Engineering Insurance
What is it covers.
Integrity Loss Adjusters excel in adjusting engineering insurance claims due to their extensive knowledge and experience in this specialized field. Their adjusters possess expertise in evaluating the intricate technical aspects of engineering projects and understanding the insurance policies associated with them. They are familiar with the complexities of machinery and equipment, construction processes, and the risks involved.
Our Services
1. Machinery Breakdown
Covers sudden and unforeseen physical damage to machinery and equipment.
2. Contractors' All Risks (CAR)
CAR insurance
provides coverage for construction and
engineering projects, including civil
engineering works, building construction,and installation of machinery and equipment. It covers material damage to the project site, construction equipment, and liability for third-party property damage or bodily injury.
3. Erection All Risks (EAR)
EAR insurance is
specific to projects involving the installation
and commissioning of machinery and
equipment. It covers material damage
during the erection process and provides
coverage for damage due to fire, theft,
accidental damage, and other perils.
4. Loss of Profits or Delay in Start-Up (DSU)
This class covers the financial losses
incurred due to delays in project completion
or interruption of business operations
following an insured event. It compensates
for lost revenue, increased costs, and
additional expenses.
Claims Adjustment
Process.
Initial Assessment
Our adjusters gather essential information, including policy details, incident reports, witness statements, and any available documentation related to the claim.
Investigation
Our expert adjusters conduct a thorough investigation to evaluate the circumstances of the loss or damage.
Coverage Evaluation
We review the insurance policy to determine the coverage provided for the specific claim
Loss Assessment
Based on the investigation and coverage analysis, we assess the value of the loss or damage.
Negotiation and Settlement:
We work closely with the insured, insurance company, and any other involved parties to negotiate a fair settlement.
Claim Documentation and Closure
Once settlement is reached, we ensure proper documentation of the claim, including any agreements, releases, or other necessary paperwork
Get Expert Assistance
Protect Your Business with Our Risk Management Solutions