ENGINEERING INSURANCE

The ONE Engineering Insurance Policy is aimed at domestic and commercial enterprises including those in the construction, manufacturing and retail industries in addition to users of electro-medical and electronic equipment and computers. The cover is flexible and may be tailor-made to suit the specific needs of the client. It is designed to cover the following products on a stand-alone basis:

• Machinery breakdown and business interruption (following machinery breakdown)
• Deterioration of stock (following machinery breakdown)
• Transit and Erection
• Computer and Electronic Equipment
• Contractors All Risk and Plant All Risk

Machinery

• Sudden, unforeseen and accidental damage to specified plant and machinery on an individual basis
• Express delivery and overtime incurred
• Damage caused by operator negligence

Loss of Profits

• Loss of profit following machinery breakdown

Deterioration of Stock

• Deterioration of stock and foodstuff as a result of machinery breakdown

Transit and Erection

• Construction of predominantly steel structures
• Relocation of plant and machinery
• Testing and commissioning of new equipment

Electronic Equipment

• All types of electronic equipment, including individual items
• Worldwide cover for laptops

Automatic Extensions under the Electronic Equipment section:

• Reinstatement of data
• Increased cost of working
• Telkom access lines
• Inclusion of automatic extensions under the Broadform liability section

This forms part of our Engineering Insurance Solution