Construction and other Engineering companies are usually exposed to varying forms of risks at every stage of their operations. These risks require careful and accurate evaluation to avert huge losses that can have damaging effect on your business.
Our specialist underwriters, risk engineers and claims adjusters are familiar with the unique challenges of this industry. We therefore designed our engineering insurance policies in line with industry best practice to protect your assets/business against accidental and unforeseen risks.
You have the choice to select from our tailor-made engineering products:
- Contractors’ All Risk (CAR):
Our CAR policy provides wide-ranging protection against loss or damage relating to the contract works, construction plant, equipment, and machinery. It can also be extended to cover third-party claims for property damage or bodily injury that may occur in the course of construction works.
- Erection All Risks (EAR):
Our EAR policy safeguards you against all the risks associated with the erection of machinery, plant and steel structures of any kind. Similarly, it can also be extended to cover any third-party claims connected to property damage or bodily injury as a result of the execution of an erection or installation project.
- Contractors’ plant and machinery (CPM):
Our CPM insurance covers plants or machinery that provide service when under the control of an operator.
- Machinery breakdown:
Our policy provides insurance protection for machinery, plant and mechanical equipment at work, at rest or when under-going maintenance. This policy covers all types of machinery, plant, mechanical equipment and apparatus.
- Electronic equipment (EEI):
Electrical and electronic devices are delicate and expensive to replace. They form vital part in the success of most businesses. The EEI policy, covers a wide range of hazards except if it is specifically excluded. This means that, almost any sudden and unforeseen losses which may affect the electronic equipment or devices may also be covered.
Other aspects of the engineering insurance policies that Activa provide are Deterioration of Stock, Electronic Equipment insurance.