Engineering
Engineering Insurance can be broken down into the following two areas:
Inspection Services
Placing plant and machinery under close scrutiny, examinations are an important part of meeting statutory, regulatory and operational requirements.
Employers need to ensure that they comply with the Health and Safety at Work Act (1974) to avoid potential prosecution from their local Enforcing Authority by having plant periodically examined.
Machinery Insurance
Plant and machinery installed at premises can be insured, either on an individual item or a blanket basis. In both instances cover excludes fire and the associated perils that are insured under your fire policy.
A Machinery Options policy allows customers to choose which items of plant and machinery they want to insure and select the cover that is most appropriate. The widest level of cover is Sudden and Unforeseen Damage.
All Risks Machinery Policy provides cover on a blanket basis for all plant and machinery at the premises. Whilst this policy does not provide for an Inspection Service, a separate Inspection Contract can be tailored to meet requirements.
Whichever option is chosen, cover for Own Surrounding Property, Pressure Plant and any other Plant less than two years old is on a reinstatement basis. Otherwise settlement is on an indemnity basis.
If you need to discuss your Engineering insurance requirements and you are not an existing customer, then please email Shawn Biles or call him on 01420 82501.
If you are an existing customer, please contact the Account Executive that we have assigned to you on 01420 82501.