Engineering Takaful

Contractors All Risk (C.A.R) Takaful provides comprehensive and adequate protection against unforeseen physical loss or damage to property insured as well as against third party liability in respect of property or bodily injury arising in connection with the execution of a contract. Loss of profits following Machinery Breakdown Takaful, Contractors Plant & Machinery Takaful, Boiler and Pressure Vessel Takaful and Electronic Equipment Takaful are among other tailor-made products offered by TIA Africa.
This policy covers all kinds of erection projects such as machinery erection, heavy equipment installation and may be extended to include testing and commissioning works. Loss of profits following Machinery Breakdown Takaful, Contractors Plant & Machinery Takaful, Boiler and Pressure Vessel Takaful and Electronic Equipment Takaful are among other tailor-made products offered by TIA Africa.
This policy covers the insured machinery defined in the schedule, against any unforeseen and sudden physical loss or damage from causes such as defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force, short circuit, storm, or from any other cause not specifically excluded.

Loss of profits following Machinery Breakdown Takaful, Contractors Plant & Machinery Takaful, Boiler and Pressure Vessel Takaful and Electronic Equipment Takaful are among other tailor-made products offered by TIA Africa.