Comprehensive Project Insurance – Wordings & Clauses (download here)

Comprehensive Project Insurance

• CPI Policy Comprehensive Project Insurance

·         CPI Clauses

Special insurance covers

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  • 1200 Strike, riot and civil commotion
  • 1201 Extra costs for airfreight
  • 1202 Property insured taken into use or operation
  • 1203 Liability consequent upon vibration, removal or weakening of support
  • 1204 Guarantee maintenance 1205 Nuclear fuel elements 1206 Costs of decontamination
  • 1207 Reactor pressure vessels with internals
  • 1208 Costs for leak search
  • 1209 Oil, gas and/or geothermal drilling rigs and equipment
  • 1210 Delay in start-up following marine cargo

Special exclusions

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  • 1230 Earthquake
  • 1231 Flood or inundation
  • 1232 Windstorm
  • 1233 Crops, forests and cultures
  • 1234 Dams and water reservoirs
  • 1235 Removal of debris
  • 1236 Directional drilling
  • 1237 Drilling rigs and equipment
  • 1238 Piling, foundation and retaining wall construction work
  • 1239 Outright defects exclusion
  • 1240 Outright faulty design exclusion
  • 1241 Defective part only exclusion
  • 1242 Tunnels, galleries and underground structures
  • 1243 Normal action of the sea
  • 1244 Marine and off-shore work
  • 1245 Hydrocarbon processing industries 1
  • 1246 Hydrocarbon processing industries 2
  • 1247 Limited cover during the defects liability period
  • 1248 Section lengths
  • 1249 Betterment
  • 1250 Exclusion during the defects liability period

Special conditions

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  • 1260 Contract time schedule
  • 1261 Structures in earthquake zones
  • 1262 Underground services
  • 1263 Fire protection
  • 1264 Open trenches, pipes, cables and ducts
  • 1265 Loss prevention in respect of flood and inundation
  • 1266 Directional drilling
  • 1267 Serial losses
  • 1268 Erection of storage tanks
  • 1269 Marine 50/50 loss sharing
  • 1270 Flue gas purification plants

Source: The International Association of Engineering Insurers (IMIA)

Source: Munich Re