Engineering Insurance

Guarantee losses due to material damage to third parties during the construction period

Asei Insurance guarantees losses due to material damage (to machines, electronic equipment, and others) or losses due to third party responsibilities that occur during the construction period or during erection.

The following is the coverage we offer:

1. Project Engineering

   Asuransi Asei provides coverage for losses, damage or destruction of property (buildings and their contents) caused by fire or other causes specified in the insurance contract.

   • Construction Insurance/Contactor All Risks (CAR).
   • Insurance that covers all risks of damage/loss that occur during the construction or construction process (excluding some of the risks mentioned in the exception).
   • Erection All Risks (EAR) Insurance.
   • Insurance that covers all risks of damage/loss that occur during the process of assembling/installing the machines (excluding some of the risks mentioned in the exception).
   • Contractor’s Plant and Machinery (CPM) insurance.
   • Insurance that guarantees all risks of physical damage or loss to the insured object that occurs suddenly and is unexpected (excluding some of the risks mentioned in the exception). The CPM policy also covers damage or loss when heavy equipment is at work, at rest, or being dismantled during the overhauling process. Parties that can become the Insured are contractors, companies, and direct individuals/agencies.
   • Civil Engineering Completed Risk (CECR) Insurance
   • Insurance that guarantees civil works that have been completed (has been built). Parties that can become the Insured are contractors, companies, and direct individuals/agencies.

2. Non Engineering, Non Project

   • Electronic Equipment Insurance (EEI)
     Insurance to guarantee losses due to physical damage to electronic equipment.
   • Machinery Breakdown Insurance (MB)
     Insurance for machinery or factory installations that are being operated.
   • Comprehensive Machinery Insurance (CMI)
     Insurance that guarantees protection against loss/damage to machines for all engineering-dominated risks, especially risks resulting from engine damage, fire, lightning and chemical explosions, as well as risks of natural hazards. Parties that can become the Insured are companies and direct individuals/agencies.