Engineering Solutions for you

We know your relationships with customers, principals and stakeholders are paramount for your business. That’s why we work alongside you, helping identify insurance solutions that will keep your business running smoothly even when something unexpected occurs.

Generali Global Corporate & Commercial Engineering supplies a wide range of coverage, ranging from insurance for infrastructures to machinery breakdown. We fine-tune our offerings regularly, tailoring our products to specific client needs. And thanks to our combination of local presence supported by global expertise, we can partner with you to find ways to not only mitigate risk, but start avoiding some issues altogether.

Contractor’s All Risks (CAR) insurance covers civil construction projects above or below ground, for example residential and office buildings including skyscrapers, hospitals, railways, highways, bridges, tunnels, airports, dams, canals and ports. Coverage is also available for preparatory works at the construction site such as excavations, access roads and any construction materials stored onsite, as well as for all parties involved in the construction project. CAR policies provide comprehensive insurance covering a wide range of risks any civil construction project may be exposed to, from delivery of construction material onsite to project completion. CAR is extremely useful for contractors and lenders because it provides protection against unforeseen accidents that may result in financial losses. Examples include faults in erection/construction, human error, negligence, fire, collapse, natural perils, terrorism and willful acts committed by third parties.

Additional coverage options that can further strengthen your protection include Delay in Start-Up (DSU), as well as third party liability for works carried out at the worksite and Contractors, Plants, Machinery and Equipment (CPME) policies.

The overall range of your coverage can also be extended to cover loss of or damage resulting from faulty design, defective material or casting and bad workmanship, but excludes costs the Insured would have incurred for rectifying the original fault had such fault been discovered before the loss occurred.

Erection All Risks (EAR) coverage protects against a wide range of risks to which a project can be exposed, from delivery of construction material onsite to successful testing and commissioning, and is designed to cover plant and machinery erection projects like gas turbines, wind farms, installation of industrial heavy machinery, etc.

Examples of protection include faults in erection, short circuiting, electrical and mechanical breakdown during the testing and commissioning phase, human error, negligence, fire, natural perils, terrorism and willful acts committed by third parties.

Additional coverage options that can further strengthen your protection include Advanced Loss of Profits (ALOP) or Delay in Start-Up (DSU), as well as third party liability for works carried out at the worksite and Contractors, Plants, Machinery and Equipment (CPME) policies. The overall range of your coverage can also be extended through our “Supplier’s Guarantee” policy.

Inherent Defect Insurance (IDI) is a policy taken out by the contractor or principal in order to cover costs related to the potential collapse of civil works, or to waterproofing issues following completion. IDI covers a period of up to 10 years following completion of the civil work.

Machinery Breakdown (MB) insurance provides protection against sudden and unforeseen damages caused by mechanical and/or electrical breakdowns in the plant or machinery, covering physical loss and/or damage to machinery due to any cause (except those explicitly excluded from the policy, for example natural perils). MB covers plants and machinery while working or at rest, as well as loss and/or damage due to faulty operation, casting, vibration, entry of foreign objects and self-heating.

Machinery Loss of Profits (MLOP) provides coverage of losses incurred by a breakdown, supplying important protection for our clients because all manufacturing and industrial facilities include machinery, and breakdowns can affect business and cause loss of profit or diminish earnings until the affected machinery has been repaired or replaced. At heart, MLOP is fundamental for protecting business continuity. The policy can be taken out by the owner of the machinery in question, by the person or entity leasing the machinery, or jointly where interests affect more than one party.

Electronic Equipment Insurance (EEI) provides all risks coverage for unforeseen events leading to breakdowns and/or physical damage to electronic equipment subject to specific exclusions. EEI is key for protecting clients against the costs of restoring damaged equipment and data to working conditions, as well as for guaranteeing business continuity. EEI can also be extended to cover increased working costs that result from accidental loss and/or damage to electronic equipment.