Corporate Insurance Solutions

ENGINEERING INSURANCE

Our goal is to provide the insurance you need to cover your assets and properties. GGI offers competitive choices for you, we offer a wide range of innovative solutions that cover construction projects [contractors’ equipment and machines, electronic equipment, and machines malfunction]. In this regard, GGI offers five insurance products:

Contractors All Risks Insurance: This policy is designed to cover losses and damages of civil engineering construction projects.

Erection All Risks Insurance: This policy is designed to cover project losses and damages during equipment erection and installation work.

Electronic Equipment Insurance: This policy is designed to cover accidental losses and damages in electronic equipment.

Machinery Breakdown Insurance: Machinery insurance is important for any party that operates units, stations or machines.

Contractors’ Plant and Machinery Insurance: This insurance is beneficial to contractors who own or lease equipment at construction sites.

Professional Indemnity (Architects and Civil Engineers) Insurance: This insurance policy is designed to mitigate the risks associated with Architects and engineering works, covering financial liabilities, and it extends to include legal expenses, ensuring that professionals can protect their financial interests and professional standing when facing legal disputes.

 

Quotation Requirements and Conditions:

1. Commercial Registration.
2. Proposal form duly filled out, signed, and stamped
3. List of Equipments along with their make,model, serial no and year of manufacturing
4. Claim experience for 5 years.

Requirements and conditions for issuing the document:

1. Valid CR or SAGIA for foreign companies.
2. KYC form.
3. National Address.
4. VAT Certificate.
5. Authorized representative ID.
6. Owner ID.
7. Signed & Stamped Quotation

Policy Description

Provides coverage for sudden and unforeseen mechanical or electrical breakdown of machinery, helping businesses minimize repair and replacement costs

Quotation Requirements and Conditions:

1. Commercial Registration.
2. Proposal form duly filled out, signed, and stamped
3. List of Equipments along with their make,model, serial no and year of manufacturing
4. Claim experience for 5 years.

Requirements and conditions for issuing the document:

1. Valid CR or SAGIA for foreign companies.
2. KYC form.
3. National Address.
4. VAT Certificate.
5. Authorized representative ID.
6. Owner ID.
7. Signed & Stamped Quotation 

Policy Description

Covers owned or hired construction equipment and machinery against accidental loss or damage while in operation, at rest, or during transit within the insured site.

Quotation Requirements and Conditions:

1. Commercial Registration.
2. Proposal form duly filled out, signed, and stamped
3. List of Equipments along with their make,model, serial no and year of manufacturing
4. Claim experience for 5 years.

Requirements and conditions for issuing the document:

1. Valid CR or SAGIA for foreign companies.
2. KYC form.
3. National Address.
4. VAT Certificate.
5. Authorized representative ID.
6. Owner ID.
7. Signed & Stamped Quotation 

Policy Description

Protects electronic equipment such as computers, servers, medical devices, and communication systems against accidental damage, electrical faults, and unforeseen events.

Quotation Requirements and Conditions:

1. Commercial Registration.
2. Proposal form duly filled out, signed, and stamped
3. In case of single projects, Contract Copy, Scope of Work, Time schedule
4. Claim experience for 3 years.

Requirements and conditions for issuing the document:

1. Valid CR or SAGIA for foreign companies.
2. KYC form.
3. National Address.
4. VAT Certificate.
5. Authorized representative ID.
6. Owner ID.
7. Signed & Stamped Quotation

Policy Description

Protects professionals against legal liability arising from errors, omissions, negligence, or breaches of professional duty in the services they provide

Quotation Requirements and Conditions:

1. Commercial Registration.
2. Proposal form duly filled out, signed, and stamped
3. Contractors Experience in Similar project and past loss details for the last 5 years
4. Site layout
5. Bill of Quantity.
6. Bar charts.
7.Scope of Work

Requirements and conditions for issuing the document:

1. Valid CR or SAGIA for foreign companies.
2. KYC form.
3. National Address.
4. VAT Certificate.
5. Authorized representative ID.
6. Owner ID.
7. Signed & Stamped Quotation

Policy Description

Covers physical loss or damage to construction works, materials, and equipment during the construction period, including third-party liability arising from construction activities.

Quotation Requirements and Conditions:

1. Commercial Registration.
2. Proposal form duly filled out, signed, and stamped
3.Contractors Experience in Similar project and past loss details
4. Site layout
5. Bill of Quantity.
6. Bar charts.
7. Scope of Work

Requirements and conditions for issuing the document:

1. Valid CR or SAGIA for foreign companies.
2. KYC form.
3. National Address.
4. VAT Certificate.
5. Authorized representative ID.
6. Owner ID.
7. Signed & Stamped Quotation

Policy Description

Protects against loss or damage during the erection, installation, testing, and commissioning of machinery, plants, and industrial equipment, including third-party liability.

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