Engineering Insurance
Our comprehensive Engineering insurance solutions are meticulously designed to shield your enterprise against unforeseen circumstances, ensuring your peace of mind and continuity of operations. At GM Financial Services, we understand the multifaceted challenges faced by businesses, and our wide range of coverage options addresses these challenges head-on.
- Contractors All Risk Insurance (car): Our comprehensive Engineering insurance solutions are meticulously designed to shield your enterprise against unforeseen circumstances, ensuring your peace of mind and continuity of operations. At GM Financial Services, we understand the multifaceted challenges faced by businesses, and our wide range of coverage options addresses these challenges head-on.
- Plant All Risk Insurance (PAR): The Plant All Risk policy is specifically crafted to offer comprehensive protection for a variety of scenarios involving construction, mining and both movable and immovable Plant. The policy provides protection against physical loss or damage to covered Plant and Equipment. This can include damage resulting from accidents, theft, vandalism, fire, natural disasters and more. The policy covers Plant and Equipment not only while they are stationed on a project site but also during transportation to and from the site. This ensures continuous coverage regardless of the equipment’s location. This type of insurance coverage extends its umbrella to encompass not only the owned Plant but also addresses the need for Plant hired in or out by the Insured. In the event of covered damage to the insured machinery, the policy can even account for the expenses associated with hiring replacement machinery.
- Cradle to Grave Insurance: The Cradle to Grave insurance is designed out of the need to comprehensively cover green power production projects. The covers include Contractors/Erection All Risk, Delay in Start Up, Construction Third Party Liability, Marine Cargo and Marine Delay in Startup, Operational All Risk, Operational Business Interruption and Operational Third-Party Liability.