The king now offers engineering insurance

By: King Price

Spanner in the works? The king now offers engineering insurance

When things don’t go according to plan and contractors, developers and engineering teams are left scratching their hard hats, the King Price specialist engineering insurance team has your back. Yes, in addition to providing insurance solutions for a wide range of industries, the king now offers comprehensive engineering insurance.
Officially launched on 13 March 2018 at the 2018 BAUMA Exhibition, the King Price engineering insurance offering is professional cover for the niche risks that engineering contracts, plant and works encounter, as well as cover for third party liability.
“We created this specialised line of insurance to suit this highly specialised sector. There are particular liability concerns that are specific to the engineering industry, and the risks that come with undertaking big developments can be as sizeable as the civil, building and mechanical engineering projects themselves,” says Wynand van Vuuren, spokesperson at King Price.
“For this reason, we wanted to offer a comprehensive risk solution and a wide range of products, to mitigate and safeguard against different types of risk exposure in the course of engineering project rollouts, installation projects, and anything that may affect machinery and equipment,” says van Vuuren. “We know there’s no 1-size-fits-all solution when it comes to insurance,” he concludes.
The offering only works through brokers who are qualified to consult and advise best, in line with this industry’s risks and needs.
The king insures 8 specific sections of engineering risks:

For more information visit the King Price engineering insurance website here.

Related posts

CIB welcomes new head of Engineering


Natural catastrophes demand more sophisticated risk engineering programmes


Engineering – Tough but Resilient


Growing in opportunity and sophistication