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Engineering Insurance
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Contractor's All Risks Insurance

The policy has two Sections to cater for all contingencies associated with Contract works.
Section I: Material Damage This Section covers loss or damage to contract works and other ancillary facilities on comprehensive basis
Section II: Third Party Liability This Section covers legal liabilities to third parties arising out of accidental bodily injury or property damage in connection with contract works.
The policy provides protection throughout the construction period followed a maintenance period.

Erection All Risks Insurance (EAR)

The scope of cover is like the Contractor's All Risks Insurance but specifically designed for Erection/Installation projects, where the values of the Plant/Equipment dominates the Contract Value.

Machinery Insurance

The policy covers loss or damage to insured static Plant & Machinery against sudden, accidental and unforeseen physical loss or damage including mechanical/electrical breakdown.
It is a condition under the policy that Sums Insured declared should represent the New Replacement Values and that there shall be a satisfactory Maintenance Program throughout the period of Insurance.

Deterioration of Stocks Insurance (DOS)

The policy covers Deterioration of Stocks in refrigerated cold rooms/chambers following an incident, which gives rise to a claim under the underlying Machinery Insurance Policy. Therefore, availability of a Machinery Insurance policy is a pre-condition for Deterioration of Stocks Insurance.

In addition to Monetary Excess, the policy is usually subject to Time Excess.

Contractor's Plant & Machinery Insurance (CPM)

The cover is designed for Mobile Plant & Equipment used in construction sites against sudden, accidental and unforeseen loss or damage but excluding mechanical/electrical breakdown. The same criteria apply as in the case of Machinery Insurance.

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