Engineering Insurance

Engineering Insurance
Engineering Insurance
Engineering Insurance

Engineering Insurance is a specialised product tailored to meet the unique characteristics and needs of different business areas.

It provides coverage that helps business owners manage their specific responsibilities and obligations, thereby mitigating risks effectively. This insurance is essential for protecting against the financial impacts of accidents, failures, and other liabilities specific to engineering projects and operations.

As a summary, Engineering Insurance offers vital protection tailored to the engineering sector, ensuring businesses can operate with confidence and security.

Engineering Insurance Solutions

Please note that the options listed are not exhaustive, contact us today to discuss your unique insurance solution and experience the superior service that Welwitschia Insurance Brokers is known for.

Construction

Construction

Engineering Insurance

Contractors All Risk insurance caters to both standard building contracts and civil engineering contract works. Coverage includes normal buildings such as private dwellings, home units, schools, university buildings, hospitals, and shopping malls.

The cover provides protection against accidental physical loss or damage to:

  • The structure being built
  • Materials used in construction
  • Labor costs incurred to enhance the value of the works
  • Free issue materials supplied by the owner
  • Temporary works, including temporary access roads, site accommodation, and water diversion works

Civil Engineering Coverage

These works are classified by the risks associated with standard earthworks like sewerage systems, underground pipelines, railways, and airports. It also covers more hazardous structures such as tunnels, mines, and bridge construction.

Erection

Erection

Erection Insurance coverage is similar to Contractors All Risk insurance, with distinctions detailed in the insurance schedule that specifies the specific operations covered.

This insurance protects against accidental physical loss or damage to:

  • Machinery/Equipment manufactured offsite and assembled onsite
  • Materials, primarily steel and metal
  • Manufacturer's risks, which remain with the manufacturer or producer
  • Testing of products, applicable only to new machinery and equipment

Plant

Plant

A product which provides wide cover for a contractor's plant, both on- and off-site and whilst located at the client premises or yard. All manner of plant, mobile (self-propelled or towed) and non-mobile plant can be insured.
Machinery Breakdown

Machinery Breakdown

This coverage is available to any business owners who rely solely on electrical or mechanical machinery owned and installed at their premises. It protects against sudden and unforeseen physical damage to the machinery caused by various events at the insured premises. Additionally, the coverage can be extended to include limited protection for consequential losses, such as the cost of hiring temporary replacement machinery, as well as full business interruption cover under the underlying MMIII policy