Project & Engineering Takaful

This type of insurance is provided for all construction projects such as residential and office buildings, hospitals, factories, power plants, road and railway facilities, airports, bridges, dams...etc.

The Project and Engineering Takaful insurance policy provides insurance cover against any unexpected or sudden material loss or damage that occurs for any reason in the building up of the project, except for what is specifically excluded in the policy.

It also contributes to covering the legal liability of the insured towards third parties in the event of physical injury and accidental loss or damage to third party property related to the construction work. The insurance also covers losses resulting from specified natural hazards (details mentioned in the contract).

Contractors Plant and Machinery (CPM)

This policy covers the contractor's machinery and equipment while on the work site against accidental risks (named in the policy) that may occur suddenly and unexpectedly during the insurance period.