A Takaful solution designed to cover all types of engineering risk, including machinery, computer and electronic risks, construction risk and contract work.
Takaful Engineering offers a comprehensive range of covers against misfortunes such as:
- Machinery Cover – sudden and unforeseen physical damage to plant and machinery, irrespective of whether it is at work or at rest, being dismantled, removed, repositioned, cleaned, inspected, overhauled or in subsequent re-erection
- Construction Plant Cover – besides accidental physical damage of the plant, this cover is extended to include the hiring costs of a substitute plant, as well as loss or damage to the plant hired. Ongoing hire charges following loss or damage for which the participant may be liable can also be covered
- Deterioration of Stock – loss or damage by deterioration or contamination of goods during storage within a controlled environment as a result of an indemnifiable event
- Transit and Erection – physical loss or damage during operations such as dismantling, positioning, re- siting, storage, transit, erection, maintenance, repair, demonstration, exhibition as well as liability for third parties
- Loss of Gross Profit following indemnifiable loss or damage under Machinery Insurance
- Computer and Electronic Data Processing Equipment – applies to equipment owned or leased and covered for a wide range of perils within the premises, in transit or temporarily located at other premises
- Contract Works – both the contractor and the employer are covered against risks associated with construction. This includes injury and loss or damage to third parties
In addition, we will continually shape and develop our offering to enhance the scope of risk coverage, thus positioning us to add more market solutions in the future.