Our product covers the risks present in the erection and installation of electrical or mechanical plants and machinery. Crafted by highly skilled underwriters who can customise your solutions, it’s the perfect plan for mechanical and electrical contractors, and also ideal for developers, manufacturers, and anyone involved in large and complex installations.
Areas of focus
Power plant construction
Oil and gas facilities
Steel, aluminium, cement industries
What it covers
Erection and/or installation of electrical or mechanical plant and machinery anywhere in the world
Losses during the testing and commissioning period preceding hand-over, and damage during the contractual maintenance period
Movement and re-erection of machinery along with the testing, commissioning and maintenance of installed machinery
Breakdown and explosion during testing and commissioning
Overseas contracts, subject to some territorial and environmental peril limitations
The standard insurance covers:
Defective design under the LEG 2/96 wording
Damage to installed equipment during maintenance visits
However, it can be extended to provide:
Wider defective design cover
Extended or ‘full’ or guarantee maintenance
Experience in underwriting various types of risks, from standard installation contracts to large scale power and energy plants
Strong track record as the leading insurance of large and complex project contracts
Capacity to cover contracts in many overseas territories
Highly experienced risk engineers who can assist in risk management and reduction, while ensuring that standards are maintained during erection and installation works
Find a broker near you.
See how Chubb can help you get covered against potential risks.