Engineering Insurance
1- Contractors All Risks (C.A.R)
This insurance policy addressed Mainly to Contractors / Principal during construction Phase For Civil Works to cover any sudden and unforeseen physical loss such as:
Main Perils are Covered under C.A.R policy
including but not limited to:
Other cause of loss not explicitly excluded.
Extension Cover including but not limited to:
Supplementary Property Covered under C.A.R policy beside primary scope of works including but not limited to:
2- Erection All Risks (E.A.R)
This insurance policy addressed Mainly to Contractors / Principal during Erection Phase and Testing and Commissioning Phase For Electromechanical works to cover any sudden and unforeseen physical loss such as:
Main Perils are Covered under C.A.R policy
including but not limited to:
Other cause of loss not explicitly excluded.
Extension Cover including but not limited to :
Supplementary Property Covered under E.A.R policy beside primary scope of works including but not limited to:
3- Contractors plant and Machinery (C.P.M)
This insurance policy addressed Mainly to cover External Damage to contractors' plant and Machinery against any sudden and unforeseen physical loss during operation, rest and maintenance such as:
Main Perils are Covered under CPM policy
including but not limited to:
Other cause of loss not explicitly excluded.
Extension Cover including but not limited to:
4- Machinery Breakdown (MB)
This insurance policy addressed Mainly to cover internal Damage to Machinery against any sudden and unforeseen physical loss during operation, rest and maintenance such as:
Main Perils are Covered under MB policy
including but not limited to:
Other cause of loss not explicitly excluded.
Consequential Cover to Machinery Breakdown insurance Policy:
This insurance policy cover deterioration of Stock to any Type of Commodities such as Chicken, meat, Dairies, fruits and Vegetables deteriorated due to Failure of Refrigerators.
This insurance policy Cover Gross profit and fixed cost incurred by policy stake holder during business interruption period due to Machinery Breakdown.
Business interruption period Limited to the period of Machinery repair or replacement.
5- Electronic Equipment policy (EE)
This insurance policy addressed Mainly to cover Electronic Equipment against any sudden and unforeseen physical loss during operation, rest and maintenance such as:
Main Perils are Covered under EE policy
including but not limited to:
Other cause of loss not explicitly excluded.
Optional cover:
The expense incurred by insured to rent an alternative electronic equipment during business interruption following Covered loss.
- The expense of external data media (CD’s and other storage media).
- Cost of Reconstruction data Following to covered loss.
6- Civil Engineering Completed Risks insurance Policy (CECR)
This insurance policy addressed to Principal and operators to cover Civil Engineering Completed risks against unforeseen and sudden physical loss during operation phase.
Main Perils are Covered under CECR policy
including but not limited to: