Mountbatten
About Us
Mountbatten Insurance Consultants have an acknowledged reputation for expertise and service in the short-term and long-term insurance broking industry.
Who are Mountbatten clients:
Mountbatten offers the C.A.R. service to anyone who has an insurable interest including contractors in the contraction and built environment, including but not limited to mining, hospitality, retail and shopping centers motor dealerships as well as domestic policies as we are interested in helping you protect your business while you grow your business. Contracting and engineering insurance forms a large part of Mountbatten’s portfolio, specializing in Contractors All Risks and Guarantee Facilities. Different guarantees are provided and these include but are not limited to performance guarantees, advance payment guarantees and piling guarantees.
How does C.A.R. insurance help you & what is C.A.R. insurance for?
C.A.R. - Contractor’s All Risk cover is intended to insure any form of construction and extends into various disciplines in the construction industry – such as air-conditioner installations, painting and so forth. Projects that warrant this form of cover extend from as small as building private houses and cluster homes, right up to shopping centers and blocks of flats. Other projects that will warrant consideration of this cover will include the building of infrastructure such as bridges, roads, dams, water reticulation, pipelines, refineries, sugar mills and power stations. It also covers Third Party Liability risks whilst on site or contract.
What does C.A.R. Insurance cover?
Coverage is dependant on the final policy you apply for.
What is the difference between performance, advance payment & piling guarantees?
Performance Guarantees: This insurance guarantees that the contractor will perform the work as specified in the contract, or the client will be compensated.
Advance Payment Guarantees: A guarantee to repay the Client should the contractor use the advance or similar funds for purposes other than for the purchase of the contract materials etc.
Piling guarantees: are guarantees offered to companies who specialize in piling, the clauses and exclusions included in this policy are unique to this need.
What do I need to do in order to apply for C.A.R. insurance?
You need to contact Mountbatten for more information as one of their friendly staff would be delighted to assist you.
Are there certain pre-qualifications?
Yes, depending on the type of insurance you require.
How long does it take to get cover?
Certain policies can have cover issued in as little as two hours or less. The majority of policies for first time applicants may be subject to an underwriting period whereby cover can only be offered after site surveys and various other pre-qualification requirements.
Who can I speak to?
Denzil Smith, Robin Hopkins or Preggie Soobramany
How do I go about contacting them?
You can call them on : 031 737 03 00 or
email: info@mountbatten.co.za
Website: www.mountbatten.co.za
Service Excellence:
Mountbatten is able to fully service our client requirements nationally with the focus on service excellence. With a team of dedicated service professionals, we are convinced we can help you no matter what your need.
Why not call us, to see how we can help you and your company today?
Types of engineering insurance that Mountbatten offers:
Erection All Risk Insurance
Erection All Risk cover, provides cover all risk cover on individual installations, such as air-conditioning installations, and can include large scale projects such as power plants and other large processing plants.
This cover includes cover for the testing and commission of machines once installed and projects are completed. The EAR policy will cover any physical damage or losses.
Plant All Risks
Plant All Risk cover is essential cover for any contractor who has plant on site or in transit to site. Every tool of trade should be insured against unforeseen perils, no more so than with your plant items. In general, your cover will extend to all equipment that is traditionally painted yellow, such as Earthmoving equipment, cranes, pumps, compressors etc.
You can include cover to hire equipment, whilst your equipment is being repaired or replaced, and any legal liability which may be incurred in the loss of your assets.
You could and should also consider third party insurance on these items for road risks
Cover can be tailored to meet your individual needs; hence premium should never be a concern.
The policy can cover many events including; theft, fire, faulty operation, overturning, storm, flooding, collision etc. The cover is primarily on mobile (self-propelled) construction plant and machinery.
Items can be insured on a “New Replacement Value” or “Market Value” basis.
Machinery Breakdown
Machinery Breakdown insures you against the unforeseen circumstance when your equipment fails you despite your best attempts to keep it in tip top condition. This cover will help with the cost of repairs or replacement of your equipment. The cover will include provision for events such as; incorrect use by employees, short circuits in wiring, design faults or defects in manufacture etc.
For further peace of mind, you can also insure loss of profits as a result of machinery breakdown.
Loss Of Profits
This cover is taken in conjunction with Machinery Breakdown, and will help with the losses in profit one would experience should your equipment fail, and the above benefits compensate you accordingly.
Electronic Equipment Insurance
Electronic Equipment Insurance covers losses of or damage to Computer, Electronic Data Processing Equipment, IT installations, telephone exchanges, cell phone networks and associated ancillary equipment as a result of Fire and Allied perils. Accidental Damage, Malicious Damage and Machinery Breakdown. This policy can be extended to cover Increased Cost of Working, reconstitution of Data and losses arising from the failure of electricity supply and Telkom land lines. Again, Loss of Profits as a consequence of machine’s downtime can be covered.
Civil Engineering Completed Risks
Civil Engineering Completed Risks cover insures your civil engineering projects against natural hazards after construction is completed, but before your client has taken occupation.
Construction Related Guarantees
Bid Bonds/Securities: This insurance is an undertaking to issue a guarantee where the contractor is awarded the contract. The guarantee offers the client protection against insolvency of the contractor.
Retention Guarantees:
This product guarantees that the contractor shall provide repairs and/or maintenance for a specific period after completion of the contract, and that snag lists will be addressed accordingly.
Materials On/Off-Site Guarantees:
Guarantees that the client will have ownership where the contractor fails to build the materials into the contract works.
Customs and Excise Bonds:
This product guarantees that the contractor shall re-import plant and equipment used for neighbour state contracts or cross border contracts.
Mining Rehabilitation Guarantee’s
Mining operations are required by law to make provision for the rehabilitation of the environment once operations cease. Many mines are not granted mining rights because of insufficient proof of their ability to rehabilitate the environment once operations stop. This product will help you get your operation on the road to success, without significantly affecting your cash flow when starting up operations.
Other Service offerings:
Mountbatten is a comprehensive Short Term Insurance brokerage with experience and product offerings that include; construction, mining, industrial, agricultural, commercial, motor fleets and marine.
Mountbatten is also a comprehensive Long Term Insurance brokerage with experience and product offerings that include; Retirement funds, Group Risk Benefits, Medical Scheme benefits, Estate Planning, Business Assurance, Individual Investments, Company Investments, Life Cover and all its aspects and Gap Insurance.
Mountbatten is a registered financial services provider. FSP number 21332.