Engineering Insurance

This policy is available against unforeseen and sudden physical damage to the property by any cause. This applies to the insured plant and machinery whether at work or at rest, while being dismantled, or in the course of such operations themselves or while being shifted, re-erected, while such items are at erection site.

Scope of cover

Basically on average some of the covered perils forwarded include:

• Fire and lightning;
• Accidental damage like defective workmanship and material, lack of skill, negligence, malicious act or human error.
• Collapse, collision and an impact.
• Subsidence, landslide, rockslide.

Exclusions

Some of the basic exclusions include:

1. loss or damage as a direct consequence of the continual influence of operation like wear and tear, corrosion, rust, deterioration due to lack of use and normal atmospheric conditions;
2. loss or damage occurring whilst any insured item is undergoing a test of any kind or is being used in any manner or for any purpose other than that for which it was designed;
3. loss of or damage to plant and/or machinery working underground unless otherwise agreed by endorsement;