Engineering Insurance Policy.

  1. Contractors All Risks (CAR)
    This policy provides cover for contract works undertaken by contractor against any
    unforeseen physical loss or damage. The policy covers the total contract value including
    cost of materials and equipment and the policy can be extended to cover against
    legal liability to third parties as well as the contractor’s plant and machinery used in the
    project.
    2. ERECTION ALL RISKS (EAR)
    Provides cover for erection works undertaken by the contractor against any unforeseen
    physical loss or damage.
    The policy extends cover against legal liability to third parties arising out of and in the
    course of the erection works.
    3. MACHINERY BREAKDOWN
    Covers against sudden and unforeseen accidental physical damage to insured’s plant,
    machinery and equipment while at work or at rest.
    The policy extends to cover against loss or damage due to faulty operation, adjustment,
    casting, vibration, entry of foreign objects, loosening of parts, self-heating and
    centrifugal force.