The various disciplines of Engineering Insurance are:
- Electronic Equipment
- Machinery Breakdown
- Machinery Breakdown Loss of Profits
- Plant All Risks
- Contractors All Risks
- Deterioration of Stock in Cold storage
- Erection All Risks
- Advance Loss of Profits
1. ELECTRONIC EQUIPMENT (Computers)
This covers computers and ancillary equipment for sudden and unforeseen physical loss or damage.
Cover is also available for:
- External Data Media
- Reconstruction of Data
- Increased Cost of Working
(Necessary and reasonable costs to cater for the following, after a material damage claim e.g. Renting of substitute equipment, Overtime wages)
If you need a quotation for an Electronic Equipment policy, contact us.
2. MACHINERY BREAKDOWN
Cover: Sudden and unforeseen breakdown of the insured machinery.
The essence of this insurance is to cover machinery critical to your operations.
If you need a quotation for a Machinery Breakdown policy, contact us
3. MACHINERY BREAKDOWN LOSS OF PROFITS
Loss of profit resulting from reduction in turnover as well as increased cost of working following loss or damage covered in terms of the Machinery Breakdown policy.
If you need a quotation for a Machinery Breakdown Loss of Profits policy, contact us.
4. PLANT ALL RISKS
Covers accidental damage to mobile plant such as, but not limited to:
- Fork Lifts
- Front-end loaders
If you need a quotation for a Plant All Risks policy, contact us
5. CONTRACTORS ALL RISKS
In construction projects, the contract works and materials can be insured against unforeseen damage.
Either the contractor or the principal can take out this cover.
6. DETERIORATION OF STOCK IN COLD STORAGE
Damage to cold store machinery can result in perishables going bad, leading to loss of income. This policy provides compensation for such damage and s suitable for:
- Dairy Products
- Meat Industry
If you need a quotation for a Deterioration of Stock policy, contact us
7. ERECTION ALL RISKS
Plant and machinery in the course of erection or during commissioning is susceptible to loss or damage. The essence of this cover is to provide compensation in the event of accidental loss or damage during erection.
If you need a quotation for an Erection All Risks policy, contact us
8. ADVANCE LOSS OF PROFITS
Organisations venture into business with profit in mind. Damage to works undergoing construction or machinery in the course of erection would result in a delay in realising profit. This policy would indemnify the policyholder for loss of future gross profit. contact us