Engineering

Contractors’ All Risks

Contractors’ All Risks insurance will provide cover in the event of sudden and unforeseen physical loss or damage to the contract works taken up by you. Furthermore, you will be covered against possible legal liabilities to pay compensation in respect of accidental bodily injury to or illness of third parties (whether fatal or not), accidental loss of or damage to property belonging to third parties occurring in direct connection with the construction or erection of the items and happening on or in the immediate vicinity of the site.

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Erection All Risks

Erection All Risks insurance will provide cover for physical loss or damage to erection works and any Legal Liability to pay compensation in respect of accidental bodily injury to, or illness of third parties (whether fatal or not) and accidental loss of or damage to property belonging to third parties including related legal expenses.

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Contractors’ Plant and Machinery

Contractors’ Plant and Machinery insurance will provide cover against sudden and unforeseen physical loss or damage to the plant and machinery occurring anywhere within the Maltese Islands.

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Machinery Breakdown

This insurance has been developed in order to provide cover for all types of Machinery, Plant, mechanical equipment and apparatus at work, at rest or during maintenance operations. This type of insurance is an ”All Risks” Insurance for Machinery supplementing the coverage afforded by a normal Fire and Special Perils Insurance.  Hence, it covers sudden and unforeseen physical loss of or damage to the insured Items, from causes such as defects in casting and material, faulty design, faults at workshop or 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 other cause not specifically excluded.

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Loss of Profits following Machinery Breakdown

achinery Loss of Profits insurance will provide cover for the actual loss of gross profit sustained as a result of a business interruption caused by an accident which is indemnifiable under a Machinery Breakdown insurance.

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Electronic Equipment

Electronic Equipment insurance will provide cover for sudden and unforeseen physical loss or damage to the electronic equipment and/or external data media occurring at the premises used by you for carrying on your business. Furthermore, you will be covered for a specified amount should any damages result in a total or partial interruption of operation of the electronic equipment.

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Deterioration of Stock

Deterioration of Stock insurance is designed to meet the requirements of those seeking to insure themselves against deterioration of goods in cold storage due to a breakdown of refrigerating machinery.  Deterioration of stock insurance is a follow-up to Machinery Breakdown insurance and may only be taken out in conjunction with the latter.

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