Our Engineering insurance policies provides economic safeguard to the risks faced by the ongoing construction project, installation project, and machines and equipment in project operation.
Depending on the project, it can be divided into Constructor’s All Risks insurance and Erection All Risk insurance, Contractor’s Plant and Equipment and Machinery Breakdown insurance.
Other aspects of the engineering insurance policies that Activa provide are Deterioration of Stock, Electronic Equipment insurance.
This policy is specially designed to cover the loss or damage to predominantly civil engineering construction projects, ranging from small projects to the construction of huge bridges and high rise buildings.
This policy also enables the contractor or employer to comply with the insurance requirements of the contract and can be issued on a project by project basis or as an annual policy covering multiple projects in a year.
Damage to projects that involve erection/installation of plant, machinery and equipment is covered by this policy and it can range from erection of a single machine to a large power plant.
With this policy, the contractor or employer is protected against physical loss or damage to the contract works, construction plant and equipment or machinery. It also includes cover for physical injuries and damage to property belonging to third parties.
The policy can be issued on annual basis covering multiple projects in a year or a specific project.
This policy covers accidental loss or damage to electronic equipment such as:
Machinery Insurance is important for everyone operating a technical plant or machinery, whether they are large industrial enterprises or small firms, as unexpected damage to machinery and equipment can deter the progress of a company’s projects.
This policy covers a diverse spectrum of fixed machines and equipment in commercial and production facilities, such as:
The cover is designed to cover unforeseen and sudden physical loss or damage to mobile equipment owned, hired or leased. It covers those machineries and/or equipment against all risks except mechanical and electrical derangement whilst at work or rest, in transit as well as during maintenance.
This policy provides cover for loss of or damage by deterioration or putrefaction to goods stored in any cold storage space specified.