Engineering Insurance
Engineering insurance plays a pivotal role in safeguarding the intricate operations of engineering and construction companies against potential risks.
As the backbone of many industries, these companies face unique challenges ranging from equipment breakdowns to third-party damages. By providing financial protection and peace of mind, engineering insurance enables businesses to focus on innovation and growth while mitigating the inherent risks of their operations.
At Econorisk, we offer specialised cover and solutions for the engineering and manufacturing industries, where risk is ever present and varied in its forms.
We offer a complete engineering insurance solution, catering from contractors all risks cover to machinery breakdown, stock and everything in between.
Covers Available:
Contractors All Risk:
Provide cover to protect the employer and contractor against the risk associated with construction, including damage to property and third-party injury or damage claims.
Machinery Breakdown:
Provides cover for machinery which breaks down whilst in use or at rest. In respect of fridges, freezers and cold rooms, deterioration of stock can also be selected as an insured section.
Deterioration of Stock:
Provides cover for stock which deteriorates as a result of machinery breakdown.
Loss of Profits:
Cover may be extended to include loss of profits to protect the insured against loss in respect of business interruption.
Plant All Risks:
Cover provided for accidental physical damage to the plant.
Works Damage:
Provides cover against accidental or physical loss or damage to property. Cover may include insurance for plant and machinery belonging to the customer, as well as for property being manufactured or worked on.
GET IN TOUCH
Plant, production, printing, civil, industrial, mechanical or chemical engineering – the worlds of production and engineering are complex.
In these complex environments, you need a business partner who will proactively approach your risk and mitigate the impact of the many scenarios that could go wrong. At Econorisk, we have experience in identifying, managing and controlling these risks, through thorough risk management consultation, backed by the comprehensive solutions offered by our leading insurance providers.
Contact Econorisk on engineering@econorisk.co.za for a personalized consultation and discover how our engineering insurance can safeguard your next project.
