Overview
 

Engineering insurance is divided into two main categories:
Project or non-renewable insurance
The main insurance policies that come under this category are:
» Construction All Risks (CAR) policy
Construction All Risks insurance is designed specifically for civil engineering works that are under construction. It offers comprehensive protection against risks during the construction phase, including third party bodily injury and property damage liability claims.

» Erection All Risks (EAR) policy
Erection All Risks insurance offers comprehensive protection against risks involved in the erection of machinery, plant and steel structures, including third party bodily injury and property damage liability claims.
Annual or renewable insurance
The main insurance policies that come under this category are:

» Machinery Insurance policy
Machinery Insurance is an ‘All Risks’ insurance for machinery, supplementing the coverage afforded by the Fire insurance. It provides coverage to plant, machinery, mechanical equipment and apparatus both at work and at rest.

» Electronic Equipment Insurance (EEI) policy
Electronic Equipment Insurance provides an ‘All Risks’ insurance protection to the electronic equipment insured while at work or at rest.

» Contractors’ Plant and Machinery Insurance (CPM) policy
Contractors’ Plant and Machinery Insurance provides an ‘All Risks’ insurance protection to contractors’ equipment while at work or at rest.

Standard Cover
Our Engineering insurance policies provide ‘All Risks’ insurance protection to the subject matter insured. This means that OCA will indemnify the Insured for any unforeseen and sudden physical loss or damage to the insured items from any cause other than those specifically excluded under the respective policies.

Additional Cover
Each policy will have its own set of extensions or additional coverage that an Insured will be able to purchase.

Exclusion
Our Engineering insurance policies provide ‘All Risk’ insurance protection to the subject matter insured. This means that OCA will indemnify the Insured for any unforeseen and sudden physical loss or damage to the insured items from any cause other than those specifically excluded under the respective policies.

For further details please contact us.