Insurance policies that protect both the contractor and the project owner against accidents, damage or loss of materials and works in progress, and construction equipment and machinery losses.
A wide range of Insurance Policy that has a wide range of coverage pertaining to Engineering Works & Equipment
CONTRACTORâS ALL RISK INSURANCE (CAR)
Insurance for buildings and civil engineering projects during construction against accidents resulting to loss or damage or destruction of materials, work in progress, construction plant and equipment and construction machinery. Also covers against third party claims of property damage and bodily injury arising in connection to the construction project.
ERECTION ALL RISK INSURANCE (EAR)
Offers comprehensive protection against all the risks involved in the erection or installation of machinery, plant and steel structures of any kind. Also protects against third party claims of property damage or bodily injury arising in connection to the project.
ELECTRONIC EQUIPMENT (COMPUTER) INSURANCE (EEI)
Covers all electrical items and electronic systems, such as EDP, medical, communication, lighting, and navigational equipment, as well as equipment used for research and materials testing. This extends to cover loss of data processing media and the information stored in it.
MACHINERY BREAKDOWN INSURANCE (MB)
Offers coverage for plant machinery and mechanical equipment at work, at rest or during maintenance operations.