Engineering Liabilities Insurance
Protect your business from adverse financial impact arising from your construction and installation projects no matter what stage they are, as well as the machines and equipment used for the projects.
Protect your business from adverse financial impact arising from your construction and installation projects no matter what stage they are, as well as the machines and equipment used for the projects.
1. Contractor’s All Risks (CAR) Insurance: This policy provides coverage for any loss or damage to the property or third-party liability during the construction period. It covers the construction site, materials, and equipment, as well as any damage caused to third-party property or injury to third-party personnel.
2. Erection All Risk Insurance: This policy provides coverage for any loss or damage to the property or third-party liability during the installation and testing of machinery, plant, and equipment. It covers the erection site, materials, and equipment, as well as any damage caused to third-party property or injury to third-party personnel.
3. Machinery Breakdown Insurance: This policy provides coverage for any sudden and unforeseen physical loss or damage to machinery due to mechanical or electrical breakdown. It covers the cost of repair or replacement of machinery, as well as any business interruption losses incurred due to machinery breakdown.
4. Electronic Equipment Insurance: This policy provides coverage for any sudden and unforeseen physical loss or damage to electronic equipment due to mechanical or electrical breakdown. It covers the cost of repair or replacement of electronic equipment, as well as any business interruption losses incurred due to electronic equipment breakdown.