WhyYouNeedThisCover
Engineering projects often involve multiple contractors, specialised equipment, strict timelines, and substantial capital investment.
Unexpected events such as fire, accidental damage, equipment failure, theft, or site incidents can disrupt operations and increase project costs.
Engineering Insurance helps protect businesses against these risks by providing financial support when covered losses occur.
Arangeofproductsfordifferentprojectandoperationalrisks
Choosethecoverthatfitsyoursite,plant,machinery,orequipmentexposure.
Contractors All Risk Insurance
Provides protection for construction works, materials, equipment, and third-party liabilities during construction projects.
Suitable for:
Building construction
Civil engineering works
Infrastructure projects
Erection All Risk Insurance
Provides protection for machinery, plant, and equipment during erection, installation, testing, and commissioning.
Commonly used for:
Industrial plants
Power projects
Mechanical installations
Plant All Risk Insurance
Provides cover for construction plant and heavy equipment against accidental loss or damage.
Cover may include:
Equipment such as cranes, excavators, bulldozers, loaders, and compressors.
Machinery Breakdown Insurance
Provides protection against sudden and unforeseen mechanical or electrical breakdown of insured machinery.
Cover may include:
Factories
Manufacturing plants
Industrial operations that depend on continuous equipment performance
Deterioration of Stock Insurance
Provides cover for refrigerated and temperature-sensitive stock damaged as a result of equipment breakdown or temperature fluctuations.
Suitable for:
Cold rooms
Food processing facilities
Pharmaceutical storage facilities
Related operations
Electronic Equipment Insurance
Provides protection for electronic systems and specialised equipment against accidental loss or damage.
Suitable for:
Computers
Servers
Communication systems
Medical equipment
Other critical electronic infrastructure
EngineeringInsuranceissuitableforbusinessesinvolvedin:
"Project owners and developers
Construction companies
Manufacturing companies
Engineering companies
"Project owners and developers
Construction companies
Manufacturing companies
Engineering companies
Protectionagainsttheunexpectedeventsthatdisruptprojects
Fire
Accidental damage
Equipment failure
Theft
Site incidents
Why Businesses Choose NEM Insurance
Over 75 years of insurance expertise
More than ₦36 billion paid in claims over the last decade
Deep understanding of commercial and operational risks
Experienced underwriting and claims teams
Nationwide service and broker support
Over 75 years of insurance expertise
More than ₦36 billion paid in claims over the last decade
Deep understanding of commercial and operational risks
Experienced underwriting and claims teams
Nationwide service and broker support
Frequently asked questions
Engineering Insurance provides protection for construction projects, industrial installations, machinery, equipment, and related liabilities against covered risks.
Many public and private sector contracts require evidence of engineering insurance before project commencement.
Cover can be arranged for construction projects, infrastructure works, industrial installations, manufacturing facilities, energy projects, and telecommunications infrastructure.
Yes. Machinery Breakdown Insurance provides protection against sudden and unforeseen mechanical or electrical breakdown of insured equipment.