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.
Our Engineering Insurance provides essential protection for contractors, project owners, and firms involved in the construction, installation, or operation of industrial machinery. We ensure your financial security against sudden and accidental physical loss or damage, keeping your projects on track.
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:
Custom-built insurance products designed to meet the specific demands and complexities of your construction projects.
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 coverage for third parties
Machinery Breakdown Insurance
Coverage against sudden and unforeseen physical loss or damage caused by mechanical or electrical breakdowns during operation. This policy covers operational machinery and equipment in commercial and production facilities, including 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.
Comperhensive coverage for machinery and equipment —whether in operation, during rest periods, while undergoing overhauls, or while being relocated within the site premises.
Coverage against accidental damage, operational failure, unforeseen conditions, and operational negligence
Deterioration of stock policy - Optional coverage follow Machine breakdown