Engineering Insurance

Contractors, manufacturers and plant operators depend on expensive machinery and complex projects. A breakdown, a collapse or a site accident can stop work and bring heavy costs. Agisanang’s Engineering Insurance covers the machinery, plant and works that keep these businesses running, arranged with underwriters who understand engineering risk.

Types of engineering cover

• Contractors’ All Risks: Damage to contract works, materials and site property during construction, and liability to third parties, as the policy allows.
• Erection All Risks: Cover for plant and machinery during installation, erection and testing.
• Machinery Breakdown: Accidental damage to insured machinery from mechanical or electrical failure.
• Electronic Equipment: Computers, control systems, medical and other electronic equipment.
• Plant and Equipment: Mobile plant, such as excavators and cranes, wherever it is working.
• Deterioration of Stock: Loss of refrigerated or temperature-sensitive stock following a covered breakdown, where available.
• Loss of income after breakdown: Support with income lost while machinery is down, where included.

What the cover can include

• Repair or replacement of insured machinery or works after accidental damage
• Costs of dismantling, re-erection and transport after a loss
• Temporary repairs and express freight, where the policy allows
• Third-party liability arising from the project or the operation of the plant
• Removal of debris, where included

What is typically not covered

• Wear and tear, corrosion and gradual deterioration
• Faulty design, workmanship or materials, except where the policy provides for the resulting damage
• Losses from poor maintenance or failure to follow manufacturers’ recommendations
• Consequential loss unless the policy includes it

Exclusions vary by insurer and section. We go through them with you.

Who it’s for

Construction companies, civil and electrical contractors, manufacturers, mines, plant hire businesses and municipalities with major infrastructure.

How it works

1. We review the project, machinery or plant, and how it is maintained and used.
2. We approach underwriters with engineering appetite.
3. We present terms, including conditions on surveys, maintenance and site safety.
4. We issue the policy and administer changes, such as extensions of a contract period.
5. If a loss occurs, you notify us and we manage the claim, including assessor appointment.

What we need to quote

• For projects: contract value, location, start date and period, and nature of the works
• For machinery: make, model, age, value and maintenance records
• Details of subcontractors and site security
• Claims history, normally for the last three to five years

Questions you may have

Is plant covered when it is on hire? It can be. Tell us the arrangement and we will check.

Does cover end when the project ends? Project cover runs for the agreed period. We can arrange extensions if the contract runs on.

Do I need inspection certificates? For some machinery, insurers ask for them. We tell you what applies.

Why choose Agisanang for engineering insurance

• Project-based thinking: Cover is structured around a contract, a site and a build period.
• Specialist underwriters: Our partners include insurers with engineering appetite, such as Guardrisk and AC&E.
• Clear wording: We explain your obligations on maintenance, surveys and site conditions.
• Claims handled properly: Technical claims get technical follow-through.

Keep the project moving. Keep the plant working.

Call to action: Contact Agisanang to discuss engineering cover for your operation.

Related pages: Corporate Insurance, Assets, Heavy Commercial Vehicles.