Engineering Insurance
From planning to completion, every project requires a strong foundation of security.
Boubyan Takaful offers comprehensive Sharia-compliant Engineering Insurance solutions designed to protect construction projects, machinery, and equipment against unexpected risks during construction and operational phases.
Engineering Insurance provides essential protection for contractors, project owners, and companies involved in construction, installation, or operation of machinery. It ensures financial security against sudden and unforeseen physical loss or damage.
Contractors’ All-Risk Insurance
This policy covers loss or damage to civil engineering projects such as construction works, materials, and equipment on site, From small villas to high-rise towers and large industrial constructions. Key Benefits:
Tailor-made products for the construction industry
Comprehensive all-risk coverage
Erection All-Risk Insurance
A comprehensive Takaful insurance program that provides protection "all risks coverage" against all types of risks associated with the installation, testing and operation of machinery, plant and equipment during the construction phase.
Coverage tailored to the specific needs of each project
Legal liability protection for third parties
Machinery Breakdown Insurance
Covers mechanical or electrical breakdowns during operation. It covers operational machinery and equipment in commercial and production facilities, such as power generating units including boilers, turbines, generators, and gas turbines; power distribution plants such as transformers and switchgear; and production machinery and equipment including motors, compressors, pumps, gearboxes, reactors, and other related systems.
Comprehensive coverage for machinery during operation, rest, overhauls, or relocation
Protection against accidental damage, operational failure, unforeseen conditions, and operational negligence
Deterioration of stock policy - Optional coverage follow Machine breakdown