Engineering & Construction – cover for machinery, plant and equipment, installation and construction projects

Scope of services at a glance

During construction, installation and operation, a variety of perils arise, both internal (e.g.: breakdown, faulty material or design, human error or negligence) and external (e.g.: fire, natural hazards). Physical damage caused by these perils followed by a downtime of works/operation can cause considerable financial consequences for companies and plant operators.

HDI offers a broad range of Engineering and Construction Insurance products from standard policies to bespoke solutions incl. manuscript wordings.

Engineering insurances comprise Property covers for:

  • Construction All Risks, Erection All Risks (CAR / EAR)
    • Material damages
    • Construction / Erection Third Party Liability
  • Financial loss due to Delay in Start-Up (DSU) during Construction / Erection
  • Civil Engineering Completed Risks (CECR) & Loss of Profit (CECR-LoP)
  • Machinery Breakdown
  • All risks Contractor’s Plant and Machinery (CPM)
  • Electronic Equipment (EEI)

During construction, installation and operation, a variety of perils arise, both internal (e.g.: breakdown, faulty material or design, human error or negligence) and external (e.g.: fire, natural hazards). Physical damage caused by these perils followed by a downtime of works/operation can cause considerable financial consequences for companies and plant operators.


Customer segments

HDI Global SE, Hellas has insured a number of large and highly complex constructions and infrastructure works in Greece. The main activities we cover are:

  • Infrastructure (road and rail works, pipelines, dams, port and airport development) during erection and/or operation
  • Renewable energy production units (Solar, Wind, Hydro) during erection and/or operation
  • Conventional energy production units (natural gas, lignite) and/or biogas/biomass during erection
  • Heavy Industry: assembly of new production lines and/or machinery breakdown during operation
  • Building Construction works (including industrial, warehouse, hotel units, hospitals, building complexes, etc.)
  • Electronic equipment (sound/vision, telecommunications, medical diagnostic)

Highlights

Customer-focused technical support

Engineers with many years of professional experience in the industry work for HDI as underwriters, claims-engineers and risk-engineers and provide support to clients on the full range of technical insurances.

High level of capacity

HDI has sufficient capacity at its disposal to provide insurance cover for major projects.

Insurance cover worldwide

Our world-wide network enables us to serve our clients in their home country as well as providing insurance policies almost world-wide.

Access to professional claims management service

HDI provides claims management services based on experience, ranging from minimising and repair of damage to a reliable claims settlement.


Risk Consulting

Skilled risk advice and support

HDI Risk Consulting provides a cross-industry risk engineering service to help clients identify and quantify risks. Where necessary they can take risk-reduction and risk-avoidance actions. Risk engineers assess technical risks, which can result from the condition and operation of machinery, and plant and equipment. Construction project advice and support is provided in line with the relevant safety and security related requirements through local inspections and central co-ordination.


Experts’ tip

Drafting emergency action plans

In the event of extreme weather conditions or an outbreak of fire, an emergency action plan facilitates taking prompt and effective damage-limitation action, thereby reducing the extent of damage or loss. Our experts can provide assistance.