Engineering Takaful
Engineering Takaful
Introduction Of Alfalah Engineering Takaful
Alfalah Takaful's Engineering Takaful 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 Takaful, you can rely on expert guidance and reliable coverage, ensuring your projects are protected at every stage.
Alfalah Takaful Contractors’ All Risks (C.A.R.) Takaful
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.
Section II: Third-Party Liability
Covers legal liabilities for accidental bodily injury or property damage to third parties.
Key Risk Covered Include:
- Fire, Lightning & Explosion
- Storm, Tempest, Flood & Inundation
- Theft and Burglary
- Collapse
- Earthquake
- Accidental damages not otherwise excluded
Why Choose C.A.R. Takaful?
Contractors’ All Risks Takaful provides comprehensive safeguard for construction works, machinery, tools, and equipment, ensuring peace of mind throughout your project.
Alfalah Takaful Erection All Risks (E.A.R.) Takaful
Erection All Risks Takaful provides comprehensive protection for your project works during both the erection and maintenance periods.
This policy covers all potential risks associated with installation of machinery, plant, and structures on an all-risk basis.
Coverage Includes:
- Fire, Lightning & Explosion
- Flood, Inundation, and Windstorm
- Earthquake
- Theft and Burglary
- Faults during erection
- Human errors
- Electrical risks (short-circuit)
- Mechanical Breakdown
Covers sudden and unforeseen events including collapse, transport losses, and site incidents.
Why Choose E.A.R. Takaful?
Provides full protection against installation risks and third-party liabilities, ensuring smooth project execution.
Alfalah Takaful 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 on an all-risk basis.
Risks Covered Include:
- Design defects
- Errors during workshop or erection
- Defects in materials or manufacturing
- Operator errors or negligence
- Tearing due to centrifugal force
- Electrical short circuits
- Storm, frost, or drifting ice
Why Choose M.B.D. Takaful?
Machinery Breakdown Takaful is essential for all enterprises relying on machinery. Even minor failure can result in major financial loss—this policy ensures uninterrupted operations.
Alfalah Takaful Boiler & Pressure Vessel (B.P.V.) Takaful
This policy protects boilers and pressure vessels along with surrounding property and third-party liability arising from explosion or collapse.
Risks Covered:
- Damage to insured boilers and equipment
- Damage to surrounding insured property
- Third-party property damage liability
- Third-party bodily injury liability
Why Choose B.P.V. Takaful?
Provides comprehensive protection against unforeseen damages and liabilities, ensuring safety of equipment and third-party exposure.
Alfalah Takaful – Contractors’ Plant & Machinery (C.P.M.) Takaful
This policy insures mobile construction plant and machinery against sudden and accidental external damage. Mechanical or electrical breakdown is excluded.
Risks Covered:
- Accidental or external damage to machinery
- Damage during operation, rest, or maintenance
Why Choose C.P.M. Takaful?
Protects contractors from unexpected loss and ensures continuity of construction operations by safeguarding valuable machinery.
Electronic Equipment Takaful
Electronic Equipment Takaful 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 Takaful.
