Engineering Insurance

Premier Insurance has witnessed this nation grow. With each year and each innovation, we have marvelled at the achievements and capabilities of modern technology and state of the art engineering. Through time we have noticed two constants; technology is always improving, however, there is always a risk involved. Premier Insurance is there to protect you from the risks.

What you can buy:

  • Contractors All Risks
  • Electronic Equipment
  • Erection All Risks
  • Contractors’ Plant and Machinery
  • Advance Loss of Profit
  • Boilers and Pressure Vessels
  • Machinery Breakdown
  • Deterioration of Stock
  • Loss of Profit Following Machinery Breakdown
  • Computer All Risk
  • Leakage of Contents

What we need

For Contractors All Risk Policies

  • Commencement/Completion Date
  • Period of construction
  • Period of Maintenance
  • Engineering Requirements (Drawings, blueprints etc.)
  • Information in Consulting Engineers
  • Information on Contractors/Sub-Contractors
  • Subsoil Conditions
  • Meteorological Conditions
  • Information on Surrounding Areas

 

For Contractors Plant and Machinery Policies

  • Information on Surrounding Areas
  • Information on Equipment (hired or leased?)

 

For Erection All Risk Policies

  • Main Contractors/Sub-Contractors
  • Information on Supervising Firm
  • Commencement and Completion Date
  • Period of construction
  • Period of Maintenance
  • Engineering Requirements (Drawings, blueprints etc.)
  • Subsoil Conditions
  • Meteorological Conditions
  • Information on Surrounding Areas

 

For Machinery Breakdown Policies

  • Commencement and Completion Date
  • Period of construction
  • Period of Maintenance
  • Engineering Requirements (Drawings, blueprints etc.)
  • Consulting Engineers
  • Information on Contractors/Sub-Contractors

 

For Advance Loss of Profit Policies

  • Commencement and Completion Date
  • Period of Construction
  • Period of Maintenance
  • Process Flow Diagram
  • Annual Sum Insured
  • Financial Data
  • Back up Plans

For Electronic Equipment Policies

  • Description of Items – Make, Model, Power Requirements etc.
  • Year of Manufacture
  • Qualification of Operators
  • Replacement Value

 

For Deterioration of Stock Policies

  • Cold Storage Area Specifications
  • Plants Supervisors
  • Maintenance Procedure
  • Alarm Systems
  • Power Supply – Back ups
  • Description of Stock
  • Year of Manufacture
  • Replacement Value

 

For Boiler and Pressure Vessel Policies

  • Boiler Specifications- Make and Number
  • Year of Manufacture
  • Boiler Type
  • Steam Output (Lbs/hr), Pressure (Psi), Heaters Surface (Sq.), Fuel, etc.
  • Maximum Load On Safety Valve
  • Periodical Inspection
  • Qualification of Boiler Attendant
  • Value of Surrounding Property
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