PROTECTION (COMMERCIAL)
Engineering Insurance
Engineering the best for you. Protect your business from adverse financial impact arising from your construction and installation projects no matter what stage they are in, as well as the machines and equipment used for the projects.
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Why Choose us?
Award winning HMO service provider
Serving millions worldwide
Serving 100+ million people worldwide. Trusting us every day and making us one of the leading insurance companies globally
We operate in over 57 countries
With over 160,000 employees committed to better protect you around the world
24/7 Support
We are always accessible; you can contact us anytime for any enquiry.
Prompt Claim Payment
All verifies claims are paid on time without any hassle.
Cover Options
There are several available cover options to choose from, you can tailor the policy to best meet your business needs
Contractors All-Risk Insurance
This policy is specially designed to cover the loss or damage to predominantly civil engineering construction projects, that are under construction. It is an ‘All Risks’ insurance to indemnify the insured party/parties against unforeseen and sudden physical loss or damage which might affect the property insured during the period of insurance.
This policy also enables the contractor or employer to comply with the insurance requirements of the contract and can be issued on a project by project basis or as an annual policy covering multiple projects in a year.
Examples of projects covered include dwelling houses, multi-storey buildings, business premises, offices, warehouses, hospitals, schools, theatres, factories, bridges, canals, drainage, roads, railways, airport, etc.
Key benefits:
- Tailor-made products for the construction industry.
- Cover on all-risk basis.
Erection All-Risk Insurance
Erection All Risks policy is commonly sought by contractors when they are awarded contract jobs for erection, installation, testing and commissioning work for electromechanical equipment (e.g. gas plant, transformers boilers, chemical or steel industry).
Any loss or damage to projects that involve erection/installation of plant, machinery and equipment is covered by this policy; ranging from erection of a single machine to a large power plant.
It protects a contractor or employer against physical loss or damage to the contract works, construction plant and equipment or machinery. It also includes cover for physical harm and damage to property belonging to third parties.
The policy can be issued on annual basis covering multiple projects in a year or a specific project.
Key benefits:
- Cover can be designed according to the specific needs of the project.
- Covers legal liabilities to third parties arising out of the performance of the contract.
- Optional extensions can be tailored to suit your individual needs.
Electronic Equipment Insurance
This policy covers accidental loss or damage to electronic equipment due to fire, lightning, explosion storm, electrical breakdown. This equipment includes:
- Computers
- Microprocessors
- Word Processors
- Telecommunication equipment
- Radio transmitting and receivers (including radio, TV, cinema sound reproduction and studio equipment)
- Machines meant for medical use
- Other miscellaneous equipment
- Specifically designed for electronic equipment with additional options to cover external data, media and increased costs of working.
- Suitable for your business, no matter your type of trade and size of operations.
- Multiple locations can be covered under one policy.
Machinery Breakdown Insurance
Machinery Insurance is important for everyone operating a technical plant or machinery, whether they are large industrial enterprises or small firms, as unexpected damage to machinery and equipment can deter the progress of a company’s projects.
This policy covers the breakdown of plant, machinery and mechanical equipment. The policy is designed to indemnify the insured against damage to the machinery caused by breakdown, principally from sources within the machinery.
This policy covers a diverse spectrum of machines and equipment in commercial and production facilities, such as:
- Power generating units (boilers, turbines, generators, gas turbines, etc.)
- Power distribution plant (transformers, high- and low-voltage switch-gear, etc.)
- Production machinery, plant and equipment (electric motors, compressors, pumps, gear boxes vessels, reactors, etc.).
This policy is to support your property insurance, this insurance is often not granted on a standalone basis.
Key benefits:
- Comprehensive cover for operational machinery whilst working or at rest and/or during overhauling and relocation within the premises.
- Specially designed policy to cover accidental damage to plants, equipment and machineries for operational failure, unforeseen conditions, operational negligence, etc.
- Optional extensions to cover machinery loss of profits and breakdown, can be easily adapted to the specific features of a risk.
Contractors All Risk Insurance
This insurance is designed specifically for civil engineering projects/works that are under construction. It is an ‘All Risks’ insurance to indemnify the insured party/parties against unforeseen and sudden physical loss or damage which might affect the property insured during the period of insurance. Third-Party Liability Coverage is usually required and included on a limit selected by the contractor or principal (as stipulated in the project contract).
Examples of projects covered include dwelling houses, multi-storey buildings, business premises, offices, warehouses, hospitals, schools, theatres, factories, bridges, canals, drainage, roads, railways, airport, etc.
- specially designed to cover property damage and third-party injury or damage claims, the two primary types of risks on construction projects
- protection for all parties on a project, regardless of the type of damage to the property or who caused the damage
- Optional extensions to cover strikes, riots and civil commotion
Claims Process
1. Download and fill out a claim form.
2. Submit the claim form along with the complete documentary requirements online to ccare@axamansard.com or to the nearest AXA Mansard Office.
3. AXA Mansard will confirm the approval of your request through e-mail or a call.
4. Claim will be settled and received via your preferred channel as indicated in the e-mail or call.
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