Engineering Insurance
Engineering Insurance
Civil Works and Building Insurance protects the project from the contract signing stage to the completion of the work. Protection can also include plant and equipment used in the work, as well as obligations to third parties arising from the performance of the work.
KINDS OF ENGINEERING INSURANCE
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Erection All Risks
Engine Installation and Testing Insurance provides protection from the moment the machine arrives at the site to handover after the test. Protection can also be extended to cover plant and equipment used for installation, as well as obligations to Third Parties arising from the installation of machines.
Contractor All Risks
Contractor's All Risks Insurance covers damage or loss to the insured item during the construction and maintenance period. Protection will also be provided for third party obligations during the construction period. Example: construction of roads, bridges, buildings, and others.
Machinery Breakdown
Machinery Damage Insurance, is designed to provide protection against physical loss or unexpected and sudden damage to the machine from any acceptable cause.
Machinery is an integral part of all manufacturing and industrial units involved in the production of industrial / household goods. This can happen to large industrial companies or small and medium enterprises where an unexpected accident / breakdown causing the main engine to stop can affect the business and cause financial pressure to repair or replace damaged machines.
Machine Breakdown Insurance offers protection for your organization against accident / unexpected events that come suddenly.
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Electronic Equipment Insurance
EEI guarantee is "All Risk", is a policy that guarantees sudden and unexpected causes. Covers mechanical and electrical damage to equipment unless such damage is compensated under the manufacturer's warranty for the maintenance contract.
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How does the guarantee on this insurance apply?
This policy applies whether the insured item is at work or at rest, or is being unloaded for cleaning, thorough maintenance or moved onsite, or during its operation, or during reinstallation, but in any case only after a successful test.
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Civil Engineering Completed Risks
This Civil Engineering Completed Risk Insurance or insurance for Civil Engineering Works that has been completed (read: CECR Policy) is designed to provide guarantees for Civil Engineering work structures after completion from the following risks:
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Fire, lightning strike, detonation, being hit by a vehicle or ship
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Aircraft crashes and / or collisions from equipment that fell from aircraft.
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Earthquake, Volcanic Eruption, Tsunami,
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Hurricane, hurricane
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Flood or water overflow, sea waves.
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Landslides, ground movement, collapse of reefs and other earth movements.
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Frozen, or damaged by snow, ice, avalanches
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The result of other people's evil deeds.
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Contractor's Plant and Machinery
Heavy equipment used when carrying out construction needs more protection. Like other equipment, equipment used in construction can also be subjected to a heavy risk with a significant loss. However, you can minimize this risk by insuring your construction tools or machinery.
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Contractor's Plant & Machinery Insurance is a solution to provide guaranteed protection for heavy equipment or machines used by contractors in a project that is used while working, is idle or not in use, or is being dismantled in the maintenance or overhauling process that is used when construction