What is Engineering Insurance?

Engineering insurance is one of the corporate insurance types that are created specifically for engineering projects of the insurance industry, machines and electronic devices of workplaces during the business period. Although engineering insurance can be fine-tuned for many industries, most commonly used types of engineering insurance available are Construction All Risks, Assembly All risks, Electronic Device and Machine Breakage policies.

Who can benefit from Engineering Insurance?

Companies that make construction/assembly projects can benefit from engineering insurance, as well as business owners who want to secure machines and electronic devices in their business against sudden and unexpected events.

Machine Breakage Insurance

It provides repair and substitution costs required by material damage and damage caused by sudden and unexpected reasons, during normal operation or cleaning, overhaul or replacement at the same workplace after a test circuit in machines and facilities, in accordance with the General Requirements for Machine Breakage.

Machine Breakage Insurance Main Assurances:

  • Operating errors (maintenance errors, misuse, lubrication defects, etc.)
  • Damage caused by negligence or carelessness of operating personnel or third parties
  • Environmental reasons (storm, frost event, walking of thawed ice pieces, etc.)
  • Electrical and atmospheric events (short circuit, spark, high voltage and induction, isolation errors)
  • Water damage due to sudden overheating or cooling
  • Clogging or ingress of foreign substances
  • Lack of water in steam boiler
  • Inward crashes and deformations due to low pressure in closed containers
  • Damage caused by other non-exception

Machine Breakage Insurance Additional Assurances:

  • Loss of profit due to machine breakage
  • Physical explosion
  • Foundation and bases
  • Shipping costs, overtime and holiday fees and increases
  • Strike, Lockout, Disorder, Public Movements, Terror and Sabotage

Moving Machine Wide Motor Insurance

When the electronic machine is operating normally after a test circuit on equipment or computing systems or when cleaning, maintenance, overhaul and displacements are in place, or when stationary, this insurance provides repair and substitution costs required by material loss and damage caused by formerly unknown sudden and unexpected causes in accordance with the General Terms of Electronic Device Breakage.

Electronic Device Insurance

When the electronic machine is operating normally after a test circuit on equipment or computing systems or when cleaning, maintenance, overhaul and displacements are in place, or when stationary, this insurance provides repair and substitution costs required by material loss and damage caused by formerly unknown sudden and unexpected causes in accordance with the General Terms of Electronic Device Breakage.

Electronic Device Insurance Main Assurances:

  • Damage due to negligence, carelessness, misuse and sabotage
  • Theft or attempted theft
  • Faulty design and materials
  • Short circuit, high voltage and induction current effects
  • Fire, lightning, explosion
  • Roasting, blackout, smoke and fume
  • Disasters such as storm, flood, flooding, landslide, land subsidence except for earthquake
  • Damage due to water and moisture effects and related corrosion damage
  • Damage caused by other non-exception

Electronic Device Insurance Additional Assurances:

  • Shipping costs, overtime and holiday fees and increases
  • Damage and loss during disorderly use and shipment of mobile and portable electronic devices that is not covered in the insurance
  • Damage and loss of insured wares due to earthquake
  • Strike, lockout, disorder, public movements, terror and sabotage
  • Damage and loss due to physical damage to the magnetic disk, tape, card, and plain text forms, including information recorded in electronic computing systems (storage), and other external information media
  • Increased business and operating costs due to the use of alternative value instead of the insured value that is damaged due to the reasons covered by the guarantee
    Damage and loss in valves and tubes
  • Assembly Insurance (ear) is an all Risk (All risks) insurance that covers any sudden and unexpected damage to the work carried out so far and any parts to be carried out at that time, or any preparation materials or associated assembly equipment on the site at that time, to the site.

Assembly Insurance

Assembly Insurance (EAR) is an All Risk insurance that covers any sudden and unexpected damage to the work carried out so far and any parts to be carried out at that time, or any preparation materials or associated assembly equipment on the site at that time, to the site.

Assembly Insurance Main Assurances

Natural disasters (earthquakes, floods, landslides, storms, etc.)
Fire, lightning, explosion
Theft
Carelessness, sabotage
Electrical damage (short circuit, spark, arc, etc.)
Other damages that are not excluded in General and Special Terms.

Assembly Insurance Additional Assurances:

  • Third party financial responsibility
  • Construction/assembly work machines
  • Debris removal
  • Temporary construction site facilities and equipment
  • Existing structures, construction site facilities, strike, lockout, public movements and terrorism
  • Express transport, overtime, holiday fees and markups
  • Extended maintenance circuit