Engineering Insurance

Contractors all risks, Plant all risks, Electronic equipment, Machinery breakdown, Loss of profits (Machinery Breakdown)

    • Machinery Breakdown:

Unforeseen and sudden physical loss or damage from causes such as defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart of centrifugal force, short- circuit, storm whilst machines are in the insured premises

    • Boiler and Pressure Vessels:

Damage (other than fire) to any boiler or pressure vessel; Liability of the insured at law for damage to property not belonging to the insured; Liability at law on account of fatal or non-fatal injuries to any person other than the insured’s own employees or workmen or members of the insured’s family.

    • Electrical Equipment:

Accidental damage of or loss to the insured items at work or at rest, or being dismantled for the purpose of cleaning, overhauling or of being shifted within the premises, or in the course of the aforesaid operations themselves, or during subsequent re-election, but in any case after successful commission.

    • Contractors All Risks:

Unforeseen and sudden physical loss or damage, in a manner necessitating repair or replacement. The value of the contract works at the completion of the construction, inclusive of all materials, wages, freight, customs duties, dues, and materials or materials supplied by the principal provided they are stipulated on the schedule and the values are adequate.
Accidental bodily injury to or illness of third parties (whether fatal or not)
Accidental loss or damage to property belonging to third parties.
Accidental loss or damage to surrounding properties.

    • Erection All Risks:

Accidental loss or damage to the erected items from commencement of work or after the unloading of the items at the site. Cover continues to test and commissioning.
Accidental bodily injury to or illness of third parties (whether fatal or not)
Accidental loss of or damage to property belonging to third parties.
Accidental loss or damage to surrounding properties.

    • Plant All Risks:

Unforeseen physical loss or damage of the insured items, whether at work or at rest, or being dismantled for the purposes of cleaning or overhauling or in the course of subsequent re-erection, but in any case, only after successful commissioning.

    • Civil Engineering Completed Risks:

Unforeseen and sudden physical loss or damage of the insured items caused by:-
Fire , lightning, explosion, impact of landborne or waterborne vehicles.
Impact of aircraft and other aerial devices or articles dropped therefrom.
Earthquake, volcanism, tsunami
Storm (air movements stronger than grade 8 on the Beaufort scale)
Flood or inundation, wave action or water.
Subsidence, landslide, rockslide or any other earth movement.
Frost, avalanche, ice
Vandalism of single persons

    • Loss of Profits following Machinery Breakdown:

Loss occurring in the business carried on by the insured at the premises specified in the Machinery Breakdown policy, is interrupted or interfered as a result of an unforeseen and accidental damage or loss to the list of machinery and plant insured.

    • Deterioration of Stock:

Loss or damage to the specified goods caused by deterioration due to any unforeseen and sudden physical loss or damage to the machinery specified in the list of machinery of the policy and indemnifiable under the machinery breakdown policy in force

    • Professional Indemnity:

Liability at law for damages and claimant’s costs and expenses in respect of claims for breach of professional duty made against the insured by reason of any neglect error or omission on the part of the insured or any Employee occurring or committed in good faith in connection with business.

    • Goods in Transit:

Acciidental damage to or loss of property transported within Malawi .

    • Marine Cargo- open policy/ individual transit:

Accidental damage or loss of properties transported by land, water and air conveyances in ocean steamers and/or motor vessels from country to country subject to institute classification Clauses or held covered.

Cover subject to monthly declarations, in respect of marine cargo- open policy.
All Risks basis (Cargo clauses A)- for first new items
Cargo clauses B – for second hand items

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