SID Re considers construction, erection and operational engineering risks requiring detailed technical assessment and carefully structured capacity.
Potential Risk Segments
- Contractors’ All Risks
- Erection All Risks
- Civil engineering projects
- Infrastructure development
- Roads, bridges and tunnels
- Airports and ports
- Rail and metro projects
- Power and utility projects
- Water and wastewater facilities
- Industrial construction
- Mechanical and electrical installation
- Machinery breakdown
- Boiler and pressure vessel
- Electronic equipment
- Contractors’ plant and machinery
- Civil Engineering Completed Risks
- Deterioration of stock following machinery breakdown
- Testing and commissioning
- Project cargo linked to construction
- Third-party liability associated with insured works
Potential Coverage Components
- Contract works
- Temporary works
- Construction materials
- Plant and machinery
- Existing property
- Testing and commissioning
- Maintenance periods
- Machinery breakdown
- Business interruption
- Advanced loss of profits or delay in start-up, where specifically agreed
- Third-party liability
- Debris removal
- Professional fees
- Expediting expenses
Risk review may incorporate design, contractor experience, project schedule, site conditions, natural hazards, testing procedures, values at risk and loss-prevention measures.