If you are in the construction business or if you operate equipment such as plant and other machinery or electronic equipment, you will find that the insurance covers under the Engineering class provide you with a comprehensive protection against loss or damage in respect of contract works and equipment/machinery.

Here's what you can expect



Choose the most suitable cover based on your specific business:

  • Building and Civil Engineering works
  • Material damage
  • Third Party Liability
  • Financial Loss
  • Electronic Equipment
  • Machinery Breakdown
  • Stock Deterioration
  • Plant & Equipment Breakdown


(Terms and conditions apply)

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This product is offered by
SICOM General Insurance Ltd
BRN: C10094766
FSC License No.: IS10000004

What we offer?

  • Contractors All Risks

The Contractor’s All Risks policy applies in respect of building and civil engineering works.


Basically, the policy provides cover in respect of:


  • Sudden and unforeseen loss or damage to the contract works, construction plant and equipment
  • Third party claims for property damage or bodily injury in connection with the execution of the contract works


The major causes of loss indemnifiable under our Contractor’s All Risks policy are:


  • Fire, lightning, explosion
  • Flood, inundation
  • Windstorm
  • Earthquake
  • Theft, burglary
  • Bad workmanship, lack of skill, negligence, malicious acts or human error
  • Erection All Risks

The Erection All Risks insurance applies to the erection of machinery and structures involving little civil engineering work.

Similar to the Contractor’s All Risks policy, the Erection All Risks policy has two sections, one covering material damage and the other, covering Third Party Liability.

  • Advanced Loss of Profits

If you are extending your existing business or setting it up, you run the risk of sustaining financial loss if there is a delay in the completion of contract works through damage to the works involved.  The loss consequent to such delay is covered under the Advanced Loss of Profits insurance.

  • Electronic Equipment

Electronic equipment such as computers, electronic equipment for medical use, communication facilities, etc. can be covered under this policy. Insurance is on an all risks basis covering sudden and unforeseen losses which physically affect the insured equipment.


Losses due to the following causes give rise to the majority of claims:


  • Fire, lightning, explosion
  • Short circuit and other electrical causes
  • Faulty operation, lack of skill, gross negligence
  • Malicious acts of employees or third parties
  • Burglary


The increased cost of working’ section of the policy covers expenses such as hire charges, transport charges for data media and personnel, night work or work on public holiday and the like.

  • Machinery Breakdown

The Machinery Breakdown insurance offers protection against sudden and unforeseen physical loss or damage to machinery, which has been erected and is operational or at rest.


Loss or damage is mainly due to one of the following causes:


  • Fortuitous working accidents
  • Incorrect operation
  • Tearing apart on account of centrifugal force
  • Short circuit and other electrical causes
  • Loss of Profits following Machinery Breakdown

The use of your machinery may constitute a very important part of your operations and in case of breakdown, your business activities may be affected adversely and hence the profits of your organisation also.


This policy insures your profits and will indemnify you for the shortfall in your profits following machinery breakdown.

  • Deterioration of stock

This policy provides cover in respect of deterioration of stock in cold storage following a breakdown of the refrigerating machinery. The deterioration of stock insurance is a complement to the Machinery Breakdown policy under which the refrigerating equipment is insured.

  • Contractors Plant and Equipment

Under this policy, plant and machinery are insured against unforeseen or accidental losses necessitating repair or replacement.


Examples of perils insured are:


  • Incorrect operation, negligent or malicious acts
  • Storm, flood, earthquake, volcanic eruption
  • Fire, lightning, explosion
  • Burglary of theft
  • Collision and overturning


The Contractor’s Plant and Equipment policy involves cover in respect of external causes of damage, and excludes internal breakdown, which would be covered under the Machinery Breakdown policy.

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