Discover Our Four Types of
Engineering Insurance

JICO provides various types of Engineering Insurance, including Contractors’ All Risks Insurance, Erection All Risks Insurance, Contracting Plans and Equipment, Machinery Breakdown Insurance (including Deterioration of stock, boilers, and pressure vessels), as well as Electronic Equipment Insurance.

CAR Contractors All Risks

JICO offers CAR insurance for building and construction projects, providing solutions throughout their entire lifecycle rather than on an annual basis. Our policy covers damage to property, construction, residential and commercial buildings, roads, bridges, tunnels, and ports.

We insure your projects against the following events:

  • Fire
  • Natural perils, such as fire, lightning, flood, storm, etc.
  • Loss/damage of property
  • Loss/damage of owned/rented machinery
  • Theft or burglary
  • Third-party liability (property damage and/or bodily injury/death)
  • Property damage

Note: The project breakdown values must be declared.

Get a QuoteCall us to learn more

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.

Our insurance protects your machinery against the following circumstances:

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

Note: The project value, including the value of machines, must be declared

Get a QuoteCall us to learn more

MBD Machinery Breakdown Insurance

JICO presents Machinery Breakdown Insurance to cover breakdowns affecting owned or under-the-insured care machinery against the following:

  • Any electrical or mechanical defects
  • Explosions
  • Natural hazards
  • Damages on machines
  • Malfunctioning that led to the breakdown
  • Internal fire
  • Short circuit
  • Loss of profit following machinery breakdown

Note: The value of the machines must be declared.

Get a free quote Call us to learn more

DOS Deterioration of Stock Insurance

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, as a result of a breakdown of the machine

Note: The value of the goods/products must be declared.

Get a QuoteCall us to learn more

Boilers Insurance

JICO extends Boilers Insurance policy to cover:

  • Any damage to boilers and boiler bodies because of an implosion and/or pressure breakdown
  • Any other damages that may have resulted from the implosion around the boiler itself.

Note: The value of the boilers must be declared.

Get started on your firm’s protection Call us to learn more

Contractors Plants and Machinery

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

  • Any electrical or mechanical defects
  • Explosions
  • Natural hazards
  • Damages on machines
  • Malfunctioning that led to the breakdown
  • Theft or burglary
  • Strikes, riots, and civil commotions
  • Third party liability
  • Property/material damage
Get a QuoteCall us to learn more

EEI 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) operating/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.

Other coverages you might need: liability & specialty lines Call us to learn more

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.

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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.

Other coverages you might need: liability & specialty lines Call us to learn more

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

Get a QuoteCall us to learn more

Get Consultation From Our Risk Management Team

Our risk management customer portal, helps clients make critical risk management decisions by turning data into graphical reports and actionable knowledge at the touch of a button.

Call an Expert Now!

Client Reviews

  • Rand Al Sakka

    Customer

    Very prompt response to my initial enquiry – extremely helpful and professional staff.

    They gave me the most suited package for me and for my 3 children

    5 stars
  • Khalid Abu Al Hija

    Customer

    My family left Saudi Arabia this summer. It was not easy being this far away from them.

    Ahmad from JICO really helped me pick the best possible package!

    5 stars
  • Mariam Taha

    Customer

    I’ve never had to waite inline at a pharmacy and I’ve always been able to secure my monthly dosage with

    My Chronic medications are delivered to the pharmacy each month right on time

    5 stars
  • Rand Al Sakka

    Customer

    Very prompt response to my initial enquiry – extremely helpful and professional staff.

    They gave me the most suited package for me and for my 3 children

    5 stars
  • Khalid Abu Al Hija

    Customer

    My family left Saudi Arabia this summer. It was not easy being this far away from them.

    Ahmad from JICO really helped me pick the best possible package!

    5 stars
  • Mariam Taha

    Customer

    I’ve never had to waite inline at a pharmacy and I’ve always been able to secure my monthly dosage with

    My Chronic medications are delivered to the pharmacy each month right on time

    5 stars

FAQ Section

Questions mostly asked by our customers with answers to
help you better understand our insurance.

  • What is an engineering insurance policy?

    JICO’s engineering insurance policy provides economic protection against a variety of risks associated with ongoing construction projects, installation projects, machinery and equipment, electronic equipment (including computers and servers), deterioration of stock, as well as boilers and pressure vessels.

  • What does Contractors All Risk Insurance cover?

    CAR covers projects from the point of the excavation until ready for full operations, the machines on the construction site, surrounding properties, and liability to third parties if they experience bodily injury, material, and/or property damage.

  • What are the types of engineering insurance?

    JICO offers various types of engineering insurance, including 1) Contractors All Risks Insurance, 2) Erection Risks Insurance, 3) Machinery Breakdown Insurance 4) Electronic Equipment Insurance 5) Deterioration of stock, and 6) boilers and pressure vessels.

  • What is the Cash Insurance policy?

    Cash Insurance is a type of insurance coverage that indemnifies the insured against loss of money, including current coins, banknotes, currency notes, cheques, postal orders, and current postage stamps.

  • What is the Fidelity Guarantee policy?

    Employee Dishonesty Insurance, often broadly referred to as a “fidelity cover,” is a type of business insurance that offers an employer protection against financial losses that are caused by its employees’ dishonest misconduct.

  • What is the Professional Indemnity policy?

    Professional Indemnity Insurance offers protection in the event of contract breaches or errors made while providing professional services, advice, or recommendations to a client.