The various disciplines of Engineering Insurance are:
Engineering Insurance
Cover: Sudden and unforeseen breakdown of the insured machinery.
The essence of this insurance is to cover machinery critical to your operations.
Loss of profit resulting from reduction in turnover as well as increased cost of working following loss or damage covered in terms of the Machinery Breakdown policy.
Machinery Breakdown Loss of Profit
Plant and machinery in the course of erection or during commissioning is susceptible to loss or damage. The essence of this cover is to provide compensation in the event of accidental loss or damage during erection.
Organisations venture into business with profit in mind. Damage to works undergoing construction or machinery in the course of erection would result in a delay in realising profit. This policy would indemnify the policyholder for loss of future gross profit.
Deterioration Of Stock In Cold Storage
Goods being imported or exported by sea need to be covered against loss or damage. The policy caters for a diverse range of goods, be it machinery, sculpture, household items, computers, motor vehicles etc.
This policy covers tangible property belonging to the organisation or held by them in trust or on commission for which they are responsible. This includes, but not limited to:
Buildings, being office blocks, factories, laboratories, colleges etc
Contents of buildings comprising of furniture, stationery, fixtures and fittings
Plant and Machinery such as transformers, generators, processing plant, etc
In industry and commerce the potential liabilities facing organisations are a lot. Liability cover is available to provide protection. The following are some of the covers available:
Marine Hall & Aviation
Insurance
Sudden and unforeseen physical loss or damage necessitating repairs or replacement. Cover is comprehensive on the specified vessel including houseboats, third party property damage, passenger liability, contents, any other loss and tender boats.
Cover is provided specifically to the operation of aircraft and the risks involved in aviation.
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Covering loss or damage to, or as a result of:
Theft following force or violence
Money (and other negotiable instruments)
Plate Glass
Goods in Transit within Zimbabwe
Employees Personal effects
Accidental Damage to office machinery.
Covers costs of tracing outstanding debtors as well as compensation for untraceable debts following destruction of records.
Rainbow Insurance Brokers® offers many coverage options, to help you prepare for the things you don’t see coming for your business.
We can help you find coverage that's right for your business and whatever you do to make money & an impact.
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