Engineering insurance provides coverage for various risks associated with construction and engineering projects. It protects against financial losses arising from unforeseen events such as construction delays, damage to equipment, and liability claims during the project lifecycle. This insurance is essential for contractors, engineers, and project owners to mitigate risks and ensure the successful completion of projects.
We provide a range of comprehensive engineering insurance options, designed to protect your projects and equipment. Customize your policy to suit the specific needs of your engineering endeavors, ensuring tailored coverage that safeguards against risks unique to your industry.
This policy affords owners of the boiler/ pressure plant protection against
This policy covers owners and financiers against unforeseen and sudden physical loss or damage from fire and allied perils, breakdown and short-circuiting to equipment such as Computers, Medical, Bio-Medical, Micro Processors and Audio-visual equipment.
The policy indemnifies the insured for loss of profits and/or additional expenses incurred following the loss or damage to the insured machinery caused by an insured peril.
This policy covers the continuing business expenses (standing charges), salaries and wages arising from Thermal Risks affecting the Machinery and Equipment of the insured. It may be extended to cover the net profit and increase in working costs. This list is not exhaustive, Whatever your needs are, let us help you today.
This insurance policy provides cover against any unforeseen or sudden physical damage to the insured’s property, whether at work or at rest, in the process of being dismantled for cleaning or overhauling, being shifted within the premises or in the process of being re-erected.
Provides cover for contract works, materials or any part thereof that shall suffer any unforeseen and sudden physical loss or damage from any cause. The policy can also be extended to cover other costs such as clearance of debris, Professional fees and more subsequent to the event giving rise to the claim. Vanguard Assurance Contractors All Risks Policy also provides:
This Insurance cover caters for the risks associated with the construction/erection of machinery, plant and steel structures involving minimal civil engineering works. There is a seeming similarity between the Contractors All Risk (CAR) and the Erection All Risk (EAR), but they are not similar. While the CAR covers for civil works and mostly structures needed to house or support a project’s expensive machinery and equipment, the EAR policy covers the erection of such Plant and Machinery.
This Insurance cover caters for the risks associated with the construction/erection of machinery, plant and steel structures involving minimal civil engineering works. There is a seeming similarity between the Contractors All Risk (CAR) and the Erection All Risk (EAR), but they are not similar. While the CAR covers for civil works and mostly structures needed to house or support a project’s expensive machinery and equipment, the EAR policy covers the erection of such Plant and Machinery.
