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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 of roads, bridges, dams and housing projects. Under this plan, comprehensive and adequate protection against loss or damages with respect to constructions plants is 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 indemnifiable under 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.