ENGINEERING INSURANCE
AL-BADIA insure all contractor risks and all erection risk to protect investors and contractors from unforeseen events that cause financial loss to their construction works or other engineering project.
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Contractors’ All Risks (CAR) Insurance: compensates the owner and/or the main contractor or sub-contractors for unexpected and sudden material losses and not exceeding the value of the project (the amount of insurance).
- Fire, Lightning, Explosions
- Floods, Inundations
- Windstorms of any kind
- Earthquakes
- Thefts, Burglaries
- Bad workmanship, Lack of skill, Negligence, Malicious acts or Human error
- Third Party Liability (Material Damage, Bodily Injury Death & Permanent Disablement)
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Project Machines and Equipment Insurance: covers unforeseen and sudden physical loss of or damage to the insured items (plant, machinery and mechanical equipment at work or during maintenance operations).
- Fire & Explosion
- Theft
- Coup & Collision
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Project Machines and Equipment Installation Insurance: covers unforeseen and sudden physical loss of or damage to the insured items during the equipment installation.
- Errors that occur during the equipment installation
- Equipment installation damage during the maintenance cover period
- Third Party Liability (Material Damage, Bodily Injury Death & Permanent Disablement)