Engineering Insurance

Responding to the challenges of professionalism our Engineering Department comes with a personal touch, and associated with quality and value of Munichre, which is one of the global poineering companies in engineering and electronic equipment insurance.
JIC's affiliation sets to acheive more efficient and effective implementation of engineering insurance targets and offers various calsses of Engineering Insurance including:

1. Contractors' All-Risks (CAR) Insurance:
   
   It offers adequate protection against loss or damage in repect of contract works, construction plant and equipment and/or construction machinery. It also covers third party claims in respect of property damage or bodily injury arising in connection with the execution of a various construction projects.
   
   The most important cause of loss covered under CAR insurance are:

   • Fire, lightening, explosion
   • Flood and inundation
   • Windstorm of any kind
   • Earthquake
   • Theft and/or burglary
   • Bad workmanship, lack of skills, negligence, malicious acts or simply human error
     
     
2. Contractors' Plant and Machinery (CPM) Insurance:
   
   It covers loss or damage occurring at work, at rest or during maintence operations. Coverage is not limited to a specific constrcution site.
   
   

3. Erection All-Risks (EAR) Insurance:
   
   This branch of engineering insurance offers adequate protection against all risks involved in the erection of machinery, plant and steel structures of any kind, as well as third party claims in respect of property damage or bodily injury arising in connection with the execution of an erection project.
   
   The insured under EAR policy is normally:

   • The manfacturer or supplier of machinery or plant if he carries out the erection work or is reponsible for it.
   • the firm commissioned with erection work.
   • The purchase of the machinery or plant to be erected.
   
   The policy will indemnify loss or damage due to the following causes:
   • Fire, lightening, explosion
   • Flood and inundation
   • Windstorm of any kind
   • Earthquake
   • Theft
   • Faults in erection
   • Negligence, lack of skill, lack of experience, malicious acts.
   • Short-circuiting, arcing, excess voltage
   • Excess pressure or vaccuum, tearing apart on account of centrifugal force
   • Any other unforeseen events such as loss or damage due to collapse, fall of foreign objects, on-site transport of items to be erected, etc.