Engineering

Engineering

Engineering

You Build, We Shield

Contractors’ All Risks Insurance (CAR) is an insurance for buildings and civil engineering projects during construction against accidents, resulting in loss, or damage or destruction of materials, works in progress, construction plant and equipment and construction machinery.

CAR REQUIREMENTS

  • Copy of the Contract of Agreement
  • Breakdown of the Total Contract Value
  • Project Plans
  • Construction Schedule or Bar Chart

REQUEST FOR A QUOTE
























    YesNo



    Erection All Risks Insurance (EAR) is an insurance against accidents resulting in damage or destruction to machineries, equipment and apparatus during the process of erection or installation.

    EAR REQUIREMENTS

    • Copy of Contract of Agreement
    • Breakdown of the Total Contract Value
    • Bar Chart or Time Schedule
    • Project Plans

    REQUEST FOR A QUOTE


















      YesNo


      Electronic Equipment Insurance is an accident insurance on an “all risks” basis for electronic equipment such as:

      • Electronic Data Processing Equipment (EDP Equipment)
      • Electrical and radiation equipment for medical use such as electrocardiograph, X-ray and other radiation equipment in hospitals and medical laboratories, etc.
      • Communication facilities such as telephone exchanges, radio, television and communication apparatus, etc.
      • Miscellaneous equipment such as film and television studio equipment, automatic addressing, booking and invoicing machines, etc.

      EEI REQUIREMENTS

      • List of Equipment to be Covered
      • New Replacement Value of each Equipment
      • Survey of the Site (Optional)

      REQUEST FOR A QUOTE


















        YesNo


        Machinery Breakdown Insurance is, by its very nature, an accident insurance on machinery, mechanical equipment and apparatus resulting in mechanical breakdown.

        Machinery Breakdown Requirements

        • List / Technical Description of the Equipment to be Covered
        • New Replacement Value of each Equipment
        • Survey of the Plant (Optional)

        REQUEST FOR A QUOTE


















          YesNo


          A Boiler & Pressure Vessel Insurance Policy provides indemnity for accidents to boilers and pressure vessels resulting in explosion and collapse due to cause such as over-pressure and failure of safety valves, defective material, faulty workmanship, weakness in design.

          Boiler Requirements

          • Technical Description of the Boiler
          • New Replacement Value of the Boiler

          REQUEST FOR A QUOTE


















            YesNo


            Deterioration of Stock Insurance is an insurance against deterioration of goods placed in cold storage due to a breakdown of refrigerating machinery.

            REQUEST FOR A QUOTE


















              YesNo


              WHAT IT COVERS
              Loss of Profits following Machinery Breakdown Insurance provides cover for the actual loss of profits sustained as a result of a business interruption caused by an accident indemnifiable under Machinery Breakdown Insurance. Basically speaking, a loss due to an interruption or interference of business operations is made up of the following factors.

              – The reduction in turnover resulting from decreased production or other impairment of business operations caused by an accident.
              – The increase in cost of working, i.e. the additional expenditure necessarily and reasonable incurred for avoiding or diminishing the reduction in turnover.

              REQUEST FOR A QUOTE


















                YesNo


                RELATED ARTICLES

                Free insurance for traffic enforcers: What you need to know

                It can be tough to be a traffic enforcer in the Philippines. After all, it’s not a joke to stand in the heat all day and deal with everything from road accidents to raging tempers to heavy pollution. One can […]

                5 things to ask before getting insurance for the home

                Without a doubt, investing in home insurance is one of the smartest decisions you can make for your home. After all, it pays to protect your most valuable asset, especially in the event of any unfortunate incident that compromises the […]

                Motor Insurance 101: Understanding Own Damage

                You’re probably already familiar with the concept of motor car insurance. After all, there are many ways in which you can find yourself in an inconvenient or even life-threatening situation as far as your car is concerned, and it’s always […]