We offer a full engineering insurance package, including cover for contractors' all risks, machinery breakdown, stock deterioration, and additional specialised risks.
Engineering projects carry significant and varied risk - from on-site incidents and equipment failure, to project delays, and liability. Our specialist team combines technical knowledge with practical experience to deliver tailored solutions, giving contractors and project owners confidence to proceed in the face of disruption.
Broad cover for works under construction, including residential, commercial, industrial, and infrastructure projects.
Protection for cranes, earthmoving machinery, pumps, compressors, and other on-site equipment.
Cover for the installation and erection of plant, machinery, and steel structures. It is essential for project owners involved in mechanical or electrical installation projects.
All-risks protection for IT systems, telecoms, medical technology, and measuring or control systems.
Cover for the sudden and unforeseen failure of operational machinery and plant.
Financial protection for income lost due to insured delays in project completion.
All-risks protection for IT systems, telecoms, medical technology, and measuring or control systems.
Loss or damage to refrigerated stock caused by deterioration due to unforeseen physical loss of or damage to the refrigeration machinery.
Financial protection for income lost due to insured delays in project completion.
Engineering insurance is designed for businesses and individuals operating in the construction, engineering, and manufacturing sectors. This includes civil engineering contractors, building contractors, project developers and owners, plant and machinery operators, and businesses that rely on specialised electronic equipment in their day-to-day operations. Engineering and construction projects carry a wide range of insurable risks, and standard commercial insurance policies are not designed to address the complexity and scale of these exposures.
Our engineering insurance solutions are suitable for projects of all sizes - from small residential developments and machinery installations through to large-scale infrastructure, industrial, and commercial construction projects. We also cater for businesses in the manufacturing and processing sectors that rely on plant, machinery, and electronic equipment to generate revenue. Whether you are a contractor looking for contractors' all risks cover, a project owner needing advance loss of profits protection, or a business seeking electronic equipment insurance, our team has the technical expertise to find the right solution for your specific needs.
Get in touch with our team and tell us about your project, your plant and equipment, and the engineering risks your operation faces. The more we understand your requirements, the better we can tailor engineering insurance cover specifically to your needs.
Our specialist brokers go to market on your behalf, comparing engineering insurance options across a panel of leading insurers to find the most appropriate cover at the most competitive premium for your specific engineering risk profile.
Once your engineering insurance cover is in place, our relationship doesn't end there. We're here to help with policy queries, renewals, and to guide you through the claims process if and when you need us most.
Engineering insurance is a specialist category of cover designed to protect businesses and individuals in the construction, engineering, and manufacturing sectors against a wide range of risks. It covers physical loss or damage to works under construction, plant and machinery, electronic equipment, and infrastructure - as well as financial losses resulting from project delays and machinery breakdown. The most common types of engineering insurance include contractors all risk, erection all risks, machinery breakdown, electronic equipment insurance, and advance loss of profits cover.
The main types of engineering insurance include contractors all risk insurance (CAR), which covers construction projects against physical loss or damage; erection all risks insurance (EAR), which covers the installation of plant and machinery; machinery breakdown insurance, which covers the sudden and unforeseen failure of operational equipment; electronic equipment insurance (EEI), which protects IT systems and specialist technology; and advance loss of profits (ALOP) insurance, which covers financial losses resulting from insured delays to a project. A specialist broker can help you identify which types are relevant to your specific operation.
Contractors all risk insurance (CAR) is a broad engineering insurance product that covers construction projects — including residential, commercial, industrial, and infrastructure developments — against physical loss or damage to the works, materials, and equipment on site. It also includes public liability cover for third-party claims arising from construction activities. CAR insurance is typically required by project owners, main contractors, and subcontractors, and is often a contractual requirement before work can begin on a site.
Machinery breakdown insurance covers the sudden and unforeseen physical damage to machinery and equipment caused by mechanical or electrical failure. It is designed to cover the cost of repairing or replacing machinery that breaks down due to internal causes - such as motor burnout, short circuits, or mechanical failure - which are typically excluded from standard fire and property policies. It is essential for any business that relies on plant or equipment to generate revenue, as a machinery breakdown can result in significant financial losses through repair costs and lost production time.
Standard motor or property insurance policies do not typically cover mechanical or electrical breakdown — including engine damage caused by internal failure rather than an external event such as an accident or fire. Machinery breakdown insurance and engine repair insurance are specialist products designed to fill this gap, covering the cost of repairing or replacing equipment that fails due to internal causes. If your business relies on machinery, engines, or specialist equipment, it is important to make sure you have the right engineering insurance policy in place.
Construction and engineering insurance is a broad term covering the range of specialist insurance products available to businesses and contractors operating in the built environment. It encompasses contractors all risk insurance, erection all risks, machinery breakdown, electronic equipment insurance, and liability cover for engineers and contractors. Whether you are a civil engineering contractor, a building developer, or a project owner, construction and engineering insurance is essential for managing the significant risks associated with construction projects in South Africa.
Yes. Professional indemnity insurance for engineers and engineering consultants covers claims arising from errors, omissions, or negligence in the professional advice or designs provided by an engineer. It is particularly important for consulting engineers, structural engineers, civil engineers, and other engineering professionals whose advice or designs form the basis of construction or manufacturing projects. Professional indemnity insurance for engineers is available in South Africa and can be arranged through a specialist broker alongside other engineering insurance products.
Liability insurance for engineers typically encompasses two main types of cover. Public liability insurance covers claims for third-party injury or property damage arising from engineering activities on site. Professional indemnity insurance covers claims arising from errors or omissions in professional engineering advice, designs, or specifications. Both are important for engineering professionals and contractors operating in South Africa, and a comprehensive engineering insurance programme should include both liability covers alongside physical damage protection.
Look for a specialist engineering insurance broker with technical knowledge of the construction and engineering sector, access to a panel of insurers offering engineering-specific products, and experience in handling engineering insurance claims. A good broker will take the time to understand your project or operation before recommending cover, rather than simply placing a generic policy. Econorisk has specialist expertise in engineering insurance and works on your behalf to find the most appropriate and competitive cover for your specific engineering risk profile.
Get in touch with our specialist team today and let us find the right engineering insurance cover for your business.
