Building or Renovating Your Home: Ensure Your Contractor Has The Right Insurance!

ENGINEERING INSURANCE POLICIES provide both the contractor and the project owner protection against accidents, damage and loss of materials, work in progress, construction equipment and machinery.

We offer three (3) comprehensive Forms for your specialized needs:
  • Contractors' All Risks Insurance (CAR) - this provides coverage for small projects such as the erection of private dwelling buildings to large civil engineering projects. Construction of condominiums, offices, buildings, hospitals, schools, factories, roads and bridges are just a few examples of where CAR can be applied. The policy protects you against all risk of loss or damage, including hurricane, cyclone, tornado, windstorm, fire, explosion, theft of site materials and impact damage and is limited only by the Policy Exclusions.The policy can also cover you against third-party liabilities that can arise from the actual construction of the project.
 
  • Erection All Risks Insurance (EAR) - provides coverage against accidents resulting in damage or destruction to machineries, equipment and apparatus during the process of erection or installation. EAR would be applicable to contractors who install elevators, air-conditioning units, generators and electrical systems.The policy can also cover you against third-party liabilities that can arise from the erection of the project.
 
  • Machinery Breakdown Insurance (MBI) - provides coverage for machinery, mechanical and electrical equipment against breakdown due to accidents. This type of insurance would typically be applied to transformers, compressors, pumps and generators. Faulty design, lack of skill and explosions are just some of the causes that can be covered by MBI. The policy can also cover you against third-party liabilities that can arise out of explosion or collapse or tearing apart on account of centrifugal force of the insured property.
Personal Insurance Commercial Insurance