Profits insurance policy promises to indemnify insured loss of actual gross profits (i.e. net profit and standing charges) and/or increased cost of working sustained as a result of a business interruption caused by an accident indemnifiable under Machinery Insurance.
It is important to select the Indemnity Period (say for a period of 3, or 6, or 12 months or more) after which the business can be restored to its pre-loss position.

5. Deterioration of Stock (DOS) Insurance
The Policy indemnifies insured when perishable stock deteriorates as a direct result of the breakdown of machinery, or consequent to the loss of or damage to machinery insured.
Deterioration of Stock insurance is a risk management approach to protecting traders' investments who need:
    - Cold Stores
    - Reefers
    - Incubators
    - And the like?.

6. Electronics Equipment Insurance
Electronic equipments such as Computers, Laptops, Medical, Bio-Medical, Micro Processors, Audio-visual equipments etc. can be covered under Electronic Equipment Insurance.
Coverage for electronic equipments is provided under 3 Sections:
    I - Material damage
         To insured electronic equipment brought about by peril not excluded in the insurance policy.
         The form indemnification comes in the form of replacement or reinstatement of damaged or lost
         equipment as the case may require.
    II - External data media
         Insurers promise to indemnify insured, up to value(s) stated in the policy covering external data
         media inclusive of cost of information stored thereon, provided that it is lost or damaged from the
         ensuing of peril(s) not otherwise excluded as explained under point "1" above. For the purpose of
         this insurance,data media is identified as the data which can be directly processed in EDP systems.
    III - Increased cost of working
         If material damage indemnifiable under section 1 gives rise to a total or partial interruption of
         operation of the EDP equipment, the insured will be indemnified for any additional expenditure
         incurred for the use of substitute EDP equipment up to an amount not exceeding the sum insured
         agreed between insurer and insured.