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takaful@takafulsgi.com
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Engineering Takaful provides construction sites of various engineering projects to safeguard against unforeseen loss or damage. Based on actual needs of the Participant, Engineering Takaful offers beneath types of coverage:
Contractor All Risks Takaful offers comprehensive and adequate protection against loss or damage in respect to contract works of civil engineering projects, construction plant and equipment and construction machinery as well as third party claims in respect of property damage or bodily injury arising in connection with the execution of a construction project.
Erection All Risk Takaful offers comprehensive and adequate protection during the period and stages of erection of the machinery, plant and steel structures of any kind as well as third party claims in respect of property damage or bodily injury arising in connection with the execution of an erection project.
Erection All Risks (EAR) Takaful is designed to secure the interests of principals, contractors, and sub-contractors participating in the erection of plants, machinery, and heavy equipment, against loss, damage, or liability caused by a variety of dangers and hazards.
Electronic Equipment Takaful is today a common PMD for high valuable electronic equipment. The term electronic equipment comprises all electrical systems having moderate power requirement.
In other words all types of equipment which generate, convert, store transfer and/or process physical data and information can be covered. Electronic Equipment Takaful is one of the most comprehensive PMD. The takaful protects owner as lesser or lessee, as operator, or as hirer, or as maintainer. This PMD is an “Accidental” takaful of “all risk” basis covering almost all the perils but only after successful commissioning of the covered items. Mobile and portable equipment whilst at stationary or at transit anywhere in the country may also be covered under this PMD.
Machinery Takaful is developed to grant industry the effective takaful cover for expensive plant, machinery and mechanical equipment. All type of machinery, plant, electrical and mechanical equipment and apparatus may be covered under this PMD. By its very nature Machinery Takaful is an all risk “Accident” takaful for machinery. It covers unforeseen and sudden physical loss or damage from causes not specifically excluded, in a manner necessitating repair or replacement. Those items having a short service life compared to the entire plant are normally excluded.
Boiler takaful (Boiler cover) is a type of takaful that covers repairs and in some cases the replacement of a home boiler. It can also cover other parts of the central heating system and even plumbing and electrics Damage (other than by fire) to any boiler or pressure vessel described in the Schedule and to other property of the Covered.
Liability of the Covered at law on account of fatal or non-fatal injuries to any persons other than the Covered’s own employees or workmen or members of the Covered’s family, caused by and solely due to explosion or collapse as hereinafter defined of any boiler or pressure vessel.
