- Has your engineering project been exposed to an accident that resulted damage to any other party?
-Did this damage caused to stop the project?
-Do you own a factory? What if the machines break down and stop working? How can you compensate for these losses?
Engineering insurance: It is the kind of insurance coverage for the ongoing construction project (CAR) & installation project (EAR), and for machines & equipment in a project
Dilnia insurance provides the below:
Contractors all risk (CAR):
The aim of requesting this coverage is to ensure that all parties are covered on a project, as it covers the damage of property and third party loss/damage. The coverage could be extended to cover the losses arising out of the delay in start-up due to an insured loss.
Erection all risk (EAR):
This type of cover is written to protect against the risk of a loss arising out of the erection and installation of machinery, plant and steel structures. It includes the coverage of physical damage to the contract works, machinery and the third party liability.
This type of insurance is typical for plant, machinery and mechanical equipment at work, at rest or during maintenance. It covers the sudden loss of the insured items necessitating repair or replacement of damaged insured item.
Many other lines of insurance risks under engineering insurance Dilnia offer such as Contractors plant and machinery (CPM), Machinery loss of profit, deterioration of stock, electronic equipment insurance and boiler & pressure vessel.