Engineering Takaful

 The world of engineering and construction involves a lot of factors beyond human control which make way for all sorts of incidents. Accidents, whether minor or major, cause setbacks and costly delays that endanger the schedule and integrity of any project. Engineering Takaful provides construction sites the customized protection required to safeguard against unforeseen accidents. Based on actual needs of the Participant, Engineering Takaful offers Contractor’s Plant and Machinery/Equipment (CPM/CPE), covering civil works such as construction or roads, bridges, dams and housing projects. Under this plan, comprehensive and adequate protection against loss or damageswith respect to constructions plantsis made available, be they equipment, machinery or property damages. Other major covers include Erection All Risk (EAR), Machine Breakdown (MB)and Electronic Equipment Takaful (EET).

Contractor All Risk (CAR) Takaful:
CAR Takaful offers comprehensive and adequate protection against all risks involved in the construction of civil works of any kind, including surrounding property and third-party claims with respect to property damage or bodily injury arising due to the execution of a project.

Electronic Equipment Takaful:
Electronic Equipment Takaful covers all equipment with moderate power requirements against material damage. The coverage is extended for all electrical and electronic systems such as Electronic Data Processing (EDP) equipment, electrical equipment for medical use, communication facilities, lighting and navigation facilities and equipment for research and materials testing, other than those specifically excluded.

Machinery Breakdown Takaful:
Machinery Breakdown Takaful has been developed to provide effective Takaful cover for plants, machinery and mechanical equipment at work, at rest or during maintenance operations. By its very nature, Machinery Takaful is a comprehensive cover for machinery, supplementing the coverage afforded by Fire Takaful. Thus, it covers unforeseen and sudden physical loss of or damage to the items so covered, necessitating their repair or replacement, be it loss or damage from causes such as defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skills or carelessness, unless otherwise specified.

Consequential Loss due to Machinery Breakdown Takaful:
This policy provides cover for losses which result from business interruptions caused by an accident indemnifiableunder Machinery Breakdown policy.

Erection All Risk Takaful:
Erections All-Risks (EAR) Takaful provides cover against all risks involved in the erection of machinery, plant and steel structures. If the Participant suffers from any unforeseen and sudden physical loss or damage from any cause other than those specifically excluded, in a manner necessitating repair or replacement, he shall be indemnified with respect to such loss or damage.