NEWS & EVENTS
 
Engineering
 

Bond

A Bond is not an insurance policy but is a form of financial guarantee. It is a guarantee issued by an insurance company (called surety) to another party (called insured), which is favoring to the third party (called Principal) to meet the contractual obligations.
Contractor All Risks (Civil Engineering)

The Contractors All Risks Insurance offers comprehensive coverage for all types of civil construction risks. This type of insurance policy is called blanket policy. This policy covers physical loss or damage to property, as well as third party liability related to work conducted on the contract site.

 
Contractor's Plant and Machinery Insurance
This is an insurance of contractors’ plant and machinery on an annual basis. It covers any loss or damage occurring at work, at rest of during maintenance operations and is limited to a specific construction site.
 
Erection All Risks

The policy of “Erection All Risks” offers comprehensive coverage for plant and machinery construction risks. This policy covers physical loss or damage to property, as well as third party liability related to work conducted on the contract site.

 
Electronic Equipment Insurance
This insurance provides cover for all electrical systems which generally have only a moderate power requirement while such equipments are at work, at rest or during maintenance operations.
 
Guarantees
This bond is issued on behalf of a contractor and in favour of the project owner to guarantee the full and due performance of the contract.