Engineering Insurance

Contractor's All Risks & Third Party Liability Insurance (CAR)

These are comprehensive covers for all types of civil and engineering construction projects such as office buildings,roads,factories,tunnels,dams, etc.Coverage comprises protection against physical loss or damage and third party liability arising from a broad range of natural hazards or accidents similar to our Fire & Property All Risks policy.Protection can also be extended to cover debris removal expenses,inland transit,maintenance liabilities, contractor's plant, etc.

Erection All Risks & Third Party Liability (EAR)

EAR provides protection for all kinds of erection works, e.g. equipment installation into Power Station,industrial plant and manufacturing plant, etc. The basis of the cover is similar to our CAR policy.

Period of Insurance for CAR/EAR

The insurance period shall be in accordance with the time limit of the Project.It can include installation period and 12-month maintenance period since Project completion.Furthermore,EAR insurance can be extended to cover testing & commissioning period.

Documents Required When Applying for above Insurance

Please submit below specified documents to the insurer:

1. Project Contract
2. Time Schedule of Project
3. Layout or Site Map of Project
4. Value Breakdown of Project
5. Other documents required by Insurer

Machinery Breakdown (MB)

Electrical & mechanical breakdown or derangement is a major concern for industrial & business operations. Your plant & equipment can be protected under this cover against physical loss or damage from a wide range of causes, including:

• Faulty design,casting and materials,faults at workshop or in erection;
• Faulty operation;
• Over voltage,overloading,short-circuits,etc.

Notable exclusions are:

• Foreseeable damage such as wear and tear,faults known or should have been known before commencement of the insurance;
• Failure of utility supplies by non-accidental events;
• Exterior perils such as fire & natural hazard,etc.