Engineering Insurance is a comprehensive and adequate protection against accidental loss or damage including third party liability cover arising from construction projects, installation projects, machines, and equipment in project operation.
Following are typical engineering policies:
Machinery insurance covers you against accidental loss or damage to specified machinery including contingencies related to mechanical and electrical breakdown.
Cover provides protection both against explosion and collapse, a risk that is normally excluded from the material damage policy.
The basic concept of Contractors Plant insurance is to offer a comprehensive protection against loss or damage of construction, plant/equipment/machinery including whilst being operated on site.
Frequently Asked Questions
- Short circuits
- Power surges
- Mechanical breakdown
- Boiler breakdown
- Loss or damage due to faulty design, defective material or casting and/or bad workmanship in equipment manufacture
- Wilful negligence
- Consequential Loss
- Cessation of Work
To effect renewal you may: