Saudi Indian Company for Co-operative Insurance (SICCI) is a joint stock company established in the Kingdom of Saudi Arabia as per Royal Decree No. M60 dated 18/09/1427H. SICCI is a joint venture between Fawaz Al Hokair Group of Companies, KSA, Life Insurance Corporation of India, The New India Assurance Company Limited, India and Life Insurance Corporation (International) B.S.C.(c), Bahrain
   
   
SICCI's Contractors' plant and machinery insurance policy provides coverage to contractors' equipment such as:

Hauling equipments, Cranes, Surveying equipments, Bull Dozers, Excavators, Mixing machine, Stone crushers, Track-laying machinery, etc.

Coverage is for contractors' equipment at specified project site, at work or at rest or while being dismantled for cleaning or overhauling

Scope of Cover:

Policy covers damage / loss from a variety of causes including Fire & allied perils, burglary, theft, Accidental damage.

This Policy cover can be extended on payment of extra premium to:
Third party personal injury & property damage as per policy limits. Costs includes clearance & removal of debris following an accident Loss / damage to owners' surrounding property

Exclusions from the Policy:
1. Deductibles as per schedule
2. Loss / damage due to electrical / mechanical breakdown, internal explosions
3. Loss / damage to replaceable parts and attachments (i.e bits, drills, ropes, belts, batteries, tyres etc.)
4. Loss / damage due to continual influence of operation (i.e wear and tear etc)
5. Loss / damage to vehicles licensed for general road use
6. Loss / damage whilst in transit / working underground
7. Loss / damage due to total / partial immersion in tidal waters.
8. Loss / damage due to war, civil war / nuclear risks
9. Pre-existing faults / defects prior to insurance
10. Consequential losses
11. Loss / damage for which supplier / manufacturer is liable.
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