This Product covers failure of industrial machinery including Contractor’s all risks insurance, Erection all risks, Machinery breakdown and Electronic equipment insurance.
The company offers covers on various classes of engineering insurances as follows:
Contractor’s All Risks (CAR) Insurance
This insurance provides comprehensive and adequate protection against loss or damage in respect to the contract works, construction plant and equipment and/or construction machinery as well as against third party claims in respect to property damage or bodily injury arising in connection with the execution of the contract.
Erection All Risks (EAR)
This insurance offers comprehensive and adequate protection against all the risks involved in the erection of machinery, plant and steel structures of any kind as well as third party claims arising from the execution of the project.
The cover was developed to grant industry effective insurance cover for plant, machinery and mechanical equipment at work, at rest or during maintenance operations.
Electronic Equipment Insurance (EEI)
Electronic equipment insurance is “Accident” insurance on an all risk basis, covering sudden and unforeseen losses which physically affect the equipment insured.
For more information on this product, kindly get in touch with us or visit any one of our branches.