A successful construction project involves many different groups of people working together on a single objective. As a result, no matter the size of your project, there are a number of different risks that need to be considered. Construction and engineering insurance allows you to focus on your project with the peace of mind that you are financially protected against loss and damage. If things do go wrong, rest assured that with the right insurance backing you, your project will be back on track in no time.

Constuction and Engineering

Construction & Erection All Risks

Insurance meant to protect the insured against all accidents from natural hazards and human errors during construction of civil engineering properties and erection of engineering equipment and machinery. This is an all risks type of insurance and includes damage to third parties through the Liability section of the policy. Covered hazards include Hails storms, Fire, flooding, landslides, extreme weather conditions such as excessive snow falls etc.
Plant All Risks

This is all risks cover for plant equipment, mobile and fixed against any unforeseen and sudden physical loss or damage from fire, lightning, explosion and any other perils not excluded by the policy resulting financial loss to the insured plant including theft and hijack. Type of plant-covered include but not limited to the following:

  • Plant Hire Contractors – Hired out plant
  • Building contractors – Hired in plant
  • Other contractors who own and hire plant
Machinery Breakdown

This class of insurance provides cover for the unforeseen sudden physical loss or damage to the machinery due to: defect in casting and material, fault design, fault at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water boilers, physical explosion, tearing apart on account of centrifugal forces, short circuit, storm, etc

Machinery Breakdown & Loss of Profits

Large industrial mechanical and electrical equipment are prone to mechanical failures in their working life and these unforeseen incidences lead to large sums of money being lost to repair or replace the mechanical components or to completely refurbish the machinery. Business operations lose productivity consequentially as a result leading to loss of Gross profit.

Alliance provides Mechanical Breakdown and Loss of Profits cover following mechanical breakdown of equipment and the ensuing consequential loss. There must be a physical damage that needs repair or replacement to the covered equipment. There are four categories of equipment covered:

  • Pressure vessels and or Vacuum Equipment, thus equipment designed to operate under vacuum or internally generated pressure.
  • Mechanical or Electrical Equipment, this includes large electrical machines, refrigerators or cold rooms, elevators etc.
  • Computer Equipment and Communication equipment
  • Utility-owned equipment