Design and build your project with confidence
Builders, contractors and owners of various plant and machinery face a set of increasingly complex risks. Mechanical failures or a breakdown of equipment can result in unexpected losses to your business. Losses can also come from damage to equipment or stock through normal business processes, as well as from natural hazards and malicious acts. In addition, you can face the loss of earnings or even penalties for the failure to deliver goods or services. Time and costs are decisive factors in the economic success of a construction project. Damage to or loss of your plant, machinery or equipment can ruin your materials, increase your operating costs and erode your profits. Most projects also work within very strict time frames, meaning any downtime is extremely costly.
QBE has specialist expertise in providing insurance solutions to the construction sector, covering multiple areas of risk including electrical, mechanical, structural, and electronic breakdowns. We provide cover against any sudden or unforeseen damage that is not excluded in the insurance contract. We also provide comprehensive coverage for contract works, plant and machinery during erection and civil construction jobs.
We have the capacity to handle large projects and therefore large values, as well as insure a wide range of engineering risks and flexible premiums based on the excess levels to help cover your heavy financial investments in construction projects and plants and machinery operations.
In the Pacific region, QBE Construction and Engineering Insurance includes:
- Machinery & Plant Insurance
- Machinery Breakdown for Electrical/Mechanical Plant & Other Machinery
- Stock Deterioration & Loss (may not be available in all markets)
- Electronic Equipment Insurance
- Contract Works Insurance for Annual Cover or for Single Projects
The above only serves as a general description of our products and services in some of our Pacific operations. Please note that not all the products are offered in all markets. For full product details and coverage or to check on the product availability in your market, please contact your local insurance broker or a QBE authorised agent.