03/02/2025
Malaysia Engineering Insurance and Construction
Consult Whatsapp + +60 14-531 4584 through FA MAJU Whatsapp Team.
http://wasap.my/+60145314584/Engineeringinsurance
Malaysia Engineering Insurance/
Engineering insurance refers to insurance that provides economical protection for risks faced by ongoing construction projects, installation projects, and machinery and equipment in project operation.
Product categories:
According to different projects, according to the object's attributes, it can be divided into all risks insurance for construction projects and all risks insurance for installation projects, and can also be divided into all risks insurance for projects and mechanical failure insurance.
Compensation for damages
Material damage: loss of an insured item due to accident or natural disaster, unless otherwise excluded.
Third-party liability:
the insured shall be liable for compensation for personal injury or property loss caused to a third party on the construction site and adjacent areas due to an accident directly related to the insured's project according to law.
Exclusions:
engineering design, technical errors in construction, quality defects in construction materials, mechanical damage to machinery and equipment occurring in the absence of external momentum...
special terms
On the basis of risk assessment and additional cost payment, there are more than 40 special clauses, including strikes, riots and civil disturbance clauses, limited liability insurance period clauses, extended liability guarantee period clauses, special fee clauses, and respect for buildings in earthquake areas and tunnels.
Insurance Agency in Malaysia
