Engineering & Construction

Mitigating engineering risks demands a world of experience

We have a long tradition of supporting the engineering and construction industry worldwide. We combine many years of technical experience with market-leading financial strength and the ability to cover complex and large global risks and projects.

As one of the leading engineering insurance providers, and one of the largest insurers of the construction industry globally, we have a wealth of experience in identifying, managing and controlling construction and engineering risks.

Our solution

Matching our cover to customer needs

Project Insurance Covers:

Construction/Erection All Risks

Construction and Erection Works

Contractors All Risk Insurance (CAR): CAR insurance provides an ‘all risk cover’ and is concluded by Principal or the Contractor including all Subcontractors and parties having an interest in the project. The risks in this category have exposure related to Construction of Civil structures.

Erection All Risk Insurance (EAR): This branch of engineering insurance offers the same type of risk protection as for CAR, but is more adapted to the erection exposures of machinery, plant and steel structures.

Delay in Start Up

Delay in Start Up Following CAR / EAR: Principal’s advance loss of profits insurance, also known as advance loss of profits (ALOP) or delay in start-up insurance, indemnifies the actual loss of gross profit sustained as a result of delayed commencement of business operation caused by an accident covered under the contractors’ all risks policy or the erection all risks policy.

Third Party Liability

Third Party liability: Third Party Liability insurance protects the insured from legal liability claims presented by third parties arising out of the construction or erection activities on or in the immediate vicinity, near the site, and adjacent to the site related to the project works.

Contractors Plant and Equipment Insurance

Contractors Plant and Equipment Insurance covers physical loss or damage which the contractor’s plant and equipment could suffer, whether at rest or in operation, as a result of fire, collision, impact of all kinds, overtopping, crashing into ditches or downhill, flood and storm, theft, malicious damage, etc. Internal break down, for example breakage of gears, is not covered unless it is a direct effect of external impact.

Annual Insurance Covers:

Contractor's Plant, Equipment and Machinery

Contractors Plant, Equipment and Machinery Insurance covers physical loss or damage which the contractor’s plant and equipment could suffer, whether at rest or in operation, as a result of fire, collision, impact of all kinds, overtopping, crashing into ditches or downhill, flood and storm, theft, malicious damage, etc. Internal break down, for example breakage of gears, is not covered unless it is a direct effect of external impact.

Civil Engineering Completed Risks

Civil Engineering Completed Risks (CECR) Insurance CECR insurance is designed to grant comprehensive cover for civil engineering structures after their completion should they be exposed to fire hazard, natural catastrophes or any hazards emanating from the local geological conditions or arising out of the technical design of the structure or in connection with the operation and use of the structure predominate.

This type of insurance coverage is often purchased for civil engineering structures such as highways, bridges, etc.

Machinery Breakdown Insurance

Machinery Breakdown Insurance: Once the erection is completed and the testing period is over the machinery is put into production on commercial basis working for one or more shifts. During normal working of the machines they are exposed to various hazards. To protect the owners of machinery against such hazards Machinery Breakdown Insurance is provided.

Loss of Profits Following Machinery Breakdown: Consequential loss following machinery breakdown insurance grants cover against any loss of profits caused as a result of the breakdown of the machines insured under the Consequential Loss Policy and losses admissible under the concurrent machinery insurance policy. Property damage admissible under the Machinery Breakdown Policy is therefore the event giving rise to a claim under the Consequential Loss Insurance.

Electronic Equipment Insurance

Electronic Equipment Insurance is an ’accident’ insurance on an all risks basis covering sudden and unforeseen losses, which physically affect the subject matter insured. The term “electronic equipment” comprises, in the context of this insurance, all electrical and electronic systems such as: electronic data processing (EDP) equipment, electrical equipment for medical use, communication facilities, lighting and navigation facilities, equipment for research and materials testing.

Why Zurich

We deliver customer-centric, simple insurance solutions to cover all types of engineering risk, including machinery, electronics and construction/erection:

  • A complete engineering insurance offering underpinned by industry technical standards.
  • Our qualified engineers underwrite and understand the risks associated with our customers’ business requirements.
  • We have the flexibility to work with brokers and customers at many levels, from risk assessment through to consultancy.
  • A specialist team of claims professionals with the authority to make decisions, no matter the complexity of the risk.
  • A global network of engineers, risk managers and surveyors who analyze risk and provide comprehensive assistance to our customers.

We consider a broad range of construction risks, including:

  • petrochemical, oil and gas, chemical industries
  • heavy civil works – tunnels, ports, mines
  • utilities, infrastructure, transportation
  • housing, commercial, leisure and sporting facilities
  • power – hydro, thermal, gas, nuclear and renewable energy.

Contact us

For more information on our Engineering Insurance, please contact your broker or a Zurich representative on GCIMEenquires@zurich.com.