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Engineering insurance refers to the insurance that provides
economic safeguard to the risks faced by the ongoing construction project,
installation project, and machines and equipment in project operation. Product
categories: Depending on the project, it can be divided into construction
project all risks insurance and installation project all risks insurance;
depending on the attribute of the object, it can be divided into project all
risks insurance, and machinery breakdown insurance.
This type of coverage provides protection for the contractor against loss or damage to the works, plant, and equipment during the construction period and also third-party liabilities arising out of the works.
Boiler and Pressure Vessel (BPV) insurance is a specialized type of insurance that provides financial protection for businesses that operate boilers and pressure vessels.
Erection All Risks (EAR) Insurance is a type of engineering insurance that provides financial protection for businesses involved in the installation, commissioning, and testing of machinery, equipment, and structures
This is a type of insurance that provides financial protection for businesses that use and operate electrical equipment. It can help protect against loss or damage caused by faults, malfunctions or breakdowns to the electrical equipment
This type of coverage provides protection for the contractor against loss or damage to the works, plant, and equipment during the construction period and also third-party liabilities arising out of the works.
Insurance that provides financial protection for businesses that own and operate plant and machinery, such as construction equipment, vehicles and tools, used in their operations.
Deterioration of Stock (DOS) insurance is a type of insurance that provides financial protection for businesses that store perishable goods, such as food products, chemicals, and pharmaceuticals.
Client select reliable insurance and submits insurance materials
Insurance company studies insuring materials and quote price for clients
Issue insurance policy and payment notice to the clients and pay insurance premium
Client receive insurance policy from the company