The building of infrastructure is a key facilitator of economic growth. However, the associated risks for firms that undertake this development can be as sizeable as the civil, building and mechanical engineering projects themselves.
With significant expertise in both engineering and insurance, our specialist team at Hollard Scintilla Engineering has the technical insight to assist brokers in assessing the elements of risk that affect clients across the construction spectrum and in structuring effective solutions to address them. In addition, our growing global footprint and insurance partnerships in various African countries helps locally based brokers who have international clients to provide cover across jurisdictions by acting as a reinsurer for our African partners. In addition, our growing global footprint helps locally based brokers who have international clients to provide cover across jurisdictions.
We count construction companies, mining houses, governments, banks, plant owners and many JSE-listed firms among our clients. We have provided solutions for their construction projects elsewhere in Africa, and built a reputation as a supplier of specialist insurance in non-traditional markets
Cover is tailored to meet the specific requirements of each project and will typically include protection against demolition risk, building erection risk, lateral support, machinery and electronic equipment breakdown, advanced loss of profits and third-party liability, as well as performance guarantees.
Operating internationally, with clients in the rest of Africa, and in non-traditional markets, we offer:
• Contractors all risks/liability policy (CAR). Virtually nothing is uninsurable, depending on how the cover is structured, and we cover anything from contractors to processing plants, yellow metal and electronic equipment. The broker plays a particularly important role here, by designing insurance solutions that satisfy both a client’s needs and their contractual obligations
• Plant all-risk insurance provides cover for construction plant