CIB Engineering product updates – effective 1 January 2022

CIB’s unique approach to underwriting principles and practices have always been key elements to how we push end to end solutions bespoke to the specialised needs of all our clients.

Our focus is on innovative methods driving not only the design phase of the product but core principles of both pricing and benefits.

CIB’s Engineering Product is no different from our other product offerings and we have been hard at work to present you with an updated and unambiguous wording collection that speaks to the diverse needs of engineering risks.

The product array is inclusive of Contractors All Risks, Plant All Risks, Electronic Equipment, Machinery Breakdown, Deterioration of Stock and our all new Machinery Breakdown Loss of Profits Insurance. Our Erection All Risks cover is now an Addendum to the Contractors All Risks Policy which covers transit, erection, dismantling testing and commissioning risks as well as Third Party Liability. The target release date of the updated product is set for 1 January 2022. Download a copy of the product brochure here.

Understanding your world, we offer insurance done properly, in a personalised way. Click here for more information on CIB’s product offering.

To join our broker network, or get a quote, contact Jon-Jon Smit at jonjons@cib.co.za.

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