Engineering & Construction

• Building construction/superstructure (housing, office, hospitals, schools, university, hotels, research, factory, recreation, culture building) 
• Infrastructure (rolling stock, pipelines on ground, waste handling)  
• Civil works (roads, bridges, railway lines, airports) 
• Power including green energy projects, short to mid-term projects. 
• Engineering plants (machinery, chemical, cement, steel & metal, pulp & paper, transportation, process, Information Technology IT) 
• Process plants (manufacturing general, food beverage, agriculture) 
• Machinery breakdown (MB) business 
• Annual contracts (worldwide EAR / CAR master covers) – Mainly export orientated EAR focused clients. This largely consists of mid-sized business with a good track record and limited coverage scope in respect to NAT CAT or SRCC risks.  

• Wet works (jetties, river embankment)  
• Unproven technologies including upgrades/scale ups of Proven Technology 
• Risk with period > 5 years and > 2 years maintenance at inception 
• Testing and Commissioning cover for Second-hand Equipment unless refurbished to name plate standard 

• Ship industry construction 
• Space risk (launch satellites) 
• Deterioration of stock (DoS) 
• Stand-alone ALOP/DSU 
• Risks in Sanctioned Territories 

The basic concept is to offer comprehensive and adequate protection against loss or damage in respect of the contract works, construction plant, equipment and machinery, as well as against third-party claims in respect of property damage or bodily injury arising in connection with the execution of a construction project. A CAR policy may be concluded by the principal or by the contractors engaged in a project, including all subcontractors. CAR insurance provides an “all risks” cover – every hazard is covered which is not specifically excluded. This means that almost any sudden and unforeseen loss or damage occurring during the period of insurance to the property insured on the construction site will be indemnified.  

This branch of engineering insurance offers comprehensive and adequate protection against all the risks involved in the erection of machinery, plant and steel structures of any kind, as well as third-party claims in respect of property damage or bodily injury arising in connection with the execution of an erection project. EAR insurance provides very wide cover. Almost any sudden and unforeseen loss or damage occurring to the property insured on the erection site during the period of insurance will be indemnified.  

Third party liability insurance is a coverage for damages, losses or injuries that may be inflicted upon another party as a result of the actions of the insured. It is referred to as third party liability insurance because the coverage deals with the well-being of parties other than the insured (1st party) or insurer (2nd party). 

Provides coverage for financial losses due to delays in construction and infrastructure projects. Advance loss of profit insurance (ALoP), provides a payout to companies that face higher costs or lost profits when a project takes longer than expected to complete due to an insured claim. Also called Delay in Start-up Insurance (DSU).  

Contractor’s Plant and Equipment insurance covers all physical damage done to a contractor’s machinery that is not specifically excluded by the policy. This includes accidents not due to gross negligence and acts of God, such as falling trees or storm damage. The payments cover the cost to repair or replace the affected machinery, which is covered at work or rest, while on any job site owned by a third party and even when dismantled or reassembled for maintenance. 

CECR insurance is designed to grant comprehensive cover for civil engineering structures after their completion. Losses emanating from the local geological conditions or arising out of the technical design of the structure or in connection with the operation and use of the structure predominate. CECR is typically for completed railways, highways, airports, tunnels or bridges. 

It was developed to grant industry an effective insurance cover for plant, machinery and mechanical equipment at work, at rest or during maintenance operations. By its very nature, machinery insurance is an all risks “accident” insurance for machinery supplementing the coverage afforded by fire insurance. Thus, it covers unforeseen and sudden physical loss of or damage to the insured items, necessitating their repair or replacement.  

Offers coverage against damage to all types of fixed assets from unforeseen circumstances except the ones defined in ‘Exclusions’. General it covers against internal and external loss or damage, also due to natural catastrophes. It also covers the loss of revenue or profits occurred from physical damage to fixed assets. 

The term “electronic equipment” comprises, in the context of this insurance, all electrical and electronic systems. Electronic equipment insurance is an “accident” insurance on an all-risk’s basis covering sudden and unforeseen losses which physically affect the subject matter insured.  

Business interruption is an insurance against loss of net profits and continuing fixed charges during a period of total or partial suspension of business activity because of damage to described projects from covered perils.  

IDI provides building owners but also construction companies with protection against damage caused by defects in design, workmanship or materials affecting the structural Works (deemed to be the load bearing structures) external walls, and roofing and any consequential damages to non-structural Works, or threaten imminent collapse, during a period of up to 10 years following practical completion of Construction. The cover may be tailored to a large range of projects, from small residential buildings to large industrial or commercial buildings. It can also apply to any public constructions and/or infrastructure such as hospitals, theaters, highways, railways, bridges, viaducts and tunnels.