Engineering Insurance

Coverage protects against all risks subject to policy terms condition and exclusions. In addition, it protects machinery against multiple perils, as well as electronic equipment. There are various lines of insurance that are associated with this insurance class. 

Boiler and Pressure Vessel

 

Insurance for boilers and pressure vessels at work. Pressure vessels are widely used, especially in factories, and this insurance protects them against a wide range of covers, as per policy terms and conditions.

Contractors’ Plant and Machinery Insurance

 

This insurance is for all kinds of plant and machinery used on a construction site. The plant and machinery are either movable or can be fixed equipment. Contractors among others, need such coverage during their operations.

Electronic Equipment

 

This insurance is all types of electronic equipment, including: computers, servers, laptops, mainframes, scanners, printers, photocopiers, digital cameras, and projectors. The cover can be extended outside premises.

Loss of Profits Following Machinery Breakdown

This insurance is for a loss of profits (or business interruption) following a loss covered by the machinery insurance policy in force. When the machinery stops working, production is lost while other costs continue to accrue.

Contractor's All Risk

 

Coverage protects the construction of buildings and civil-engineering projects, such as tower blocks, offices, factories, warehouses, roads, bridges, and residential villas. Contractors need this insurance to protect their activities.

Deterioration of Stock in Cold Storage

 

Coverage encompasses deterioration of goods in cold storage due to a breakdown of refrigerating machinery. The deterioration is covered by the policy in force at the time of the incident. Cold storage facilities among other professions need this insurance.

Erection All Risks

 

This insurance is for the erection of machinery, plant, and steel structures of any kind. New factories involve the installation of new machinery, moreover as well as additional lines of production need this kind of insurance.

Machinery Insurance

 

This insurance covers all mechanical items against a wide range of risks that can occur during their operation or because of various working conditions. Relevant industries depends on machinery; therefore, this insurance is important for them.