EAR insurance policy offers insurance against financial losses and material damage due to sudden, unexpected events which can cause total or partial damage to the insured property during erection works.
The Erection All Risks policy covers loss or damage to the contract works, predominately erection of machinery coupled with testing including legal liability to third parties, arising out to the performance of the contract.
The works usually comprise of the installation, testing and commissioning of plant, machinery or equipment.
The EAR insurance policy provides cover for:
Legal liability arising out of property damage or bodily injury suffered by third parties and occurring in connection with the erection work or near the erection site.
Islamic window of Allied Insurance Company Ayady Takaful wins the prestigious IFFSA Gold awards at the 3rd Islamic Finance Forum of South Asian Region, held in Sri-Lanka on 23rd October 2018. The Gold Award was presented to General Manager of Ayady Takaful Mr.Firushan Ibrahim, as an acknowledgement for the invaluable contributions by Ayady Takaful for the Islamic Financial sector.October 24th, 2018
Allied Insurance Company of the Maldives extends financial support for Jamaluddin School Digitalization Program, Imaduddin School Digitalization Program and Ghiyasuddin School Raspberry-pi Extension Project, under its CSR initiative; Premium for Good.August 27th, 2018
At a press conference held in Malahini Kuda Bandos Resort, Allied Insurance Company announces Gold Partnership with Malahini for the 2nd edition of Malahini Sandy Mission.August 1st, 2018