It includes a few types of policies, one of which is a Contractors All Risk policy.  The aforesaid is an “all risk” type of policy which insures all the risk you can possibly think of but excludes certain types of risk the Insurer is not willing to cover e.g., insurance risk to grant cover for the building of bridges, tunnels, roads and buildings. Adding to this method of Insurance is the use of scientific principles to design and build machines and insuring it against predefined risk but not only that, it also grants cover for the consequential losses arising out of the malfunction / ill-performance of the insured item.

What is Engineering Insurance?

It includes a few types of policies, one of which is a Contractors All Risk policy.  The aforesaid is an “all risk” type of policy which insures all the risk you can possibly think of but excludes certain types of risk the Insurer is not willing to cover e.g., insurance risk to grant cover for the building of bridges, tunnels, roads and buildings. Adding to this method of Insurance is the use of scientific principles to design and build machines and insuring it against predefined risk but not only that, it also grants cover for the consequential losses arising out of the malfunction / ill-performance of the insured item.

What type of policies are issued in terms of Engineering Insurance?

Machinery Breakdown Policy,

Including Loss of Profit Insurance of the aforesaid,

Plant All Risk Insurance,

Electronic Equipment Policy,

Erection All Risk and

Contractor’s All Risk Cover.

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