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This insurance will give you a protection against losses during both development activities and/or the development of a variety of civil engineering works, the installation of all the tools and machines as well as insurance against industrial machines on their own. It is quite important for those who have a business and dealing with construction and use of a variety of industrial machinery.
Engineering Insurance provides protection for the construction of buildings such as offices, factories, warehouses, highways (Contractors’ All Risk), the process of installation of machinery and equipment (Erection All Risk), damage to machinery and equipment (Machinery Breakdown, Boiler Insurance) and the protection of electronic equipment (Electronic Equipment Insurance).
CONTRACTOR’S ALL RISK INSURANCE (CAR)
It is an insurance that covers all the works associated with those that are usually performed by CONTRACTOR (company/individual) both dry civil engineering work and wet civil engineering, such as construction of offices, shops, factories, highways, airports, irrigation, dams , etc.
Object of Insurance :
1. Work/Contract Project
2. Other Interest
All damage or other losses that occur suddenly, unexpectedly as long as not excluded in the policy, as follows :
The Insured :
ERECTION ALL RISK (EAR)
It is an insurance which covers the Contractor or Project Owner of loss or damage that occurs during machine or electricity installation
Insurance Objects :
Risk Covered :
All damage/other losses that occur suddenly, unexpectedly long as not excluded in the policy, such as :
War, invasion, civil war, rebellion, revolution, mobilization of people, disobedience, riots, strikes, blockades work, riots, military, coup, confiscation, destructionon the orders ofthe authorities
The Insured :