Engineering & Machinery Insurance

Provides economic safeguards to the risks faced by ongoing construction projects, installation projects, and machines and equipment in project operations.

Product categories:
i. Construction project all risks insurance
ii. Installation project all risks insurance

Coverage:
  • Material loss: the insured project loss caused by any accidents or natural disasters, except exclusions.
  • Third party liability: according to law, the insured shall assume compensation liability for the personal injury or property damage to the third party in construction sites and adjacent areas caused by the accident that directly relates to the insured project.
  • Exclusions: faulty engineering design, construction technology error, construction material quality defects, mechanical damage of machinery and equipment that happens without external momentum.

Workmen Compensation

Workmen Compensation provides compensation to employees for personal injuries sustained due to accidents or occupational disease arising out of or in the course of employment.

Contractor All Risks

Contractors’ All Risks Insurance cater mainly to the protection needs of the construction industry.

This policy is designed to provide protection against losses or damages in respect of the contract works at contract site and third (3rd) party claims arising in connection with the construction of a project.

Erection All Risks

The Erection All Risks insurance covers all kinds of erection and testing on individual machine, industrial machinery, industrial plants, steel works and/or structure as well as third (3rd) party property and/or bodily injury arising in connection with the erection work.

The cover may include Civil Engineering Works, Equipment for Erection, Removal of Debris, Professional Fees and Principal’s Existing Property.

Machinery & Equipment

Machinery & Equipment Insurance is designed to cover immobile industrial or commercial equipment. It covers various risks such as fire, lightning, theft and external accidental damage.

Machinery Breakdown Cover

Many businesses have invested large sums of money into acquiring machineries that fit their specific business requirements. However, these machineries can potentially breakdown or stop working.

The Machinery Breakdown insurance provides cover against sudden and unforeseen physical damage to your machineries whether at work or at rest and during cleaning, inspection, over-hauling, and removal to another position within the premises.
The policy covers all accidental damages or losses due any causes except those specifically excluded in the policy.

Workmen Compensation

Workmen Compensation provides compensation to employees for personal injuries sustained due to accidents or occupational disease arising out of or in the course of employment.

Contractor All Risks

Contractors’ All Risks Insurance cater mainly to the protection needs of the construction industry.

This policy is designed to provide protection against losses or damages in respect of the contract works at contract site and third (3rd) party claims arising in connection with the construction of a project.

Erection All Risks

The Erection All Risks insurance covers all kinds of erection and testing on individual machine, industrial machinery, industrial plants, steel works and/or structure as well as third (3rd) party property and/or bodily injury arising in connection with the erection work.

The cover may include Civil Engineering Works, Equipment for Erection, Removal of Debris, Professional Fees and Principal’s Existing Property.

Machinery & Equipment

Machinery & Equipment Insurance is designed to cover immobile industrial or commercial equipment. It covers various risks such as fire, lightning, theft and external accidental damage.

Machinery Breakdown Cover

Many businesses have invested large sums of money into acquiring machineries that fit their specific business requirements. However, these machineries can potentially breakdown or stop working.

The Machinery Breakdown insurance provides cover against sudden and unforeseen physical damage to your machineries whether at work or at rest and during cleaning, inspection, over-hauling, and removal to another position within the premises.
The policy covers all accidental damages or losses due any causes except those specifically excluded in the policy.

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