Solutions for All Engineering Risks
Our engineering insurance policy caters to different forms of uncertainties associated with the planning, equipment and execution of engineering projects. In an industry involved with creating and designing, construction and building, the increased chance of related accidents necessitates a comprehensive insurance policy to provide financial protection in case the unexpected occurs.
Product Description:
We provide engineering insurance for clients, giving them market-leading capacity, flexible coverage and the backing of a long-term, experienced partner. Our risk consulting, claims and underwriting teams have years of practical experience of leading the largest engineering risks and construction projects across the globe, covering a wide range of engineering classes, including oil and gas, power and utilities, heavy industries, transportation systems and heavy civil engineering projects.
Risks Covered:
Our client base and expertise is diverse, spanning engineering organizations and operations across oil and gas, power and utilities, heavy industries, transportation systems and heavy civil engineering projects:
Builders risk and construction all risks (CAR incl. TPL)
Erection all risks (EAR incl. TPL)
Operational all risks – power & mining segment (OAR)
Machinery breakdown (MB)
Business interruption and delay in start-up/advance loss of profits (BI and DSU/ALoP)
Latent/inherent defects (IDI)
Civil engineering completed risks (CECR)
Contractors’ plant and equipment/machinery (CPE/CPM)
Electronic equipment (EEI)
Project cargo
Combined policies for renewable energy (incl. liability and marine elements)
Risk consulting for engineering services