1. PLURAL AGENCIES LTD INSURANCE BROKERS FOR THE ASSOCIATION OF PROFESSIONAL ENGINEERS OF SAINT LUCIA

2. PLURAL AGENCIES LTD WHO WE ARE  Established in 1988, we are an independent insurance broker, not an agent of any insurance company OUR FUNCTIONS OF A BROKER  We offer professional and impartial advice  often advantageous for businesses, especially those that require a tailored package with several types of business insurance  They can save you time and often prove less expensive than negotiating with insurers yourself  As an independent broker, our first priority is the client, and not the insurer  Our services are free. We do not charge the client. The only fee received is a commission from the insurer  A good broker should inform you which aspects of different insurance policies suit your business and which aspects are less relevant, and ultimately give you time and space to make the final decision yourself.

3. INSURANCE COMPANIES IN SAINT LUCIA SAGICOR LIFE INC SAGICOR GENERAL INSURANCE M & C GENERAL INSURANCE BEACON INSURANCE ISLAND HERITAGE NEW INDIA ASSURANCE GTM INSURANCE NAGICO ST. LUCIA INSURANCES GULF INSURANCE EASTERN CARIBBEAN INSURANCE UNITED INSURANCES EC GLOBAL INSURANCE GUARDIAN GENERAL PLURAL AGENCIES LTD

4. TTICL Trinidad & Tobago Insurance Consultants Ltd ICG Insurance Consultants of Grenada Ltd PLURAL AGENCIES LTD OVERSEAS AFFILIATES

6. PLURAL AGENCIES LTD CONTRACTORS ALL RISK POLICY CONTRACT WORKS  Covers physical loss or damage to the Works  Contractor’s plant, machinery and equipment owned or hired whilst on location of contract  Professional fees- Architects, Surveyors, Consulting Engineers, Legal and other Professional fees  Debris Removal

7. PLURAL AGENCIES LTD CATASTROPHE PERILS  Hurricane  Cyclone  Tornado  Storm  Tempest  Windstorms  Sea-waves or overflow of the sea, or flood caused thereby  Earthquake or seaquake or tidal wave  Volcanic eruption OTHER PERILS  Fire  Aircraft and impact damage  Burglary and theft  Riot and strike  Labor disturbances  Malicious damage  Explosion PERILS COVERED

8. PLURAL AGENCIES LTD CLAUSES AND EXTENSIONS  Indemnity to Principal Clause  Automatic Reinstatement  Accidental Damage to UNDERGROUND Cables, Water mains/ Pipes and Sewer Lines  Vibration, Removal or Weakening Support can be covered with a thorough report of site and the surrounding property  Maintenance Cover – 6 months to 1 year(depends on type of contract)  Transit Risks- excludes sea or air transit, employees tools and effects and road vehicles  Off Site Cover – materials and goods stored offsite

9. Deductibles for Catastrophe Perils (Earthquakes, Volcanic eruptions) Deductibles for Catastrophe Perils (Earthquakes, Volcanic eruptions) Loss/ Damage due to faulty design Loss/ Damage due to faulty design Consequential loss of any kind, that is, loss in trade/ revenue because of damage on site, delays in the contract which would increase the contractors expenditure Consequential loss of any kind, that is, loss in trade/ revenue because of damage on site, delays in the contract which would increase the contractors expenditure Loss/ Damage to Plant/ Machinery/ Equipment due to explosion/ mechanical/ electrical breakdown Loss/ Damage to Plant/ Machinery/ Equipment due to explosion/ mechanical/ electrical breakdown War invasion, Nuclear Reaction, Nuclear Radiation, Terrorism War invasion, Nuclear Reaction, Nuclear Radiation, Terrorism PLURAL AGENCIES LTD What is Not covered (Exclusions)

10. PLURAL AGENCIES LTD LIABILITY INSURANCES PUBLIC LIABILITY INSURANCE  This insures against accidental bodily injury or illness to third parties as well as accidental loss of, or damage to property belonging to third parties, caused by an accident at the construction site.  The policy also indemnifies for legal costs and expenses recovered by a claimant from the insured  Consequential loss is covered once it is resulting directly from such injury or damage  N.B Damage to third party Property caused by vibration or subsidence from nearby buildings due to piling works-not a negligent act-a calculated risk- accidental

11. PLURAL AGENCIES LTD LIABILITY INSURANCES EMPLOYER’S LIABILITY INSURANCE  injury to employees because of negligence on the part of the employer, e.g. lack of safety equipment

12. PLURAL AGENCIES LTD LIABILITY INSURANCES PROFESSIONAL INDEMNITY INSURANCE  applies to professionals such as contractors, engineers, architects and others  Insured is indemnified against claims for breach of professional duty made against him/her in the conduct of his business  These breaches can be due to any negligent act, error or omission  Offered on a claims made basis.  Insurers who offer PI cover: United Insurance and Lloyds Brokers  Issues of Jurisdiction: St. Lucia and worldwide except USA

13. PLURAL AGENCIES LTD BONDS  Performance Bond- can be issued by insurance companies or banks  Bid or Tender Bond-export contract-issued by a bank or other financial institution  Advance Payment Bond- monies advanced will not be lost due to poor performance or default by the contractor  Retention Bond- type of performance bond withheld after completion to remedy defects

14. PLURAL AGENCIES LTD M &C GENERAL SAGICOR GENERAL GUARDIAN GENERAL NAGICO THE BOND MARKET EC GLOBAL ST. LUCIA INSURANCE

15. PLURAL AGENCIES LTD COST OF INSURANCE?! Premium= Risk= Value of contract works X Time on Risk X Expertise/ Perception of Contractor X Nature of the Contract X Claims Experience EX: 4 Projects in last year>11 million: CAR+ EL=0.95& to 1.25% of Total Value of the Contract Works

16. PLURAL AGENCIES LTD