We provide Construction and Engineering Insurance Solutions
Contractors All Risks
- Covers building, civil and mechanical engineering projects against risks during construction or erection (e.g. flooding, fire or explosion, theft)
- Also covers Third Party Liability risks
- Loss of Profits as a consequence of a delay in project start-up can be covered
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Plant All Risks
- Covers primarily mobile construction plant and machinery against risks of external damage (e.g. accidents on site) and theft.
- Plant can be underwritten on “New Replacement Value” and “Market Value”.
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Machinery Breakdown
- A machinery breakdown insurance policy provides cover for Sudden and unforeseen physical damage to machinery at the insured’s premises whilst in operation, at rest, or during maintenance.
- Loss of Profits as a consequence of machine’s downtime can also be covered.
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Electronic Equipment Insurance
- Covers electronic/computer equipment against risks of external damage (e.g. dropping, impact), breakdown and theft
- Loss of Profits as a consequence of machine’s downtime can be covered
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Civil Engineering Completed Risks
- Covers civil engineering projects against natural hazards after construction is completed
- Loss of Profits as a consequence of the damage can be covered
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Construction Related Guarantees
- Bid Bonds/Securities:
undertaking to issue a guarantee where the contractor is awarded the contract
- Advance Payment Guarantees
guarantee to repay the Employer should the contractor use the advance other than for the purchase of the contract materials etc
- Performance Guarantees
guarantee that the contractor will perform the work as specified in the contract
- Retention Guarantees
guarantee that the contractor shall provide repairs and/or maintenance for a specific period
- Materials On/Off-Site Guarantees
guarantees ownership to the employer where the contractor fails to build the materials into the contract works
- Customs and Excise Bonds
guarantee that the contractor shall re-import plant and equipment used for neighbour state contracts
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