As experts in Engineering and Construction insurance, we endeavour to differentiate
ourselves through our client-focused approach to Underwriting, Claims and Risk Management.
With experts coming from various industrial disciplines providing a thorough understanding
of our clients’ needs, we can provide tailored insurance-solutions supported by strong
Technical malfunctions, material defects and operating errors can result at any time in damage that results in plant and machinery downtimes. In the case of installation projects or on construction sites, external factors like natural hazards or fire risks exacerbate the risk exposure. HDI’s Engineering and Construction insurance solutions provide insurance for existing risks. The HDI Completed Value Builder’s Risk cover provides comprehensive insurance against property damage and business interruption losses. Project cover factors in the extensive risks involved in major construction and plant engineering projects. Policyholders in all categories have access to risk engineers from HDI Risk Consulting. They provide support to clients in the form of early identification and avoidance of potential risk situations.
Scope of services at a glance
Engineering / Construction
During the construction/installation of:
and the operation of assets within industries involved in:
the company’s property is exposed to various perils such as from:
Internal causes e.g. breakdown, faulty materials, design, workmanship
External causes e.g. fire, accidental damage, impact, weather perils
HDI can provide insurance for :
Physical damage caused by these perils and more, including when followed by a downtime of works/operation which causes financial consequences for contractors and owners/operators of such property.
HDI offers a broad range of Engineering and Construction Insurance-products from standard policies to bespoke solutions including manuscript wordings. HDI can arrange insurance programs for all types of projects covering interests of various insured parties according to the needs for the specific project and / or local requirements.
HDI has the ability to reimburse all the agreed costs incurred to restore structures, machinery to its status prior to damage. Additionally Delay In Completion or Soft Cost insurance offer protection for consequential financial loss of profits.
HDI products’ proposition embraces construction/engineering policies protecting all industries’ projects controlled by either Investor or Contractor as well as policies during the operational phase for Operators’ assets, e.g.:
Water Resources Industries e.g. dam owners, water utilities
Transport Infrastructure e.g. motorways, railways, ports
Renewable Energy e.g. wind, solar, hydro, geothermal
Customer-focused technical support
Engineers with many years of professional experience in industry work for HDI as underwriters and provide support to clients on the full range of technical issues.
High level of capacity
HDI has sufficient cover capacity at its disposal to provide insurance for major projects.
Insurance cover worldwide
The performance of local contractors is covered. Companies with worldwide operations can be covered through an international insurance programme.
Access to professional claims management service
HDI provides claims management services based on experience, ranging from restriction and rectification of damage to reliable claims settlement.
Skilled risk advice and support
HDI Risk Consulting provides a cross-industry risk engineering service to help clients identify, quantify and where necessary take risk-reduction and risk-avoidance actions. Risk engineers assess technical risks, which can result from the condition and operation of machinery, 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.