Engineering Insurance Products

Fiducia MGA offer a suite of Engineering products which are designed to suit businesses of all sizes.  The policies are designed to easily and clearly extend to meet the needs of your customers. 

The policies are competitive in both price and cover offered. Renewable or for a project, we aim to deliver clear and accurate documentation.

Our experienced Underwriters appreciate the value in risk management for security of plant and pricing from us will reflect the quality of the risk presented.

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CONTRACT WORKS

Sometimes referred to as Contractors All Risks, the main cover is for physical loss, destruction or damage to the Contract Works while in progress. The Policy may be arranged for either the Principal, Contractor or Sub-Contractor and is available on an Annual or Short Period (Project Specific) basis.

The Policy can be extended to include Owned or Hired in Plant Risks and Employees' Tools.

MACHINERY CONTRACT WORKS

Sometimes referred to as Erection All Risks, the principal cover is for physical loss, destruction or damage to the Machinery Contract Works and can be extended to include Owned and Hired in Plant Risks and Employees Tools.  Transit risks to and from the contract site is included.

Policies can be arranged on either an Annual or Contract Specific basis and we can offer variations of Cover during the Testing and Maintenance Period(s) depending upon the nature of the Contract(s) and the Machinery involved.

CONTRACTORS PLANT

This policy covers physical loss, destruction or damage to Contractors Plant (excluding Breakdown) - this may be Large operated Plant such as Cranes and Excavators (on wheels or tracks), - Non-operated plant comprising small equipment not requiring an operator or Portable Tools, Breakers, Generators Mixers and the like.

Whether you have large or small Items of Plant or are engaged in Construction, Civil Engineering, Plant-Hire or Groundworks we can structure the Policy to reflect the differing types and usage.

MACHINERY MOVEMENT

This cover provides for Indemnity in respect of repair costs following Loss/ Damage to Machinery/Plant during the chosen operations which may be Dismantlling, Transit, Loading and Unloading, Re-siting or testing.It is available on either an Annual basis for those engaged in Machinery Removal or on a short period basis to cater for a specific event.  Standard Cover automatically includes:

  • - Transit while on roll on / roll off ferry within the territorial limits - £150,000
  • - Temporary storage and deviations en-route for up to 14 days
  • - Costs for removal or disposal of Debris

MACHINERY DAMAGE

The principle cover is in respect of repair costs following sudden and unforeseen damage, including breakdown, accidental damage and explosion or collapse, to installed and mobile machinery at the insured's premises together with the cost of re-instating damage to property owned by the insured damaged as a result of the explosion of pressure plant. 

The Policy may be arranged on either a blanket or specified item basis.

MACHINERY BUSINESS INTERRUPTION

The policy covers loss of Gross Profit following sudden and unforeseen damage, including breakdown, accidental damage and collapse to installed and mobile machinery at the insured's premises.  Standard Cover automatically includes:

  • Loss of Gross Profit following Breakdown and accidental damage to key items of machinery 
  • Operator error
  • Ingress of foreign bodies
  • Option to convert to output basis
  • Accountants fees - £25,000

 

 

Copyright © 2017 Fiducia MGA. All rights reserved. Fiducia and Fiducia MGA are trading names of The Fiducia MGA Company Limited which is an appointed representative of Ambant Underwriting Services Limited (for general insurance intermediary business), a company authorised and regulated by the Financial Conduct Authority under registration number 597301 to carry on insurance mediation activities