Introduction of Alfalah Engineering Insurance
Alfalah Insurance’s Engineering Insurance offers robust protection for civil works, plant, and machinery against unexpected and accidental losses. Issued on an all-risk basis, our policies cover all perils except those specifically excluded, providing comprehensive security for large projects and industrial installations. With Alfalah Insurance, you can rely on expert guidance and reliable coverage, ensuring your projects are protected at every stage.
Contractors’ All Risks (C.A.R.) Insurance
This policy is designed to provide comprehensive protection for all aspects of construction projects, including contract works, contractor plant & machinery, and third-party liabilities arising during project execution.
Coverage Sections:
Section I: Material Damage
Covers loss or damage to contract works, equipment, and other project-related assets on a comprehensive basis, ensuring your investment is safeguarded throughout the construction process.
Section II: Third-Party Liability
Covers legal liabilities for accidental bodily injury or property damage to third parties that may occur in connection with the construction activities.
Key Risks Covered Include:
- Fire, Lightning & Explosion
- Storm, Tempest, Flood & Inundation
- Theft and Burglary
- Collapse
- Earthquake
- Accidental damages not otherwise excluded
Why Choose C.A.R. Insurance?
Contractors’ All Risks insurance is essential for tradesmen, builders, and contractors. It offers a comprehensive safeguard for construction works, machinery, tools, and equipment, providing peace of mind against unforeseen incidents that could impact your project. Alfalah Insurance ensures your project is protected at every stage with professional support and comprehensive protection.
Erection All Risks (E.A.R.) Insurance
Erection All Risks Insurance provides comprehensive protection for your project works during both the erection and maintenance periods, covering material damage and liability. This Policy offers extensive protection, covering all potential risks associated with the installation of machinery, plant, and steel structures. It ensures robust coverage on an all-risk basis for an erection project.
Coverage Includes:
- Fire, Lightning & Explosion
- Flood, Inundation, and Windstorm
- Earthquake
- Theft and Burglary
- Faults or errors during erection
- Faults during erection
- Human errors
- Electrical risks such as short-circuit and arcing
- Electrical & Mechanical Breakdown
- Any sudden and unforeseen events, including collapse, damage from foreign objects, on-site incidents, or transport-related losses
Why Choose E.A.R. Insurance?
Erection All Risks Insurance provides comprehensive and reliable protection against the full spectrum of risks associated with the installation of machinery, plant, or steel structures. It also safeguards against third-party claims for property damage or bodily injury arising during the execution of the project, giving you peace of mind and ensuring smooth project completion.
Machinery Breakdown (M.B.D.)
This policy provides protection for the insured’s fixed plant and machinery against sudden, accidental, and unforeseen physical loss or damage. Coverage is on an all-risk basis, protecting against any peril not specifically excluded.
Risks Covered Include:
- Design defects
- Errors during workshop processes or erection
- Defects in casting, materials, or manufacturing
- Operator errors, lack of skill, negligence, or intentional acts
- Tearing due to centrifugal forces
- Electrical issues such as short circuits
- Storm, frost, or drifting ice
Why Choose M.B.D. Insurance?
Machinery Breakdown Insurance is essential for all enterprises that rely on machinery, whether large industrial plants, fully automated facilities, or medium and small businesses. Even a minor machinery failure can result in significant financial and operational losses and this policy ensures your operations are safeguarded against such unexpected events.
Boiler & Pressure Vessel (B.P.V.) Insurance
This policy provides protection for damages to boilers and pressure vessels with additional coverage for damage to surrounding property and third-party legal liability arising from explosion, collapse, or implosion of boilers and pressure vessels during their normal operation.
Risks Covered:
- Damage to Insured Property: Physical loss or damage (other than fire) to boilers or pressure vessels listed in the policy schedule, including other property of the insured affected by the event.
- Liability for Third-Party Property: Legal liability for damage to property not owned by the insured due to explosion or collapse of insured boilers or pressure vessels up to the agreed limits.
- Liability for Third-Party Bodily Injury: Legal liability for fatal or non-fatal injuries to persons other than the insured’s employees or family, caused by explosion or collapse of insured boilers or pressure vessels up to the agreed limits.
Why Choose B.P.V. Insurance?
B.P.V. Insurance safeguards the insured against sudden and unforeseen physical loss or damage to boilers and pressure vessels. It also covers third-party claims and damage to nearby property, ensuring comprehensive protection for both the insured’s equipment and potential liabilities arising from its operation.
Contractors’ Plant & Machinery (C.P.M.) Insurance
This policy is designed to insure mobile construction plant and machinery against sudden, accidental, and unforeseen physical loss or damage arising from external causes. Mechanical or electrical breakdown is excluded, and coverage follows principles similar to Machinery Insurance.
Risks Covered:
- Accidental or external physical damage to insured plant and equipment unless otherwise excluded.
- Loss or damage occurring while the machinery is in operation, at rest, or during dismantling for cleaning or maintenance
Why Choose C.P.M. Insurance?
Contractors’ Plant & Machinery Insurance protects contractors against unexpected physical loss or damage to construction plant & machinery from insured causes. It ensures continuity of operations by safeguarding valuable machinery used at construction sites, whether the insured items are at work or at rest or being dismantled for the purpose of cleaning or overhauling.
Electronic Equipment Insurance
Electronic Equipment Insurance provides protection for owners, operators, lessors, maintainers, or hirers of electronic equipment. For the purpose of this policy, “electronic equipment” includes all types of electrical and electronic systems, ensuring comprehensive coverage for your valuable assets. The coverage under this type of policy is on all risks basis (except those specifically excluded) whilst insured items are at work or at rest, or being dismantled for the purpose of cleaning, overhauling or being shifted within the premises, or in the course of the aforesaid operations, or during subsequent erection after commissioning.
Major risks covered in this type of policy are: Fire, lightning, explosion, Smoke, soot, corrosive gases, Water and humidity, Failure of air conditioning, Short circuit and other electrical causes, Design, manufacturing, assembly and erection faults, defects in casting and material, workshop errors, bad workmanship, Faulty operation, lack of skill, gross negligence, Malicious acts of workmen/employees/third parties, Burglary, Hail and frost.
Why You Need E.E.I.
Protect your electronic equipment from unexpected damage or accidents. Ensure business continuity, minimize downtime, and safeguard repair or replacement costs with Alfalah Insurance.
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