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Engineering Insurance

Electronic Equipment Insurance

Machinery Breakdown Insurance

Machinery loss of profits Insurance

Contractors All Risk (Car) Insurance

Erection All Risk (Ear) Insurance

Contractors and Plant machinery Insurance

Boiler and Pressure vessel Insurance

Civil Engineering complete risk Insurance

Deterioration of stock Insurance
In modern society nearly all business and many individuals own costly machines which are essential for production or comfort.  The possession or operation of such plants bring the possiblities of breakdowns and the potential liability for injury or damage to others through, for e.g. bollers or pressure vessels exploding or a piece of machinery breaking down.  It is such sudden and unexpected financial losses that engineering policies are designed to cover.  The main classes of engineering insurance are briefly described as follows:
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Electronic Equipment Insurance Machinery Breakdown Insurance

The terms 'elctronic equipment' comprises, in the context of this Insurance, all electrical and electronic systems.  The insurance protects the owner as the operater, the lessor, or the maintainer, as well as the hirer.  Electronic equipment insurance is an 'accident' insurance on an all - risk basissudden and unforeseen losses which physically affect the subject matter insured.  Cover is provided on a first - loss basis both for the material value of the external data media used in computing facilities and the cost of reprocessing and restoring lost information. 

If in the of a breakdown, replacement computing capacity is hired, then the increased cost of working insurance applies.  It covers such expences as hire changes, transport changes for data media and personel, expenses for accommodation away from base, nightwork on public holidays and the like.

Machinery breakdown insurance covers any damage whether the equipment is at work or is at restand also when it is dismantled for the purpose of inspection, overhauling or shiffting to another position. Further damage to electrical machinery, due to fire originating within itself (which is excluded in the fire policies) is covered under this policy.
Contractors All Risk (Car) Insurance

This policy offers comprehensive protection in respect of contract works for loss or damage to construction plant and equipment and/or construction machinery, as well as for third party claims in resoect of property damaged or bodily injury arising in connection with the execution of a building project.  CAR insurance provides a all risk cover.  Every hzard is covered which is not specifically exclududed.  This means that almost sudden and unforeseen loss or damage occuring to the property insured on the site is covered.
Erection All Risk (EAR) Insurance

This brach of engineering insurance offers comprehensive protection agianst all the risk involved in the erection of machinery, plant and steel structures of any kind, as well as third party claims in respect of property damageor bodily injuryarising in connection with the excution of an erection project.

EAR insurance provides a very wide cover.   Almost any sudden and unforeseen loss or damage occuring to the property insured on the erection site is covered.

 

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