FIRST INSURANCE offers its customers various classes of Engineering Insurance Coverage including:
Boilers & Pressure Vessels: This policy covers the explosion or collapse of boilers and/ or other pressure related vessels resulting from:
1- Damages to the boiler and pressure vessel.
2- Damages to other surrounding property of the insured.
3- Liabilities to third parties both, covering property and body injuries
Machinery Breakdown Insurance: This type of policy covers sudden and unforeseen physical losses or damages to machinery due to electrical, mechanical or external causes which are not specifically excluded under the policy.
Electronic Equipment Insurance: This type of policy covers physical losses or damages to electronic or electrical equipment such as Electronic Data Processing (EDP) equipment, Electrical Equipment like medical, communication and navigational equipment due to any unforeseen and sudden cause.
In addition to losses and/or damages to the equipment itself, this coverage also encompasses the following:
1- External Data Media:
This section covers the loss of external data media which includes stored information and the cost of reprocessing and retrieving lost information.
2- Increased Cost of Working:
This entails, additional expenditure incurred on hiring or using a substitute for the EDP equipment, transport charges for personnel, their accommodation expenses and night work or work done during public holidays