Engineering Insurances
Engineering insurance is a package of insurances that combines several coverages against potential risks faced by the contractor and/or subcontractors, such as contractors' all-risk insurance, installation all-risk insurance, project workers' insurance, machinery and equipment insurance, and contractors' civil liability insurance. These coverages provide comprehensive coverage against all risks except those excluded.
All Risks Contractors
All Risks Contractors
Coverage for all types of construction projects, such as housing projects, schools, hospitals, industrial facilities, commercial complexes, water and sewage networks, water treatment projects, bridges, tunnels, shipyards, etc. This type of insurance covers, in its first section, material damage to the project, which includes damage to construction work due to fire, explosion, theft, vandalism, storms, winds, floods, collapse of part of the project, and accidents resulting from trial operation. Materials stored on the work site, equipment and machinery used in implementation, and temporary structures (such as temporary fencing or caravans) may also be covered. The second section covers civil liability towards third parties, which is damage to third parties (persons or property) due to the contractor's activities on the project. Coverage can also be expanded to include liability towards workers, heavy equipment, maintenance work, and underground work.
All Risks Installation Insurance
All Risks Installation Insurance
Coverage for projects and businesses involved in the installation of machinery and equipment, such as the installation of factories, turbines, electrical transformers, production lines, elevators and escalators, and complex electrical and mechanical systems. The first section covers material damage, covering sudden and unexpected losses or damages to equipment during installation, materials stored on-site, and damages resulting from fire, explosion, equipment falling during lifting or transportation within the site, errors during installation, theft or sabotage, flooding, lightning, and initial commissioning. The second section covers third-party liability, which covers bodily injuries to persons outside the project and damage to third-party property during the installation period. Coverage can also be expanded to include the maintenance period and liability towards workers and equipment used in installation (such as cranes or lifting tools).
Contractors' Civil Liability Insurance
Coverage for the contractor or subcontractor against legal claims resulting from bodily injury to persons outside the work team and material damage to third-party property, provided that these injuries or damages occurred during or as a result of the project. Coverage includes financial compensation for third parties, legal fees if a lawsuit is filed against the contractor, court defense costs, and out-of-court financial settlements.
Project Workers' Compensation Insurance
It provides protection and compensation to workers in the event of physical injury during work, death resulting from an accident at the project site, or an occupational disease resulting from the nature of the work. It also provides legal protection for the contractor or employer if a lawsuit is filed against them by the worker or his/her family. This insurance can cover workers and employees at the project site, whether permanent, temporary, seasonal, or subcontracted. Coverage may include medical treatment costs, hospital expenses and medication, salaries or compensation for temporary or permanent disability, death compensation, and compensation for total or partial disability.
Machinery and Equipment Insurance
Coverage for sudden and unexpected loss or damage to machinery and equipment while they are in operation, at rest, or while being dismantled or moved within the work site. Typically, this includes cranes, excavators, bulldozers, loaders, compressors and generators, concrete mixers, agricultural equipment, and road equipment (such as rollers and paving). Coverage includes fire and explosion, theft or vandalism, collision or overturning, falling of machinery or its parts, operational errors or accidents during work, landslides, floods, or torrents, lightning, and storms. Coverage includes equipment whether it is operating on-site, stationary, being dismantled or installed, or being moved within the project boundaries.
Machinery Breakdown Insurance
Coverage for sudden and unexpected losses or damages to machinery during operation or shutdown, due to internal or mechanical/electrical failure, including repair or replacement costs. Machinery that can be insured includes electric motors, turbines and generators, compressors, manufacturing machines, production lines, boilers and pumps, and industrial refrigeration and air conditioning systems. Coverage may include sudden mechanical breakdowns, internal electrical failures, excessive vibration or malfunctions, lubrication or cooling defects, human errors during operation, and malfunctions resulting from sudden stoppages or restarts. Coverage may also include repair or replacement costs, transportation, disassembly and installation costs, and the wages of specialized technicians.
Computer Insurance - Electronics
Coverage for delicate electronic devices and equipment against sudden and unexpected malfunctions or damage, whether during operation or temporary downtime. Coverage includes personal and laptop computers, servers, network equipment, medical imaging equipment, MRIs, advanced photocopiers and printers, monitoring and control systems, communication systems, switchboards, broadcasting and media production equipment, and factory measurement and control devices. Coverage can include sudden physical damage to the device due to: electrical faults, water or moisture leaks, human error during operation, device drops or collisions, fire or smoke, and theft. Coverage can also include repair or replacement costs, technician fees, and the costs of transporting and returning the device for maintenance.
Personal Accident Insurance / Services
Coverage for individuals in the event of: sudden accidental death, permanent total or partial disability, temporary disability from work, and medical expenses resulting from the accident. The condition requires that the injury be the result of a sudden, violent, and unexpected external event, such as a car accident, fall from a height, electric shock, injury during exercise or physical activity, or a home or work accident. Coverage includes death, permanent total or partial disability, temporary disability, and medical expenses. This insurance can be individual, group, or family.
Burglary Insurance
Coverage against loss or damage to the contents of the site due to burglary or robbery using violence and force as a result of breaking windows or piercing walls, ceilings or floors leading to them, or robbery by force that occurs by threat or by brandishing or using a weapon or by using violence.
Money Insurance
Provides protection against loss, theft, or damage to funds while in a safe or at work, and while in transit. "Funds" includes cash, checks, money orders, receipts or disbursements, foreign currency, payment vouchers, and other financial assets. Coverage includes theft or burglary (with evidence of break-in or break-in), fire resulting in loss of funds, and loss of funds during an assault on the bearer (such as armed robbery).
Fidelity Guarantee Insurance
Coverage for financial losses caused by the betrayal or embezzlement of a company employee or trusted person (such as directors, accountants, secretaries, etc.). This can include embezzlement, forgery, fraud, and unauthorized money transfers.
Glass Insurance
Coverage for Glass in buildings or structures from damage or breakage that may occur as a result of unforeseen events. This insurance can cover windows, glass doors, glass facades, and other glass elements in a building. Typically, it includes windows, glass doors, glass facades, glass shelves, and other glass surfaces. Coverage includes breakage or cracks, damage due to accidents, damage caused by weather conditions, damage due to theft, and glass damage resulting from fire.
Workmen Compensation Insurance
Coverage for employees who suffer work-related injuries or illnesses. This insurance provides financial compensation for losses that may arise as a result of an on-the-job injury, such as medical expenses, lost wages, and, in some cases, disability or death. This insurance typically covers bodily injuries, occupational diseases, deaths resulting from a work-related accident, and total or partial disability resulting from an injury. Coverage typically includes medical care, lost wages, total or partial disability, death compensation, and rehabilitation.
General Civil Liability Insurance
Covers individuals and businesses against financial losses that may result from lawsuits resulting from bodily injury or property damage caused by the insured's activities or actions. Typically, it covers bodily injury, property damage, legal compensation, and business-related damages.
Professional Malpractice Insurance
Coverage for healthcare professionals such as doctors, surgeons, psychiatrists, dentists, nurses, and others against lawsuits that may arise due to negligence or medical errors that cause injury or harm to patients. It provides legal and financial protection for healthcare providers against lawsuits that may arise as a result of injuries or harm to patients due to medical errors. This includes medical negligence, misdiagnosis, errors during surgical procedures, and other matters that result in physical or psychological harm to the patient. Coverage includes medical negligence, errors during treatment or surgery, misdiagnosis, improper handling of medical equipment, and psychological damage.
Professional Indemnity Insurance (Lawyer / Engineer / Accountant, etc.)
Coverage of legal risks and financial compensation that may arise due to errors or omissions during the performance of professional work. This insurance targets individuals or companies that provide consulting or technical services, such as lawyers, engineers, accountants, and consultants, as professional errors can occur that result in financial losses for clients or other parties. Coverage includes professional errors and omissions, financial compensation, legal defense, and damages resulting from professional work.
Banker's Blanket Bond (BBB) Insurance
Coverage designed to protect banks and financial institutions from risks related to their banking and financial activities. This insurance covers a variety of risks that banks may encounter while providing services to customers, such as financial fraud, theft, credit losses, risks associated with financial transactions, and risks related to technology and economic crises. Bank cover insurance is a group of insurance types that protect banks from potential losses resulting from financial and operational risks they may encounter while providing banking services. This includes coverage against fraud, theft, credit losses, and errors in banking transactions, in addition to technology-related cyber risks. It includes: financial fraud insurance, theft insurance, deposit insurance, financial errors insurance, cyber risk insurance, legal liability insurance, credit risk insurance, natural disaster insurance, and accident insurance.
Executive Management Insurance
Coverage for directors and board members of companies against legal liabilities that may arise as a result of their decisions and actions while managing the company. This insurance is critical for companies to attract and retain top executive talent by protecting them from the personal financial risks associated with managing the company. It provides financial protection for directors and board members against claims that may arise from wrongful acts or errors committed in the performance of their duties as leaders of the company. These wrongful acts include mismanagement, negligence, breach of fiduciary duties, misrepresentation, or violations of laws that could result in legal action, financial loss, or damage to the reputation of the company or its stakeholders. Coverage includes breach of fiduciary duties, mismanagement, violations of securities laws, labor practices, regulatory investigations and enforcement, shareholder lawsuits, and wrongful acts.
Cyber / Computer Crimes Insurance
Covers businesses and individuals against risks arising from cyber incidents or attacks, such as hacking, data theft, malware, or security breaches. This insurance provides financial coverage against losses resulting from online criminal activities targeting sensitive information, such as financial data, personal data, or intellectual property. It covers risks related to the electronic systems of businesses or individuals, including damages that may result from cyber attacks, hacking, malware, or breaches affecting data or systems. It includes cyber attacks and hacking, data theft, malware, business disruption, legal advice and defence, incident reporting, recovery and remediation, and cyber extortion.
Credit Card Insurance
Covers the credit cardholder or card issuer against financial losses resulting from unauthorized or fraudulent use of the card, or in some cases, from the cardholder's inability to repay due to emergency circumstances such as death, job loss, or disability. It provides coverage against: fraudulent use of the card in the event of theft or loss; unpaid debts resulting from the cardholder's death, permanent disability, or loss of income; and coverage for certain purchases made with the card. Coverage may include fraud protection, balance insurance, purchase protection, extended warranty coverage, and travel insurance.
Travel Insurance / Schengen
Covering the traveller against health risks and emergencies that may occur while traveling around the world, and also during his stay in the Schengen Area countries. The insurance covers medical expenses, hospitalization, medication, and surgical expenses abroad due to accident/sudden illness. Medical expenses, hospitalization, medication, and surgery (COVID-related), emergency medical evacuation/repatriation, repatriation of remains, dental emergencies due to accidents, immediate friendly visit to a traveling family member in the event of an accident, immediate friendly visit to a resident family member in the event of an accident, emergency return to the country of residence following the death of a close family member, repatriation of a family member traveling with the insured, repatriation of minor children/ accompanied children, search and rescue expenses at sea and on the mountain, personal liability, loss of passport, driving license, national ID, loss of checked baggage, delayed arrival of checked baggage, locating and forwarding of baggage and personal effects, kidnapping/abduction, legal fees, bail bond, trip cancellation, delayed departure of a trip abroad, missed departure abroad, death due to accident, permanent total disability, permanent partial disability, and death due to accident (common carrier).