Engineering Insurance

Engineering Insurance

Engineering Insurance

Sanasa Engineering Insurance covers are designed specifically to provide complete protection against all types of risk associated with construction, testing and the commissioning of machinery (plant and equipment during the construction stage, machinery, etc). Our customized policies cater to a wide variety of plants and machinery at all levels of complexity, ranging from the relatively straight forward positioning and connecting up of single manufactured items such as small pumps and electrical motors, to the construction (and completion) of major industrial complexes.

All types of civil engineering works, ranging from small buildings to massive dams are exposed to damage from a wide range of causes including, fire, lightning, flood, inundation, storms, cyclones, and other accidental damages. ‘Contractors All Risks Policy’ is a comprehensive insurance, which provides complete protection against all types of civil construction risks. This cover can be taken jointly by the owner/ principal covering the interest of all other parties like main contractor, sub contractor, financial institution, bank, etc.

This policy has two Sections to cater for all contingencies associated with Contract work.
    The cover is on an All Risk basis and includes:
      Third party liability and related perils

        Various customized extensions are also available to meet your specific needs.

        Electronic equipment can be very costly, and their repair and replacement often has a heavy impact on your wallet. In today’s fast paced business landscape, automation is a guaranteed requirement for your progress and this tailored policy that covers your business against potential perils that can harm your electronic and electrical appliances and tools.

        Coverage
          Benefits

          This comprehensive policy covers your electrical and electronic equipment against the following perils:

            The scope of cover is like the Contractor’s All Risks Insurance but specifically designed for Erection/Installation projects, where the values of the Plant/Equipment dominate the Contract Value. This policy covers all risks in projects that involve construction, testing and commissioning.

            The following extensions can be included:

              This policy covers loss or damage to insured’s fixed Plant & Machinery against sudden, accidental and unforeseen physical loss or damage including losses covered by mechanical/electrical breakdowns.It is a condition under the policy that Sums Insured declared should represent the New Replacement Values and that there shall be a satisfactory Maintenance Program throughout the period of Insurance.

              The cover is designed for Mobile Plant & Equipment used in construction sites against sudden, accidental and unforeseen loss or damage but excluding mechanical/electrical breakdown. The same criteria apply as in the case of Machinery Insurance.

              Engineering Insurance
              Policy Document

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              What our customers say

              Danuska Pradeep

              I am very happy with the services you provided. Thank you so much. I would certainly recommend your Company to my friends.

              Thimalsha Weerasinghe

              Thank you so much for your all help and patience. You have been fantastic being so patient and answering any and all my questions etc. I highly recommend your service to my friends and family.

              Kalana Madupa

              I am now very happy that my life insurance policy has been put into force. I would really like to thank you for your reliable and prompt response always. Again, thank you very, very much for everything

              Mihiri Sithumini

              Many thanks for all your help in this matter. I have to say I really appreciate the efficient, kind and friendly manner that you have displayed in dealing with this. Sadly it seems to be lacking in so many areas of this modern world. You have restored my faith.

              Mekala Gamage

              I have been meaning for the past month to email and thank you for all your help at such short notice at the end of February. Everything is now in place with my life insurance and I feel so much better!! I hope you don't mind, but I have passed your details on to a friend of mine.