Engineering Takaful

Engineering Takaful provides construction sites of various engineering projects to safeguard against unforeseen accidents. Based on actual needs of the Participant, Engineering Takaful offers various alternative pans as under:

Other major covers:

  • Contractor all risks (CAR)
  • Erection All Risk (EAR)
  • Machinery Breakdown (MBD)
  • Electronic Equipment Takaful (EET)
  • Boilers and Pressure Vessel Takaful

Contractor All Risk (CAR) Takaful

This plan provides protection against loss or damage of the contract works at contract site and third party claims arising in connection with the construction of the project.

The perils covered:

  • On natural perils such as fire lightning, water damage.
  • On the social perils such as burglary or theft.
  • On chemical perils such as explosion, heating and spontaneous combustion.
  • On the miscellaneous perils such as accidental damage.

Erection All Risk Takaful

This plan covers all kinds of erection and testing on individual machine, industrial machinery, steel works and/or structure as well as third party property and/or bodily injury arising because of erection work. Period of cover depends on project.

The perils covered:

Machinery Breakdown Takaful

This plan covers sudden and “unforeseen” damage to any insured machinery whilst at work or rest, moved or re-erected during cleaning, inspection, repair or installation in another position within the premises. The plan excludes external causes (e.g. fire, lightning, impact, etc.).

Machinery Breakdown Takaful is suitable for machines like air conditioners, counting machines, refrigerators, motors, transformers and other allied machinery used in the organization that has a possibility of electrical and mechanical breakdown. Monetary costs involved for restoration of machine to its original state is covered by this Takaful subject to certain conditions. It covers unforeseen and sudden physical loss of or damage to the items so covered, necessitating their repair or replacement, be it loss or damage from causes such as defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skills or carelessness, unless otherwise specified.

Electronic Equipment Takaful

This plan will cover all risks on material damage, data media, and increased cost of working such as computers, data processing equipment, office equipment and all other electronic equipment. The damage or destroy is due to a sudden unforeseen circumstances.

Boilers and Pressure Vessel Takaful

This plan is covered with more specified on their own or together with Machinery Breakdown Takaful. The coverage is on:

  • Damage to the boiler or as described in the schedule of certificate
  • Damage to surrounding property belonging to the participant such as building, machinery, stocks
  • Damage to the property of third party and bodily injury