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ENGINEERING
Descriptions

Engineering Insurance refers to the special type of Insurance that provides comprehensive protection against loss or damage to contract works, erection works, construction plant and equipment and /or construction machinery, breakdown of electronic equipment and machinery, as well as third party claims (property damage or bodily injury) arising in connection with the execution of a construction or erection work or explosion of boilers and pressure vessels.


Contractors’ All Risks – CAR
 “ALL RISKS” protection against loss or damage in respect of the following:
•    contract works
•    construction plant
•    equipment and/or construction machinery 
•    third party claims in respect of property damage or bodily injury arising in connection with the execution of a project.

Scope of Cover
•    Fire, lightning, explosion, crashing aircraft
•    Flood, inundation, rain snow, avalanche? and tsunami
•    Windstorm of any kind
•    Earthquake, subsidence, landslide, rockslide
•    Theft, burglary
•    Bad workmanship, lack of skills, negligence malicious acts
•    Third Party Liability (extension)


Erection All Risks – EAR
Offers comprehensive and adequate protection against accident resulting in damage or destruction in the erection of the following:
•    machinery
•    plant and steel structure of any kind
•    third party claim with respect to property damage or bodily injury arising in connection with the execution of an erection project.

Scope of  Cover
•    Fire, lightning, explosion, crashing aircraft
•    Flood, inundation, rain, snow, avalanche and tsunami
•    Windstorm of any kind
•    Earthquake, subsidence, rockslide, landslide
•    Theft, burglary
•    Faults in erection
•    Negligence, lack of skills, lack of experience, malicious acts
•    Short-circuiting, arcing, excess voltage
•    Excess pressure or vacuum, tearing apart on account of centrifugal forces


Electronic Equipment – EEI
Protects your interest by insuring your electronic data processing equipment, communications equipment, medical equipment and other electronic systems. The availability of electronic equipment is essential to the smooth running of your operations.  Despite appropriate safety measures and the employment of skilled staff, the possibility of damage can never be totally eliminated.

Scope of Cover
•    Fire / Lightning
•    Explosion, Impact/collision
•    Earthquake
•    Typhoon
•    Flood
•    Strike, Riot, Civil Commotion
•    Lack of skills, improper handling, negligence
•    Short-circuit, low/excessive voltage induction
•    Faulty workmanship, error in design, defective material
•    Theft / Burglary

Subject matter insured:
•    Communications electronic equipment
•    Industrial electronics equipment
•    Computers
•    Medical Equipment (X-ray machines, scanners and the like)
•    Other electronic equipment


Machinery Breakdown – MB
An accident insurance on machinery and mechanical equipment.  It covers unforeseen and sudden physical loss of or damage to the insured items, necessitating repairs or replacement.

Most Common Perils
•    faulty design, workshop or erection faults, faulty casting and material
•    lack of skill, carelessness, malicious damage, faulty operation
•    short-circuiting and other electrical causes
•    shortage of water in boilers
•    tearing apart on account of centrifugal force
•    physical explosion, flue gas explosion in boilers
•    storm, frost, drifting ice

What can be insured
•    boilers with auxiliaries such as blowers, feed pumps oil firing equipment, fans
•    Electrical equipment, including alternators and generators, motor, rectifiers, switch gears and transformers
•    lifting equipment such as cranes of all types
•    mechanical plant including engines, turbines, blowers compressors, pumps, machine tools
•    process machinery, in such industries as cold storage, paper/pulp making, printing, rubber, plastic, textiles
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Boiler & Pressure Vessel – BPV


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