Engineering Insurance
Engineering insurance safeguards the risks faced by ongoing construction projects, installation projects and machines and equipment in project operations.
Who are Covered for Engineering Insurance?
General Contractors
Real estate companies – construction related
Manufacturing companies or factories with machinery & equipment involved
Companies involved in construction of roads, runways, bridges, tunnels, etc.
Broadcast & television companies
IT or systems related companies
Engineering Insurance Coverage
Boiler & Pressure Vessel Insurance
Provides accident insurance for boilers and pressure vessels that are normally used in steam power stations and factories, covering the risk of explosion and collapse
Contractor’s All Risks Insurance (CAR)
Offers comprehensive protection against physical loss or damage to a building, construction plant and/or machinery in relation to contract works and other civil engineering works
Civil Engineering Completed Risk
Grants comprehensive cover for civil engineering structures such as roads, runways, bridges, tunnels, dams, pipelines, sewer systems and other similar projects after their completion
Deterioration of Stocks following a Machinery Breakdown
Provides cover against deterioration of goods placed in cold storage due to a breakdown of refrigerating machinery
Erection All Risks Insurance
Offers full protection against the risks involved in the erection of machinery, plant and any steel structures and electro-mechanical works
Electronic Equipment Insurance
Provides accident insurance on all risks basis, covering sudden and unforeseen loss or damage, which physically affects EDP, office, communication, graphics industry, broadcast and television, and other miscellaneous electronics equipment
Machinery Breakdown Insurance
Covers machinery, mechanical equipment and apparatus against accidental breakdown
Machinery Loss of Profit (MLOP) following Machinery Breakdown
Provides cover for the actual loss of profit sustained as a result of a business interruption caused by an accident indemnifiable under Machinery Breakdown Insurance
Ensuring Your Safety and Cash Flow
Engineering insurance safeguards the risks faced by ongoing construction projects, installation projects and machines and equipment in project operations.