Specialised Insurance Product
Engineering Insurance
Who It’s For: Businesses
Overview: Engineering Insurance is a specialised product designed to protect infrastructure projects, machinery, and construction operations from unexpected losses during construction, installation, or ongoing use. Whether you’re laying foundations for a high-rise, installing critical equipment, or operating large earth-moving machines, this cover ensures you’re financially protected from start to finish.
Standard property insurance does not cover construction risks, equipment failure, or site damage. Engineering Insurance provides this protection, covering assets under construction, plant machinery, hired equipment, third-party liabilities, and project delays due to insured events.
• Civil engineering and construction companies
• Contractors and subcontractors (building, electrical, mechanical)
• Infrastructure developers (roads, bridges, pipelines)
• Businesses using high-value machinery or plant equipment
• Project owners and investors needing insurance for risk transfer
• Construction & Civil Works
• Mechanical & Electrical Engineering Projects
• Urban Development & Infrastructure
• Mining & Heavy Industry Sites
• Factories and Industrial Plant Installations
Contract Works Cover: Protects structures under construction against fire, collapse, flood, or damage.
Plant & Equipment Insurance: Covers owned or hired equipment, including cranes, mixers, drills, and mobile plant.
Erection All Risks (EAR): Cover for installation of mechanical and electrical equipment.
Machinery Breakdown Cover: Protection for fixed plant machinery after installation or during use.
Third-Party Liability: Covers legal costs and damages if construction causes injury or property damage to others.
Surrounding Property Damage: Protection if nearby property is damaged during construction.
Advanced Loss of Profits (ALoP): Optional cover for income lost due to project delays caused by an insured event.
Cross-Border Use of Equipment: Protects mobile plant and machinery transported and used across SADC.
• Buildings under construction
• Heavy-duty and small construction equipment
• Roadworks and civil engineering projects
• Mechanical and electrical installations
• Equipment being transported or used across multiple sites