In short

Engineering insurance covers construction and erection projects while they are being built (contractors all risk and erection all risk), and operating plant afterwards through machinery breakdown and electronic equipment cover.

Overview

A project has a different risk profile every month it runs, and standard property cover is not written for it. Engineering policies follow the works from site preparation to testing and handover, and can extend into a maintenance period afterwards.

Once the plant is running, machinery breakdown covers the sudden and accidental failure of equipment - and, where it matters, the production you lose while it is repaired.

What is covered, and what is not

Typically covered

Contractors all risk: civil works during construction
Erection all risk: plant and machinery during erection and testing
Machinery breakdown for operating plant
Electronic equipment, including servers and control systems
Third party liability arising from the works
Debris removal and professional fees
Maintenance period cover, where extended

Typically excluded

Defective design, workmanship or material - though damage it causes to sound parts is often covered
Wear, tear, corrosion and gradual deterioration
Consequential loss, unless advance loss of profit is bought
Penalties for delay under the contract
Loss discovered only at stocktaking

Cover and exclusions vary by insurer and by the wording issued for your risk. We confirm the exact terms on the quotation before you buy.

Who needs this cover

Contractors, project owners, EPC companies, and manufacturers commissioning or operating significant plant. Project finance agreements normally require it before drawdown.

Why buy this through Trust Cover

Insurer-neutral advice

Quotations from several insurers, compared on wording and claims record, not premium alone.

Exclusions explained first

You see what is not covered before you buy, in plain language.

Claims handled by us

We prepare the file, submit it and chase settlement on your behalf.

Working with us

We are insurer-neutral. For every enquiry we approach multiple insurers, compare the wordings as well as the premiums, and tell you where they differ on the points that decide a claim.

After the policy is issued we stay involved: endorsements, mid-term changes, renewal reminders that start ninety days before expiry, and claims that we prepare, submit and follow to settlement.