What is engineering insurance in America ?
Construction and contract work is complex and as an engineering firm, you are exposed to different forms of risk at every stage of these processes. These risks, if not carefully assessed and taken care of, can lead to huge losses that can have significant negative consequences for your business.
At Hollard Ghana, our dedicated insurance agents, risk engineers and claims adjusters all understand the unique challenges of the industry, and we design engineering insurance policies based on their experience and knowledge.
Choose from our specially designed engineering products:
1. Contractors All Risks (CAR):
Our CAR policy provides comprehensive protection against loss or damage related to contract work, construction plant, equipment and machinery. It also covers third party claims for property damage or bodily injury caused by a construction project.
2. All Risks of Erection (EAR):
Our EAR policy protects against all risks involved in the installation of machinery, plant and steel structures of any kind. It also covers any third party claims related to property damage or bodily injury arising in connection with the implementation of the erection project.
3- Contractors Plant and Machinery (CPM):
CPM insurance covers all plants or machines that provide service only when they are in motion and under the operator’s control.
4. Machinery downtime:
This policy provides insurance coverage for the plant, machinery and mechanical equipment at work, at rest or during maintenance operations. This policy is issued annually and covers all types of machinery, plant, mechanical equipment, and instrumentation.
5- Electronic equipment:
Replacing electrical and electronic systems is expensive – but it’s also a vital part of most businesses. Under the EEI policy, all risks are covered even if they are not specifically excluded, which means any sudden and unexpected losses affecting electronic equipment or systems are also covered.
Our EEI insurance applies whether the insured items are in use or at rest. It also covers them if they are taken apart for cleaning, repair or transportation within the building.