Corporate Services / Engineering Insurance
Elevate your business operations and mitigate risk with MEICO’s specialized Engineering Insurance. Our suite of policies is designed to protect your projects, machinery, and equipment from unforeseen events, ensuring smooth operations and peace of mind in the dynamic field of engineering.
Shield Your Construction and Machinery
Explore our extensive range of insurance services, offering robust protection for contractors, machinery, electronic equipment, and more, ensuring the safety and continuity of your business operations:
Contractors’ All Risks (CAR):
Secure your civil contract works, plant, machinery, and temporary facilities against sudden physical loss or damage. This policy also covers third-party liabilities and encompasses a range of causes, from fire and theft to negligence and natural disasters.
Erection All Risks (EAR):
Protect electrical or mechanical contract works with coverage against unexpected physical loss or damage. This includes plant and machinery, temporary facilities, and liabilities towards third parties, covering a broad spectrum of risks including faults in erection and external forces.
Contractor’s Plant & Machinery:
Ensure your contractors’ plant and machinery are covered against sudden physical losses or damages from various causes, whether in operation, during maintenance, or at rest.
Machinery Breakdown:
Guard against unforeseen physical loss or damage to machinery due to electrical, mechanical, or external causes, ensuring your operations continue without interruption.
Loss of Profit Following Machinery Breakdown (Consequential Loss Policy):
Safeguard against the financial impact of production halts due to machinery or plant breakdowns. This policy covers loss of profit, ongoing business expenses, and increased costs of working.
Electronic Equipment:
Protect electronic or electrical equipment from physical losses or damages with comprehensive coverage. This includes costs for reprocessing and retrieving lost information and additional expenses incurred due to equipment breakdown.
Deterioration of Stock Following Machinery Breakdown:
Combine this with the Machinery Breakdown policy to cover stock deterioration in cold storage due to refrigerating machinery breakdown.
Why Partner with MEICO for Corporate Engineering Insurance?
TAILORED SOLUTIONS:
Our range of engineering insurance policies can be customized to fit the unique needs and risks of your business.
RELIABLE SUPPORT:
Our experienced team is dedicated to providing continuous support, from policy selection to claims handling.
EXPERT RISK ASSESSMENT:
With our deep understanding of the engineering sector, we provide expert risk assessments to ensure optimal coverage.
SWIFT CLAIMS PROCESSING:
We understand the importance of minimizing downtime, and our efficient claims process is designed to get your operations back on track swiftly.
Frequently Asked Questions
What kind of projects does the Contractors’ All Risks policy cover?
It covers a wide array of civil contract works, including the associated plant and machinery, against various risks such as fire, theft, natural disasters, and more.
How does the Erection All Risks policy differ from the Contractors’ All Risks?
EAR is specifically designed for electrical or mechanical contract works, covering risks including faults in erection and external forces, while CAR focuses on civil contract works.
What is included in the Loss of Profit Following Machinery Breakdown policy?
This policy covers the loss of profit, insured standing charges, and the increase in the cost of working due to machinery or plant breakdown.
Does the Electronic Equipment policy cover the cost of recovering lost data?
Yes, it covers the loss of external data media and the cost of reprocessing and retrieving lost information, as well as additional expenses incurred due to equipment breakdown.
Get a quote