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Engineering Insurance

Machinery Insurance
This Insurance has been developed to grant industry effective insurance to the insured plant and machinery necessitating their repair or replacement due to sudden and unforeseen loss or damage to machinery.

 

Risk Covered:
The most important causes of loss or damage indemnifiable under this insurance are electrical or machinery Breakdown, faulty design, faults at workshop or in erection, defects in casting and material, bad workmanship, negligence, lack of skill, physical explosion.

 

Main Exclusions:
War or like operations, terrorism, riot, strike, civil commotion, nuclear reaction, radioactive contamination, wear and tear, exchangeable tools, fire, chemical explosion, acts of God, willful negligence, theft, consequential loss.  

 

Other related products available
• Loss of contents following machinery breakdown
• Contamination of contents following machinery breakdown





Electronic Equipment Insurance
This Insurance has been developed to grant industry effective insurance provides cover against unforeseen and sudden physical loss of or damage to Electronic Equipment necessitating their repair or replacements which generally have only low to moderate power requirement.

 

Risk Covered:
The most important causes of loss or damage indemnifiable under this insurance are short circuit and other electrical causes, fire, lightening, explosion, negligence, lack of skill and Burglary.

 

Main Exclusions:
War or like operations, terrorism, riot, strike, civil commotion, nuclear reaction, radioactive contamination, wear and tear, exchangeable tools or items, acts of God, willful negligence, theft, consequential loss.  





Boiler & Pressure vessel Insurance
This  Insurance has  been  developed  to  grant  industry  effective  insurance  cover  for  plant under steam, air or other pressure, such as boilers, economizers, super-heaters and miscellaneous pressure vessels and containers having valid inspection certificate issued by the competent authority.

 

This insurance policy can be extended to cover third party property damage and bodily injury.

 

Risk Covered:
The causes of loss or damage indemnifiable covered under this insurance are explosion and collapse damage (other than fire damage) to boilers or pressure vessels. 

 

Main Exclusions:
War or like operations, terrorism, riot, strike, civil commotion, nuclear reaction, radioactive contamination, wear and tear, failure of individual tubes, property belonging to insured, acts of God, willful negligence, consequential loss.   





Contractor’s All Risks Insurance
This  Insurance has  been  developed  to  grant  industry  effective  insurance  cover  against material damage to contract works and legal liability to third Party in respect of bodily injury and property damage in connection with the execution of a construction project. 

 

Risk Covered:
The most important causes of loss or damage indemnifiable under this insurance are Fire, Lightning, Explosion, Flood, Inundation, Windstorm, Earthquake, Theft and burglary.

 

Main Exclusions:
War or like operations, terrorism, riot, strike, civil commotion, nuclear reaction, radioactive contamination, cessation of work, wear and tear, defective material/workmanship/design, electrical or mechanical breakdown, willful negligence, consequential loss.  

 

Other related products available
• Contractor's Plant and Equipment Insurance
• Delay in Startup following CAR Insurance





Erection All Risks Insurance
This  Insurance has  been  developed  to  grant  industry  effective  insurance  cover  against material damage to machinery, plant and steel structures of any kind, as well as third-party claims in respect of property damage or bodily injury arising in connection with the execution of an erection project.

 

Risk Covered:
The most important causes of loss or damage indemnifiable covered under this insurance are Fire, Lightning, Explosion, Flood, Inundation, Windstorm, Earthquake, Theft, burglary, Negligence, Short-circuit and Testing.

 

Main Exclusions:
War or like operations, terrorism, riot, strike, civil commotion, nuclear reaction, radioactive contamination, cessation of work, wear and tear, defective material/workmanship/design, electrical or mechanical breakdown, willful negligence, consequential loss.       

 

Other related products available
• Contractor's Plant and Equipment Insurance
• Delay in Startup following EAR Insurance