Best Assistance Mobile Application
x close

Nasco Gulf specializes in providing comprehensive and flexible insurance policies for all corporate insurance needs. Backed by personalized service and tailor-made policies with a cost-effective premium, Nasco has remained on par with the UAE’s phenomenal economic growth and its evolving needs.

 

The Nasco Gulf Team is passionate about their business; it is because of their dedication, integrity and professionalism, that we continue to achieve our goals. As we look into the future, it is essential to pay tribute to the founders of the Nasco Insurance Group, the Nader and the Karaoglan families. Without their vision, guidance and ambition, the dream would never have been realized.

 

We are proud to be the agent of Emirates Insurance Company, one of the leading insurers in the Gulf, and with whom we have enjoyed a long and prosperous association in the UAE.

+971 4 351 8610
Home Products Engineering Contractors Plant & Equipment
INSURANCE LINES
Motor Marine Cargo Travel Marine Hull Property Liability Engineering
Contractors All Risk Erection All Risk Contractors Plant & Equipment Electronic Equipment Machinery Breakdown Deterioration of Stock Boiler In case of a claim FAQs
Miscellaneous
FOR YOUR INSURANCE NEEDS ABROAD, PLEASE CALL US
+971 4 351 8610
Contractors Plant & Equipment

There are different types of Construction Plant and Machinery that are usually put into operation at the construction or Erection site. The Plants, Equipment and Machinery are exposed to a number of risks that exist in addition to the exposure to natural calamities.

Contractor's Plant & Machinery insurance policy is designed to provide insurance protection for contractors and other business related to the construction industry.

It provides financial protection against damage to items whether they are being used or are at work site or at rest or during their maintenance operations.

 

Risks Covered

 

  • Policy covers Contractor’s Plant and Machinery against any unforeseen and sudden Physical loss or damage.
  • Electrical or mechanical breakdowns except those specifically excluded under the terms of the Policy.

 

Major Exclusions

 

  • Normal wear and tear
  • Machinery breakdown
  • Unexplained losses
  • War, sabotage and terrorism.

 

Period of Insurance

The coverage is usually provided for a period of one year.

 

Basis of Sum Insured

New replacement value of the plant and equipment is to be covered.

 

Deductible

A deductible for each and every loss under the policy is always applicable.

 

Basis of Claim Settlement

The indemnity under the policy is for replacement or repair of the damaged plant and equipment.

 

Premium Rate

Premium rates are based on:

 

  • Replacement value of Plant & machinery
  • Model
  • Type of Machinery
  • Age of the machinery
  • Maintenance history
  • Use of the machine
  • Professional experience of the assured
  • Standard of the management

 

Important Information

Please note that for the easy understanding of the insurance policy, we have highlighted the important aspects. We will be glad to receive your queries and discuss the full set of policy terms, conditions and exclusions.

 

For more information, please contact Nasco Gulf at +971 4 351 8610.

 

Claims Settlement

You must alert us of any accident that may lead to a claim covered under the policy, and our team of experts will assist you in the quick settlement of the claim.

 

Call us as soon as possible, in case of an accident, and our team of experts will guide you through the claim process. For more information, please contact Nasco Gulf at +971 4 351 8610

USER'S AREA
Useful Links
TIPS
Turn off candles before you leave a room and before you go to bed.
EMERGENCY NUMBERS
+971 50 454 6974Motor Claims
+971 50 654 1510Motor Dept
+971 56 696 8867Marine Dept
+971 50 454 6972Non-Marine Dept
999/901Police
998/999Ambulance
997Fire Department
Stay updated
About Us  . Media  . Testimonials  . Disclaimer & Privacy Policy  . Site Map  .
Share
Nasco Gulf Insurance Agency LLC
Copyright © 2025