Engineering Insurance

These types of insurance are of utmost importance for all commercial facilities currently undergoing construction, including factories, public companies, hotels, and hospitals, as well as buildings, roads, and bridges.

This insurance also covers any losses or damages sustained due to these operations.

A. Contractors’ All Risks (C.A.R) Insurance

Insurance protects your construction projects and meets the legal requirements for coverage of the following aspects:

a. Physical damages that include:

Works undergoing construction

Heavy machinery and equipment as part of the project

Rubble removal

Existing properties

Materials provided by the business owner

b. Third Party Liability (T.P.L)

The insured person’s legal responsibility towards a third party for material and/or physical damages.

B. Erection All Risks (E.A.R)

Erection insurance covers damages caused by the following operations:

Erecting and operating electronic, mechanical, and electromechanical machinery, equipment, and tools, as well as water treatment and power generation facilities during the constructions’ implementation phase.

This type of insurance covers the following:

a. Physical Damages

Works being erected, shipping expenses, civil facilities, equipment, tools, rubble removal, and existing facilities.

b. Third Party Liability (T.P.L)

The insured person’s legal responsibility towards a third party for material and/or physical damages.

C. Contractor’s Plant and Machinery (C.P.M)

This insurance covers heavy machinery, equipment, plants, and tools owned and utilized by the insured person within the scope of his projects, regardless of their location throughout the year.

D. Boiler Explosion (B.E)

Insures boilers used in commercial buildings and factories, including pressure plants that are prone to explosions.

This insurance covers damages sustained by nearby properties as a result of a boiler exploding or catching fire.

E. Electronic Equipment (E.E)

This insurance covers damages that occur as a result of damage done to the programming stored in electronic equipment, thereby resulting in the loss of information and records.

D. Machinery Breakdown (M.B.D)

Insurance that covers mechanical and electric damages that may be incurred by your insured industrial machinery.

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