Construction & Engineering Insurance

CONTRACT WORKS (CAR)

Comprehensive All Risks cover intended for the erection of anything between private houses, cluster homes, small blocks of flats up to large projects such as shopping centres, sugar mills, power stations, refineries as well as infrastructure such as bridges, roads, dams water reticulation and pipelines. This cover will also extend to contracts for electrical work, plumbing and painting. Note: Because of the different nature of the various policies available each policy is subject to exclusions and conditions that are peculiar to the covers afforded by the various policies.

The policy covers the construction works against the following subject to the standard terms and conditions as outlined in the policy wording:
STORM, FIRE, WATER, SUBSIDENCE, COLLAPSE, LANDSLIP, EARTHQUAKE, CYCLONE, THEFT, TRANSIT, MALICIOUS DAMAGE, FIRE, DAMAGE TO UNDERGROUND SERVICES, THIRD PARTY DAMAGES.

 

ERECTION ALL RISK INSURANCE (EAR)

Erection all risk policies cover the erection of individual machines or complete plants-ranging from complete power stations , mineral processing plants to lifts and air conditioning equipment. EAR policies provide protection on an all risk basis, including cover for the testing and commissioning of the erected machines. EAR cover physical loss or damage.

 

RENEWABLE ENERGY

There are various Renewable Energy Technologies such as Solar, Wind and Water energy projects being developed throughout Africa. A C and E Engineering Underwriting Managers in association with New National Assurance Company are in a position of being able to provide insurance cover for such technology during construction, including marine insurance.

 

ENGINEERING PROJECT INSURANCE COVER (EPIC)

This cover would be a combination of CAR and EAR risks on the same project for example the construction of a dam and the hydroelectric power plant that will be built with it.

 

DISMANTLING, TRANSIT AND ERECTION

Accidental loss of or damage to plant and machinery during the insured operations. This is a contingency policy and can include dismantling, movement, loading, transit, offloading, storage, repositioning, re-erection, public liability and maintenance. Cover can be limited to any or all of the afore going and can be adopted to suit most applications such as exhibition or demonstration, etc. Where new machinery is involved the cover can include testing.

 

COMPUTER AND ELECTRONIC EQUIPMENT (EEI)

Loss of or damage to Computer and Electronic Data Processing Equipment , IT installations, telephone exchanges, cell phone networks and associated ancillary equipment arising from Fire and Allied perils. Accidental Damage, Malicious Damage and Machinery Breakdown. The basic policy can be extended to cover Increased Cost of Working. Reconstitution of Data and losses arising from the failure

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