Engineering Insurance

Overview

Engineering Insurance provides financial protection for construction projects, machinery, and equipment in the Philippines. It covers risks associated with construction, installation, and mechanical operations, ensuring that contractors, developers, and businesses can recover from accidental damage, theft, or operational breakdowns. This insurance is essential for safeguarding high-value assets, maintaining project timelines, and complying with contractual and regulatory requirements.

Who Should Be Covered

  • Contractors, subcontractors, and project developers
  • Construction companies and civil engineering firms
  • Industrial and manufacturing businesses
  • Owners of heavy machinery and equipment
  • Government and private project owners
  • Engineering consultants and contractors required by contract or law

Scope of Coverage

1. Contractors’ All Risks (CAR)

  • Accidental damage to building works during construction
  • Damage to materials, temporary structures, and scaffolding
  • Theft or burglary of construction property

2. Erection All Risks (EAR)

  • Accidental loss or damage during installation of machinery or equipment
  • Coverage for mechanical and electrical breakdown during erection

3. Machinery Breakdown

  • Damage to machinery due to operational errors or technical failures
  • Coverage for repair or replacement costs

4. Third-Party Liability

  • Bodily injury or property damage caused to third parties during project execution

5. Optional Extensions

  • Natural disasters such as typhoons, floods, or earthquakes
  • Delay in start-up (DSU) coverage for project timelines

Key Features

  • Comprehensive coverage for construction, machinery, and project works

  • Protects against natural disasters, accidents, theft, and operational risks

  • Customizable policies based on project size, location, and risk profile

  • Accepted by banks, project owners, and government agencies

  • Nationwide claims support and fast response services

Why Choose Engineering Insurance

  • Financial protection against project delays and construction damages
  • Safeguards expensive machinery, equipment, and materials
  • Reduces liability risks to contractors and project owners
  • Supports uninterrupted project completion and operational continuity
  • Enhances credibility and trust with clients, partners, and regulators

Why Choose Engineering Insurance?

  • Protection Against Philippine Construction Risks – Coverage for typhoons, floods, earthquakes, and accidents common to local projects.

  • Safeguards High-Value Assets – Machinery, equipment, and construction materials are financially protected.

  • Ensures Project Continuity – Minimizes financial impact of delays, damage, or operational failures.

  • Complies with Contractual and Regulatory Requirements – Meets bank, project owner, and government insurance mandates.

  • Flexible and Customizable Coverage – Tailored for small, medium, or large-scale construction and engineering projects.

  • Builds Trust and Credibility – Demonstrates responsibility and reliability to clients, partners, and stakeholders.

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