NRGI Broker offers solutions that help protect the assets of our clients, against the inherent risks of the construction work.
Construction and Engineering
Wherever there is a construction of buildings or civil works, there is a risk of loss or damage due to risks of nature (fire, earthquake, flood) or accidents during the construction process.
The main coverages offered include:
- Contractor’s All Risk
- Contractors Equipment
- Electronic Equipment
Contractor’s All Risk
“All risks” cover, means every hazard is covered which is not specifically excluded, this means that almost any sudden and unforeseen loss or damage will be indemnified.
This insurance offers comprehensive protection against loss or damage in respect of contract works, construction plant and equipment and/or construction machinery, as well as for third party claims in respect of property damage or bodily injury arising in connection with the execution of a construction project.
If your business requires the use of heavy equipment – chances are a large percentage of your business assets are tied up in that equipment, making the protection of that equipment from damage or loss a high priority.
Covers damage to equipment caused by electrical power surge, vibration, poor workmanship, or operator errors.
Covers equipment and tools at construction projects and job sites. Coverage is provided to protect against perils such as theft, vandalism, fire, windstorm, and typically flood and earthquake as well.
Provides protection against unforeseen events leading to breakdowns and physical damages to fixed and mobile electronic equipment.