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.


15/08/17

News: War & Strikes Update | 15 August 2017

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

07/08/17

News: NMU Launches Computer Cyber Insurance

Virtually all businesses collect and store personal information about customers, employees and others. The frequency of data... read more

17/07/17

News: War & Strikes Update | 17th July 2017

Our War and Strikes risk update for 17th July is now online and can be found by... read more