FIRST INSURANCE offers its customers various classes of Engineering Insurance Coverage including:

• Contractors All Risks Insurance (CAR): This insurance policy provides coverage against unforeseen and sudden physical losses or damages to civil contract works, contractor Plant and Machinery, Temporary facility, principal existing property as well as providing cover to the contractor against possible liabilities towards third parties

• Erection All Risks Insurance (EAR): This insurance policy provides coverage against unforeseen and sudden physical losses or damages to electrical or mechanical erection project works, contractors’ plant and machinery, temporary facility as well as principal existing property which includes loss or damages during testing or commissioning. In addition, this insurance policy may also provide cover to the contractor against possible liabilities towards third parties.

• Contractors Plant and Machinery (CPM): This policy provides contractors with plant and machinery coverage against unforeseen and sudden physical losses or damages inside the projects area from any cause except those excluded under the policy.

• 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

• Deterioration of stock insurance: This type of policy is issued in combination with Machinery Breakdown policy, and covers the deterioration of stock kept in cold storage due to the breakdown of refrigerating machinery.

• Policy conditions apply