Engineering Insurance

The basic concept of Engineering Insurance is to provide comprehensive and adequate protection against loss or damage in respect of the contract works, construction plant and equipment and construction machinery as well as third party in respect of property damage or bodily injury arising in connection with the execution of a building project.



 
Contractors’ Plant and Machinery (C.P.M) :

Contractors’ Plant and Machinery

C.P.M Covers Sudden and Unforeseen Loss or Damage occurring to Contractors Plant and Machinery whatever its type like Cranes, Lifting Equipment, Road Construction Machinery, Bridge Building Machinery, etc

The Cover provided on an Annual basis and extended to cover the Plant and Machinery while it works, during rest or maintenance or during transit from & to construction sites 

Normally the Insurers Liable for Loss or Damage due to the following causes:

  1. Fire, Theft, Burglary
  2. Faulty Operation 
  3. Flood, Inundation, Windstorm
  4. Earthquake, Landslide and Volcanism
  5. Impact

 The Coverage can be extended to include such as:

  1. Strike, Riot and Civil Commotion
  2. Inland transit
  3. Underground machinery