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. Product categories: Depending on the project, it can be divided into construction project all risks insurance and installation project all risks insuranc; depending on the attribute of the object, it can be divided into project all risks insuranc, and machinery breakdown insurance.
1. Loss compensation :
The third party liability: according to law, the insured shall assume the compensation liability for the personal injury or property damage to the third party in construction sites and adjacent areas caused by the accident that directly relates to the insured project.
Exclusions: engineering design, construction technology error, construction material quality defects, mechanical damage of machinery and equipment that happens without external momentum...
2. Special clause :
More than 40 special clauses are available on the basis of risk assessment and payment of additional expenses, including clauses in respect of strike, riot, and civil commotion, limited liability insurance period clause, extended liability guarantee period clause, special fee clause, clause in respect of buildings and tunnels in earthquake region.
For Whoom beneficial
Construction and installation projects in the process of "going out" of construction enterprises, real estate enterprises, production and processing enterprises, electrical power, gas and water production and supply enterprises.