Engineering Insurance

Engineering insurance is made up of several individual areas, which include:

Construction

Contractors’ all risks (CAR) and erection all risks (EAR) policies are needed for many one-off projects; alternatively some contractors take out annual, blanket CAR covers. Although more often packaged as part of an annual CAR policy, stand-alone contractors’ plant cover may sometimes be required.

Machinery

There are three main types of machinery policy, covering movement (and installation) risks, breakdown and business interruption – consequential losses following breakdown. Specialist machinery policies are also available to cover the deterioration of stock following breakdown of refrigeration plant.

Electronics

Under what are commonly known as “computer” policies, a wide range of electronic equipment can be insured against loss or damage, consequential increased costs of working and cyber risks.

Our range of engineering products encompasses:

  • Contractors’ and Erection All Risks
  • Computer Cyber
  • Contractor’s Plant
  • Deterioration of Stock
  • Machinery Damage
  • Machinery Movement

Terrorism

Terrorism cover is available for CAR, EAR and computer policies as a separate policy to engineering insurance cover.

For more information, contact your local NMU Development Underwriter.


15/05/18

News: War & Strikes Updates | 15th May 2018

Our War and Strikes risk update for 15th May is now online and can be found by... read more

10/05/18

News: Directors Blog | The Changing Face of Terrorism

Are your clients adequately protected? Executive Director, Duncan McClean, shares his views on non-damage terrorism insurance and... read more

02/05/18

News: Come and see us at the 2018 BIBA Conference and Exhibition

As BIBA’s Cargo Insurance Partner, we’ll be at this year’s annual conference and exhibition, which takes place on 16th... read more