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Engineering Insurance

Risks associated with the execution of construction or engineering projects are varied – and that is why, we have core specialists in engineering insurance who scrutinize every individual project for unique sets of risk pattern that affects your execution plan!

CONTRACTORS ALL RISKS INSURANCE

Contractors All Risks Insurance  is specially designed to insure civil works, where a major portion of the work does not relate to erection or installation of any plant or machinery.

This insurance offers cover under two   sections:

Section One   covers any sudden and unforeseen physical loss or damage to the contract works.

Section Two  covers your legal liabilities resulting from any third-party bodily injury or third-party property damage caused by an accident at the contract site. Cover can be extended to include construction plant and equipment, temporary buildings, maintenance period, offsite storage, inland transportation related to the project, etc.

FOR A QUOTATION, KINDLY SEND US THE FOLLOWING VALUES FOR WITH A BREAKUP BETWEEN THE FOLLOWING:

a. Name of the Principal / Owner of the Project
b. Name of the Main Contractor & Sub Contractor’s if any
c. Contract Value (an estimate would be sufficient, if tendering)
d. Contract Period with projected start date
e. Scope of Works and location of work-site
f. Limit of Indemnity required for Third-Party Liability insurance
g. A copy of the insurance condition of the contract, if available.
h. For large projects (normally over USD 25 million) a detailed Execution Plan/Method Statement, Time Schedule (Bar Chart), Site Report, Plans & Drawings, etc. will be required along with the above information.

ERECTION ALL RISK INSURANCE

Erection All Risks Insurance  offers cover is similar to Contractors All Risks Insurance with the exception that this cover is specially designed to insure engineering works where major portion of the work relates to erection or installation of any plant or machinery.

Note: The policy offers cover under two sections similar to a Contractors All Risk Insurance with an additional inbuilt cover for a 4-week testing period.

ANNUAL CONTRACT ALL RISK INSURANCE

 Annual Contract All Risk Insurance is designed to cover automatically all small civil engineering/maintenance contracts up to QAR 5 million in any one contract. The coverage offered is all risk.

FOR A QUOTATION, KINDLY SEND US THE FOLLOWING VALUES FOR WITH THE FOLLOWING BREAKUP:

Total value of all contracts whose individual contract value is below QR 5 million per contract.

PLANT & EQUIPMENT INSURANCE

Plant & Equipment Insurance is specially designed to cover your machineries, plants, cranes, equipment, etc.. This insurance is ideally suited for contractors who use their construction plants and equipment on-site at their client’s premises.

FOR A QUOTATION, KINDLY SEND US THE FOLLOWING VALUES FOR WITH THE FOLLOWING BREAKUP:

A detailed list of plant and equipment with value details.

Note: This insurance requires your plant and equipment to be valued at “new replacement value” to avoid under-insurance.

ELECTRONIC EQUIPMENT BREAKDOWN INSURANCE

Electronic Equipment Breakdown Insurance is specifically designed for electronic equipment and offers cover similar to the Plant & Equipment Insurance.

However, this insurance has two additional sections:

1. Section 2. External Data Media. This includes cover for expenses related to re-construction of information on data media following a loss covered under Section 1.

2. Section 3. Increased Cost of Working. This includes cover for additional expenditure for use of substitute equipment following a loss covered under Section 1.

FOR A QUOTATION, KINDLY SEND US THE FOLLOWING VALUES FOR WITH THE FOLLOWING BREAKUP:

A detailed list of equipment with their respective:

a. Value
b. Model
c. Manufacturer
d. Information on External Data Media and Limit of Indemnity required with respect to cover for re-construction of data and for cover under Section 3.

To get a quote or for more details, please contact our team at 44050555.