Fiducia MGA offers a suite of Engineering products which are designed to suit businesses of all sizes. Our policies are designed to extend easily and clearly to meet the needs of your customers.
With our team of experienced underwriters, we can provide policies that are competitive in both price and cover offered. Whether renewable or for a project, we aim to deliver clear and accurate documentation.
CONTRACT WORKS
Sometimes referred to as Contractors All Risks (CAR), 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 cover for own plant, hired in plant and employees’ tools.
MACHINERY CONTRACT WORKS
Sometimes referred to as Erection All Risks (EAR), 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 are also 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 periods depending upon the nature of the contracts 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.
Alongside plant insurance, we can also facilitate inspection services. Through our partnership with Bureau Veritas, we are able to assist clients by supporting them in their statutory engineering inspection requirements. Bureau Veritas is at the forefront of the engineering inspection industry and can ensure innovative, flexible and efficient inspection services.
MACHINERY MOVEMENT
This cover provides for indemnity in respect of repair costs following loss or damage to machinery/plant during the chosen operations, which may be dismantling, 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 principal cover in this policy is for 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. It also covers the cost of reinstating damage to property owned by the insured which is 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
Contact Us
