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Engineering Insurance in Trinidad & Tobago

GENAC is proud to offer specialty business insurance products designed for all kinds of workers. Our Engineering Insurance was built to meet the unique needs of builders, developers, design professionals, and more to protect against engineering-related risks. To learn if engineer insurance is right for you, and to see the range of engineer insurance solutions we offer, explore the details below.

What is Engineering Insurance?

Engineering insurance is a type of insurance policy designed to protect against risks associated with construction, installation, machinery, equipment, and engineering projects. It often includes various coverage options such as Contractor’s All Risk (CAR), Erection All Risk (EAR), Machinery Breakdown, and Electronic Equipment Insurance.

Our Engineering Insurance is a comprehensive insurance policy that provides complete protection against risks associated with hardscape erection, resting, and working of any machinery, plant, or equipment. It also helps protect you and your ongoing projects, plant, machinery, or electronic equipment against loss or damage.

Who Needs Engineering Insurance?

Engineering insurance is essential for all kinds of industrial professionals and firms. The following titles and businesses stand to benefit from the protection engineer insurance offers:

Contractor
Construction company
Engineering firm
Manufacturer
Architect
Mechanical engineer
Civil engineer
Industrial engineer
Electrical engineer
And more

See below to discover our range of essential coverage options for engineers and design professionals.

Engineering Insurance Coverage Options With GENAC Insurance Company

Depending on your engineering profession, we’re proud to offer a range of insurance solutions — from building erection coverage to equipment and device protections.

Contractors All Risks (Car); Erection All Risks (Ear)

Contractors All-Risks and Erection All-Risks protect against the many risks inherent on construction sites, including physical loss or damage (subject to policy exclusions). These options can be extended to include Third Party Liability insurance. This policy is designed for buildings and civil works, including roads, harbours, bridges, et cetera), and the plant and equipment on-site.

Boiler and Pressure Vessel

The Boiler and Pressure Vessel coverage protects against sudden and unforeseen damage to the insured plant from explosion and/or collapse. Coverage can be extended to include property insurance, which protects against damage to other property of the Insured or Third Parties Bodily Injury and Property Damage.

Machinery All Risks

Machinery All-Risks cover covers loss or damage to Plants and Equipment from extraneous perils and can be written for a fixed plant as well as mobile contractors’ plants.

Machinery Breakdown

This coverage is designed for sudden and unforeseen damage to Plant and Machinery due to the breakdown of its working parts. This is typically written in conjunction with a Machinery All-Risks policy.

Equipment All Risks

Equipment All-Risks provides coverage for internal engineering equipment such as desktops, laptops, telephone systems, and scanners, and includes breakdown or derangement coverage for both hardware and software.

Engineering Insurance FAQ

What Are the Exclusions for Engineering Insurance?

Exclusions vary by insurance company and policy, so it’s important to ask about exclusions when buying insurance. That said, common exclusions include:

Wear and tear.
Defective design or workmanship.
Acts of war.
Wilful negligence.
Intentional acts.

What Is the Difference Between Contractor’s All Risk (CAR) and Erection All Risk (EAR) Insurance?

The main difference between these two types of coverage is that CAR is designed for civil engineering projects, while EAR is designed for more industrial installation projects and mechanical works.

Get Engineering Insurance Today

Protect yourself, your projects and your engineering business against the common risks found on construction sites. To make an engineer insurance quote request, click here. GENAC’s Quick Quote system means you’ll receive your quote in no time.