Engineering insurance

Engineering insurance is a modern form of insurance that started early in the twentieth century designed to offer comprehensive solutions ranging from industrial plants, infrastructure projects to low-value electronic products and mobile phones. Wala’a offers many types of Engineering Insurances as below;

 

Contractors All Risks (CAR)

Provides comprehensive cover against physical loss or damage to the property during its work construction, including contractors' plant and equipment in addition to liability towards third-party arising during the construction period.

 

Electronic Equipment (EE)

Covers against loss arising suddenly and unforeseeable and, damage computers hardware, damages communications equipments, medical equipment and other electronic equipment including damage to Data Media.

 

Erection All Risks (EAR)

Provides comprehensive cover against physical loss or damage to the machinery during its erection. In addition to liability towards third parties arising during the erection period.

 

Contractors Plant & Machinery Insurance (CPM)

Provides coverage for total loss, partial loss, or damage to machinery and equipment used in construction and erection projects.

 

Deterioration of Stocks following Machinery Breakdown (DoS)

Provides coverage for the loss or damage to stock resulting from deterioration due to equipment failure and defect as defined in the insurance policy, provided that the proximate cause i.e. machinery malfunction or damage is covered under the MBD policy.

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