Engineering Insurance

Engineering Insurance cover is a type of insurance specially designed to protect businesses involved in Construction, Engineering, Manufacturing and Infrastructure projects against various risks associated with their operations.

This specialized insurance provides coverage for the unique risks faced by Engineering firms, Contractors, Manufactures, Factories and Project Owners. It includes multiple sections that are tailored for different Engineering sectors including the Civil, Mechanical and Electrical Engineering Sectors.

The Product can include tailormade sections, however, it’s commonly known to include:

  • Contractors’ All Risks
  • This provides a Comprehensive cover for the property being worked on by a Contractor or a Construction Developer.
  • Contractors’ Plant and Equipment
  • This sections provides a Comprehensive cover for Machinery, Tools and Equipment used by contractors in a construction project.
  • Machinery Breakdown
  • Covers sudden and unforeseen physical damages to the machinery and equipment as a result of mechanical or electronic breakdown.
  • Contractors’ Plant and Equipment
  • Provides a Comprehensive cover for Machinery, Tools and Equipment used by contractors in a construction project.
  • Contractors’ Liability
  • Covers Contractor’s against third-party claims for bodily injuries and third-party’s damaged property.
  • Completed Civil Engineering Risks
  • Covers financial losses as a result of Structural defects, design flaws and other unforeseen losses following a completed project.
  • Erection All Risks 
  • Covers for damages caused during the installation of machinery or equipment in a factory or onsite.
  • Electronic Equipment 
  • Gives a Comprehensive cover for Electronic Equipment that processes data.
  • Deterioration of Stock
  • Covers perishable goods or stock that spoils or become unfit for consumption, following a Machinery Breakdown loss.
  • Loss of Profits
  • Covers the loss of profit as result of Machinery Breakdown or damages to Electronic Equipment.
  • Dismantling and in Transit Cover
  • Provides coverage for the risks associated with dismantling, transporting and reinstalling machinery or equipment.
  • Renewal Energy
  • Provides cover against property damages, and mechanical breakdown associated with solar, wind, hydro, biomass and geothermal installation.
  • Project Delays/ Advanced loss of profits

Protection for financial losses and additional expenses resulting from delays in completion of a construction project.