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Engineering Insurance

Engineering Insurance offers contractors and project owners, protection against accidents, loss and damage of materials, work in progress, construction equipment and machinery.  It also offers protection to business owners against loss and damage to specialized electronic equipment. AFPGEN offers the following types of Engineering Insurance:

  • Contractor’s All Risks (CAR): an insurance for buildings and civil engineering projects during construction against accidents, resulting in loss or damage or destruction of materials, work in progress, construction plant and equipment and machinery. It provides “all risks” cover such as fire, lightning, explosion, earthquake, rockslide, subsidence, landslide, tsunami, storm, typhoon, flood, inundation, lack of skill, negligence, malicious acts, or human error, theft, and burglary. In addition, it also covers third party liability arising from the execution of buildings or structures.
  • Erection All Risks (EAR): an insurance against accidents resulting in damage or destruction to machineries, equipment, and apparatus during the process of erection or installation. It may be taken out for installation of individual machinery or the erection of complete factories and industrial plants. Like CAR, it also provides an “all risks” cover such as fire, lightning, explosion, acts of nature, lack of skill, negligence, lack of experience, malicious acts, theft, burglary, short-circuiting, arcing, excess voltage, tearing apart on account of centrifugal force, excess pressure or vacuum.   Moreover, it covers for third party liability arising from erection of the insured property.
  • Electronic Equipment Insurance (EEI): an insurance for electronic equipment such as electronic data processing equipment, electrical and radiation equipment, communication facilities and miscellaneous equipment such as film and television studio equipment, booking and invoicing machines, etc. It covers sudden and unforeseen loss or damage due to fire, lightning, explosion, crashing aircraft, smoke, soot, corrosive gases, water and humidity, short-circuit and other electrical causes, design, manufacturing, assembly and erection faults, defects in casting and material workmanship error, bad workmanship, faulty operation, lack of skill, gross negligence, burglary/theft, acts of nature.

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