IC38 GENERAL INSURANCE AGENT EXAM - Study Notes

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  • Electronic Equipment Policy - is available to the owner, lessor or hirer, depending upon the responsibility or liability in each case. It has usually three sections that cover various types of losses.Section 1: Loss and damage to equipment. Section
  • Advance Loss of Profit Cover (ALOP) or Delay in Start-up Policy (DSU) - covers financial consequences of a project being delayed because of accidental damages during the project
  • Industrial all risks insurance provides indemnification against material damage and business interruption
  • Industrial all risks insurance provides cover for Fire and specified perils as per fire insurance practice,Burglary (except larceny),Machinery breakdown / boiler explosion / electronic equipment,Business interruption following operation of perils
  • Marine Cargo Insurance -provides indemnity in respect of loss of or damage to goods during transit by rail, road, sea, air or registered post, within the country as well as abroad. Cargo policies are essentially voyage policies, i.e. they cover the

IC38 General Insurance

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