Engineering Insurance

CONTRACTORS ALL RISKS INSURANCE

What is the coverage.

This policy is specifically designed to protect the interests of Contractors, Principals, Sub Contractors, Design Engineers, Consultants etc., in respect of civil engineering projects that they may carry out or be involved in.

Our CAR policy provides indemnity against Material Damages sustained during the period of the insurance, to the insured property by any accidents. The property can be covered as:

  • Contract Works
  • Materials or Items supplied by the Principal(s)
  • Contractor(s) Construction Plant Equipment
  • Temporary Buildings
  • Contents of Temporary Buildings
  • Clearance of Debris

In addition we provides cover against Third Party Liability which is also includes

  • Bodily Injury or death to a third party
  • Third Party Property Damages

WEQAYA ERECTION ALL RISKS INSURANCE

What is the coverage.

Policy covers the risks associated with storage, assembly/erection and testing & commissioning of plant and machinery and connected civil engineering works. This policy is well suited for large erection works and for construction of large factories. The cover is provided for the full project period as required for our clients. There is testing period cover for machinery after erection

Insured Property covered under this policy includes mainly

  • Erection Works
  • Items to be tested
  • Freight
  • Customs Duties and Dues
  • Civil Engineering Works
  • Clearance of Debris

Coverage against Third Party Liability is also provided as required against

  • Bodily Injury or death to a third party
  • Third Party Property Damages

Required maintenance period covers are also provided here with no additional premium.

WEQAYA MACHINERY INSURANCE

What is the coverage.

Weqaya Machinery Insurance Policy Provide coverage against unforeseen and sudden physical loss or damage to the insured machinery from causes such as defects in casting and material, faulty design, faults at workshop on in erection, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force, short-circuit, storm, or from any cause not excluded in the policy. This policy protects our clients from huge expenses arising from the above losses.

WEQAYA CONTRACTOR PLANT AND MACHIERY INSURANCE

What is the coverage.

This policy is designed to Contractors as it covers the unforeseen and sudden physical loss or damage to construction machinery and equipment used by the contractor within the work site, resulting from accidents and other risks other than those excluded in the policy wording.

What are the standard exclusions – Applicable to all.

Weqaya Engineering insurance policies does not cover

  • War, Invasions and Civil war
  • Sabotage and Terrorism
  • Nuclear and radioactive damages
  • Oil and Gas Drilling Equipments
  • Marine & Off shore Risks

How to claim on our Products.

  • In case of any event of a claim please immediately give notice to the company with Policy details in writing.
  • Take all reasonable actions with due diligence to minimize, avoid or diminish the loss or damage.
  • Complete the claim forms obtained from Weqaya and submit the same along with available documents.
  • Complete the claim forms obtained from Weqaya and submit the same along with available documents.
  • In the case of goods being lost or stolen or willful damages immediate notice should be given to the Police to recover any property lost,
  • It’s important not to negotiate, pay, settle, admit or repudiate any claim under the Policy without the written consent of the Company
  • It’s important not to negotiate, pay, settle, admit or repudiate any claim under the Policy without the written consent of the Company

Note:

The information here above is only indicative and not to be considered as full information. For full details, terms & conditions please refer to the Insurance Policy.