Common Engineering Insurance Policies
- Contractors All Risk Insurance (CAR) — covers contractors during construction, including works, materials and third-party liabilities
- Erection All Risk Insurance (EAR) — installation and erection of machinery and equipment
- Machinery Breakdown Insurance (MBD) — sudden breakdown of machinery, repair or replacement cost
- Deterioration of Stock Insurance (DOS) — losses from deterioration of perishable stock
- Boiler & Pressure Vessel Insurance (BPV) — damage/accidents involving boilers and pressure vessels
- Contractors Plant & Machinery Insurance (CPM) — accidental damage, breakdown and theft of contractors' machinery
When Engineering Insurance is Essential
Explosion risks — material damage cover includes only partial 'explosion' protection and excludes steam-pressured vessel damage. Electrical breakdown — vital where computers are involved, covering sudden loss/damage plus data restoration costs.
Remember
Most engineering policies can be issued on a single, annual, specified or blanket basis. Engineering inspection is a mandatory requirement under the Factories Acts for a wide range of plants.
Frequently Asked Questions
CAR (Contractors All Risk) covers civil construction projects, while EAR (Erection All Risk) covers the installation and erection of plant and machinery.
Yes, policies can be written on a single-project, annual, specified or blanket basis depending on your needs.
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