Engineering insurance refers to the insurance that provides economic safeguard to the risks faced by the ongoing construction project, installation project, and machines and equipment in project operation. It also includes third-party liability insurance:
YIC provides its insurance expertise by covering any sudden and unforeseen risks to which construction projects such as buildings, roads, sanitation projects and others may be exposed during the insurance period, such as damages caused by:
And other important covers during the project implementation period
This insurance covers sudden material losses and damages to equipment and machinery used by contractors in carrying out their work against the following risks:
This type of insurance covers construction projects during the period of implementation until they are commissioned to employers. It guarantees the same coverage for all the risks under the CAR insurance. The coverage extends to trial, test and maintenance periods such as the installation of machinery, equipment, machinery and production lines. EAR Features: