Construction and contract work are intricate processes, and as an engineering company, you run the chance of being exposed to a variety of dangers along the way. These risks, if not properly assessed and taken into account, could lead to enormous losses that could have extremely detrimental effects on your company.
Our engineering insurance plans at Hollard Ghana have been created in accordance with the expertise and understanding of our specialized underwriters, risk engineers, and claims adjusters who are all familiar with the particular difficulties faced by this sector.
Pick from our engineering goods that are carefully designed:
1. All Risk for Contractors (CAR):
Our CAR policy provides thorough coverage against loss or damage involving contract works, construction machinery, equipment, and plant. Additionally, third-party claims for property damage or bodily harm brought on by a building project are covered.
2. ER (Erection All Risks):
Our EAR policy provides coverage for all hazards related to the construction of steel structures, machinery, and other equipment. It also covers any third-party claims for physical harm or property damage that have developed as a result of the execution of an erection project.
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3. Plant and equipment used by contractors (CPM):
All equipment that only performs a service when it is moving and under the supervision of an operator is covered by CPM insurance.
4. machinery failure
This policy offers insurance coverage for plant, machinery, and mechanical equipment whether they are in use, inactive, or undergoing maintenance. All kinds of machinery, plant, mechanical equipment, and apparatus are covered by this yearly coverage.
5. Electronic apparatus (EEI)
Although replacing electrical and electronic equipment might be costly, they are an essential component of the majority of organizations. Every risk is covered by the EEI policy even if it isn't specifically excluded, therefore virtually any unplanned losses that have an impact on electronic equipment or systems are also covered.
Whether the insured objects are in use or at rest, our EEI insurance still applies. They are also covered if they are being relocated within the building, overhauled, or disassembled for cleaning.
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