Engineering insurance provides comprehensive protection for engineering and construction projects against sudden and unexpected risks that may occur during construction or operation. This coverage includes damage to works, equipment, and machinery resulting from fire, explosion, natural disasters, or human error.
It also provides specialized protection for other activities, including production machines and equipment, whether heavy or electronic, in addition to the spoilage of materials stored in refrigerated warehouses.
These documents are essential tools for risk management in construction and industrial projects, ensuring business continuity and reducing potential losses, giving our clients confidence and stability in executing their projects efficiently and safely.
Contractors' All Risks Document
This document provides comprehensive protection for civil and construction contracting projects (such as buildings, roads, bridges, dams, airports, water and sewage lines).
Coverage includes unexpected and sudden material damage to permanent or temporary construction works from the start of the project and the handover of the site until the project is completed and handed over to the owner. It also extends to cover the maintenance period. It also includes natural hazards (earthquakes, floods, storms, landslides), fire, explosion, burglary risks, and civil liability coverage towards third parties for bodily or material damages resulting from the implementation of the project.
All Risks Installation Document
This policy provides comprehensive protection for electrical, mechanical, and industrial installation projects, such as production lines, machinery, equipment, and metal structures. Coverage includes damage during installation and even commissioning. Coverage also includes the risks of fire, explosion, burglary, storms, earthquakes, and human error. It also covers civil liability towards third parties.
Contractors' Machinery and Equipment Document
It covers all types of contractors’ equipment. Coverage under this policy applies during the operation of the insured units, during periods of rest or when they are dismantled during cleaning or overhaul, as well as during re-installation.
Examples: excavators, cranes, mixers, pumps, graders, loaders, generators.
Coverage includes:
Collision or overturning, as well as damage or loss due to slipping, fire, explosion, and robbery, and also includes soil collapse and
Natural hazards such as earthquakes, floods and storms.
Machinery Breakdown Document
Sudden and unexpected material losses or damages due to machinery malfunctions resulting from operational hazards. The damage may be caused by mechanical or electrical reasons.
Includes: boilers, pressure vessels, turbines, generators, transformers, production lines.
Insurance coverage includes defects in alloy or materials, faulty design, manufacturing or installation errors, lack of skill, negligence, boiler water shortage, explosion, parts flying off due to centrifugal force, electrical circuit short circuit, and storms.
Stock corruption document
Covers the spoilage of goods stored inside the refrigeration or freezing rooms as a result of a sudden failure in the refrigeration equipment, a power outage, or insufficient cooling reaching the stored goods as a result of any obstacles or leakage of the refrigerant gas, provided that the refrigeration equipment is covered under the machinery failure policy.
Electronic Equipment Document
Provides comprehensive protection for electronic equipment and devices such as computers, communication systems, medical devices, broadcasting and data processing devices, studio devices, and all electronic and data processing devices.
Examples of covered risks (fire, burglary, ignition, explosion, humidity, flooding and water leakage, intentional harm from others)
Storms – damage caused by power fluctuations.
Provides comprehensive protection for electronic equipment and devices such as computers, communication systems, medical devices, broadcasting and data processing devices, studio devices, and all electronic and data processing devices.
Examples of covered risks (fire, burglary, ignition, explosion, humidity, flooding and water leakage, intentional harm from others)
Storms – damage caused by power fluctuations.