Engineering Insurance

Under this class of insurance, NicozDiamond offer the following policies:

Electronic Equipment

NicozDiamond offers business cover for sudden and unforeseen physical loss or damage to electronic equipment, including data and stored information damaged as a result of power surges, fire or theft. Cover also includes computers, storage devices and other office electrical equipment.
Provides Cover for:

  • Repair or replacement of electronic equipment arising from sudden and
  • Unforeseen physical loss or damage.
  • Cost of reconstruction of external data
  • Claims preparation costs.

Machinery Breakdown

Cover is provided for operational down time and any subsequent loss of profit. Our machinery breakdown policy offers protection against sudden and unforeseen physical loss or damage to machinery that has either been erected, is operational or is at rest. The policy also covers loss of profits caused by damage to mobile plant machinery or the faulty operation of machinery.

Contractors All Risks Insurance

First Mutual Wealth

This policy offers comprehensive and adequate protection against loss or damage in respect of the contract works, construction plant and equipment, construction machinery and third party claims in respect of property damage or bodily injury arising in connection with the execution of a building/civil project

Erection All Risks

Protects against physical damage or destruction of machinery, equipment or apparatus used during work in progress while in the process of installing or erecting a plant, machinery and or building.

Plant All Risks

Plant and Erection All Risks Insurance

This policy covers mobile equipment or machinery that may be used in construction work including mining machinery, cranes, crushers, wreckers, rollers, front end loaders and other heavy mobile construction machinery. It also against loss of profits caused by damage to mobile plant machinery or faulty operation of machinery.

Deterioration of Stock in Cold Storage Policy

The policy provides cover for goods in cold storage against loss or damage caused by deterioration due to any unforeseen and sudden physical loss of or damage the machinery specified in the policy and indemnifiable under a Machinery Breakdown Policy in force at the time of loss.