هندسة

Engineering Risks Insurance

 

AXA offers a range of innovative solutions to cover engineering risks of your business with features including construction plants, machinery and electronic equipment.

 

AXA customized engineering insurance solutions are designed to cater to the specific needs of a Principal/Financial Institution. Our global expertise of AXA Corporate Solutions can be provided to support you with large projects.

 

We have a highly specialized team of qualified and experienced professionals, who are able to understand your requirements, works to provide you with the best engineering risk solutions at all project stages.

 

 

Contractor's All Risk Insurance:
The Contractors’ All Risks (CAR) policy is especially designed to provide you cover for loss or damage to civil engineering construction projects, ranging from a small villa to the construction of bridges or high-rise towers.
 

Key Benefits:

  • Accidental physical loss or damage coverage in respect to the contract works.
  • The policy covers the legal liability of the insured contractor as a result of bodily injury or property damage belonging to a third party and arising from the contracted work.
  • On request, the policy can be extended to cover various optional extensions.
  • A specialized team of engineers are available to help you in the implementation of risk management measures.
  • A dedicated team of claims specialists to assess your claims.
  • Possibility of issuing an annual policy for all work undertaken by a contractor.

Erection All Risks Insurance:
The Erection All Risk policy is especially designed to cover loss or damage to projects that involve the erection/installation of a plant, machinery and/or equipment, ranging from the erection of a single machine to a large power plant.
 

Key Benefits:

  • Accidental physical loss or damage coverage in respect to the contract works.

  • The policy covers risks associated with storage, assembly/erection and testing of plant and machinery.

  • The policy covers legal liability of the insured contractor as a result of bodily injury or property damage belonging to a third party and arising out of the erected work.

  • Optional extensions, which can be tailored to suit individual customers’ needs.

  • A specialized team of engineers available to help in the implementation of risk management measures.

  • A dedicated team of claims specialists are available to assess your claims.

  • It is possible to have an annual policy issued for all work undertaken by a contractor.

  • The policy can be taken out in the joint names of the contractor and the principal/employer.

Machinery Breakdown Insurance:
Whether you own a large enterprise or a small firm, machinery insurance is vital to you if you are operating a technical plant that includes industrial equipment.

Unexpected damage to machinery and equipment can pose a threat to a company halting production and resulting in potential financial losses as a result of unexpected delays.

Machinery Insurance covers a diverse spectrum of machines and equipment used and installed in commercial and production facilities.

 

Key Benefits:

  • Comprehensive cover for operational machinery whilst working or at rest and/or during overhauling, relocation within the premises.

  • The policy covers accidental damage to plant, equipment and machineries for operational failure, unforeseen conditions, operational negligence, etc.

  • Option to cover machinery loss of profits along with machinery breakdown cover.

  • On request the policy can be extended to cover various optional extensions viz. claim preparation costs, debris removal expenses, expediting expenses, etc.

 

 

Electronic Equipment Insurance:
Electronic Equipment Insurance is a specially designed policy which covers accidental loss or damage to electronic equipment to ensure that your business is up-and-running again in no time, minimizing or even eliminating any potential financial loss.


Key Benefits:

  • Specifically designed for electronic equipment with additional options to cover external data media and increased costs of working.
  • Suitable irrespective of trade and size of operations. 
  • Multi-locations can be covered under one policy.
  • Risk management advice and risk management consultancy services.
  • Reinstatement of sum insured following insured damage.

Why to Choose that Product’

  • AXA offers a range of innovative solutions to cater for the construction and erection projects

  • null

  • null

  • null