ENGINEERING, CONSTRUCTION, SURETY AND MECHANICAL BREAKDOWN INSURANCE
ENGINEERING AND CONSTRUCTION INSURANCE / EAR and C.A.R. Insurance
ENGINEERING AND CONSTRUCTION INSURANCE / EAR and C.A.R. Insurance
We are an insurance broker which can offer an extensive combined experience of more than 55 years in the field. We can help you get the best cover available, mitigate your risk and lowering your costs.
This type of business insurance is for covering the builder’s or contractor’s risk when carrying out a project or work. It is also known as Construction All Risk Insurance and it provides comprehensive protection to general or infrastructure building contractors or subcontractors against damages that can be caused during the activity of architecture or civil engineering works.
The policies cover buildings or long-term works, cost of materials, workforce and accident and defect liability and so on. In addition to this, C.A.R. Insurance or Construction All Risk also includes:
– Construction staff (accident, life, liability)
– Construction machinery (trucks, cranes, excavation activities, etc.)
– Personal effects of employees and workers
– Clearing-up expenses
– Damages to pre-existing goods
– Business interruption
– Temporary facilities for developing works
– Owners and Contractors protective liability (OCP) includes professional liability insurance for architects and engineers. For additional information
SURETY BOND FOR CONTRACTORS INSURANCE
We cover a variety of surety bonds for the construction industry, including:
– Advance payment bond
– Bid bond
– Performance bond
– Retention bond
In summary, it is an alternative from insurance companies to the bonds issued by banks. The surety insurance company guarantees the proper performance of the project by the builder. For additional information (LINK to Page E.2)
PROPERTY AND CASUALTY INSURANCE
When the building is finished, it is advisable to insure the property and casualty risk. For details click HERE
DECENNIAL INSURANCE
According to some regulations in the international arena, there is a 10 year liability period for the contractor covering a finished building. This is liability insurance for the builder’s work. See
MECHANICAL BREAKDOWN INSURANCE
We usually work with a single machinery or mechanical equipment group in a single policy.
Our experience and location can cover international, American, African and European breakdown insurance policies.
This insurance covers unexpected and unforeseen damages from accidents or breakdowns and robbery, weather, and intentional actions.
The prompt recovery of the machinery can facilitate business continuity.