We provide Construction and Engineering Insurance Solutions

Products and Services


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

Proposal Forms

 

 

Scintilla Contractors All Risk

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”.

Proposal Forms

 

Scintilla Plant All Risk

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.

Proposal Forms

 

Scintilla Machinery Breakdown

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

Proposal Forms

 

Scintilla Electronic Equipment Insurance

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
     

Proposal Forms

 

Scintilla Civil Engineering Completed Risks

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
     

Application Form

 

Latest News

SARB ordered to repay Shuttleworth R250m

The Supreme Court of Appeal (SCA) on Wednesday ordered the South African Reserve Bank (SARB) to repay entrepreneur Mark Shuttleworth R250-million plus interest in a case about exchange controls. In a statement on his website, Shuttleworth pledged to put the money, which must be repaid with interest, into a trust for Africans wishing to take on the state in the Constitutional Court.

Morocco gets $519m World Bank loan for solar power project

Morocco has secured a $519-million loan from the World Bank to partly finance two solar power plants with a combined capacity of up to 350 MW, the second phase of the 500 MW Ouarzazate project, the bank said in a statement on Wednesday. Results of tenders for construction of the two plants near the southern city of Ouarzazate, one of at least 200 MW and the other of at least 100 MW, are expected in the next few days, sources close to the deal said.