ENGINEERING
" Insuring the minds and assets of Innovators."
Our company comprises of a specialized team of experts who will provide the information necessary to allow you to make informed decisions regarding the adequacy and type of cover you require.
Our experienced underwriting employees are supported by skilled and qualified assessors to assist you with risk appraisal, loss prevention or maintenance matters.
Our Tailor Made Engineering Cover
Engineering insurance is a comprehensive insurance policy designed to cover a wide range of risks related to the field. It offers complete protection against multiple risks such as equipment failure, loss of business income, design liabilities, project delay, bodily injury, and property damage.
While there are different types of engineering insurance policies, Engineers Insured offer insurance coverage that meet your specific coverage needs.
Choosing your business’s best engineering insurance policy is crucial as it ensures comprehensive protection against a host of risks you are exposed to as an engineer. Our insurance coverage includes:
- Business Interruption following
- Construction Guarantees
- Contactor All Risk/Works Policy
- Contractors Liability
- Deterioration of Stock
- Dismantling, Transit & Erection
- Loss of Profits
- Machinery Breakdown
- Plant All Risk
PLANT ALL RISK
Your on-site machinery (plant) is vulnerable to a number of problems such as breakdowns, vandalism and theft. Missing a project deadline can be bad news for your bottom line as well as your reputation. Plant All Risk Insurance covers you for loss of, or damage to, construction plant and equipment whilst in storage, transit, on the contract site or being use as a tool of trade.
Examples of plant include mobile compressors, graders, bulldozers, forklifts, trench diggers, dump trucks, front-end loaders, mechanical shovels etc.
- All Risks Cover covering sudden and unforeseen physical damage to machinery insured, by any cause or peril not specifically excluded under the policy.
- Annual or Monthly Policy options
- Various Premium Payment Options
- Sum Insured is New Replacement Value or Market Value
PLANT ALL RISK EXTENSION
The construction sector requires specialist machinery that may also be moved in between construction sites and projects. For example, equipment such as pumps, earthmoving, cranes, compressors, may all fall under this category. The equipment is critical to the construction project being a success and making contract deadlines. Construction equipment is exposed to harsh conditions.
- Contractors’ Plant / Site Liability
- Road Risk Third Party Liability
- Road Risk Own Damage
- Windshield Cover
- Replacement Hire Charges
- Goods on the Hook
- Tandem Lifts
- Hired In/Out Plant
- Continuing Hire Charges
- Recovery Costs
- Salvage
- Credit Shortfall
- Excess Buyback
- Loss of use
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