The Ultimate
Engineering Insurance in Jordan

EAR Erection All Risks

JICO delivers Erection All Risks Insurance to protect clients against all risks involved in using and installing machines and heavy equipment, testing, commissioning, and third-party liability.

Our coverage includes:

• Machines that need to be assembled.
• Machines that are part of the assembly line.
• Solar panel systems.
• Production lines.
• Hanger construction.

Our insurance protects your machinery against the following circumstances:

• Fire, explosion, lightning, etc.
• Flood, storm, and allied perils.
• Theft or burglary.
• Strikes, riots, and deliberate destruction.
• Third party liability.
• Property/material damage.

* The project value, including the value of machines and buildings, if any, must be declared.

Deterioration of Stock Insurance (DOS)

JICO offers Deterioration of Stock Insurance to cover losses arising from the breakdown of the machine, and covers the following:

• Stock damage
• Deterioration in refrigerated warehouses and rooms due to breakdowns of cooling machines
• Deterioration of the products, like medicines and frozen foods, because of a breakdown of the machine

* The value of the goods/products must be declared.

Contractors Plants and Machinery

JICO provides Contractors Plants and MachineryInsurance to cover the machinery and equipment owned by or under the insured’s care against the following:

• Any electrical or mechanical defects
• Explosions
• Natural hazards
• Damage to machines
• Malfunctioning that led to the breakdown
• Theft or burglary
• Strikes, riots, and deliberate destruction.
• Third party liability
• Property/material damage

Electronic Equipment Insurance

JICO presents Electronic Equipment Insurance to protect against sudden losses/damages to electronic equipment, including hardware or software, against all causes listed in the policy, but not limited to:

• Equipment (including computers) operates/at rest dismantled for purposes of cleaning.
• Transporting within the premises.
• Subsequent re-erection.
• Clerical costs incurred for reinstatement of lost data.
• Business interruption resulting from a covered loss.

*Note: This coverage only applies after successful commissioning. **Note: The value of the electronic devices and the cost of the expected recovery of the data must be declared.

Cash Insurance

JICO provides cash insurance to cover any loss of money while in transit from the insured’s premises to the bank and vice versa in the custody of the insured or their authorized representative.

Fidelity Guarantee (FG)

JICO extends FG insurance to protect against any loss caused due to any act(s) of forgery or embezzlement, larceny, and/or fraudulent conversion committed by the employee(s) in the course of their duties.

In this policy, “forgery” refers to the act of forging or fraudulently altering any document or the uttering of any forged or fraudulently altered document by an employee or employees to obtain possession of the insured’s money or goods.

Professional Indemnity (PI)

JICO provides PI insurance to cover any negligent act, error, or omission arising from your professional activities and duties, up to an agreed limit of indemnity for all claims arising from the same originating cause or source.