Engineering Insurance

Protecting Projects, Powering Progress

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Why our Engineering Insurance?

Project Continuity

Ensures that projects can continue or be completed even if disruptions or damages occur, minimizing downtime.

Risk Management

Covers financial losses from project delays, damage, or accidents, protecting against unforeseen risks.

Financial Security

Provides financial protection against claims for errors, omissions, or liabilities, safeguarding your business assets.

In a nutshell

Engineering insurance is a policy designed to cover risks associated with engineering projects, including construction, machinery, and equipment, protecting against financial losses from accidents, damage, or delays.

Customer reviews

I've recommended Cosmic to all my friends and family because of the exceptional service I received. If you want a hassle-free insurance experience with a personal touch, look no further.

Vlad Winkler Entrepreneur

Choosing Cosmic was one of the best decisions I've made for my insurance needs. Their expertise and attention to detail gave me peace of mind knowing that I have the right coverage in place.

George Nekwaya Tech CEO

My experience with Cosmic was exceptional. Their friendly staff guided me through the entire process and made sure I had all the information I needed to make an informed decision.

Grace Chisenga Teacher

I appreciate their efficient process of electronically filling out forms for me and seamlessly obtaining my signature online within minutes. It saved me the hassle of handling paperwork.

Samuel Kalangula Sales Executive

In this forever busy & demanding world, my experience with Cosmic has been one of efficiency, very well tailored and personalized to make my life easier. I highly recommend their Service.

Dr Elina Barnabas-Shilongo Medical Doctor

Key Feautures

Construction Risks & Public Liability Cover

Protects against damages or injuries to third parties during construction and covers project-related risks.

Add-on

Plant All Risks Cover

Insures machinery and equipment used in construction or engineering projects against damage or loss.

Add-on

Machinery Breakdown Cover

Covers the cost of repairing or replacing machinery that suffers a mechanical breakdown.

Add-on

Machinery Breakdown Loss of Profit Cover

Provides compensation for lost income resulting from machinery breakdowns that disrupt business operations.

Add-on

Applied Electronics Cover

Protects electronic equipment against damage or malfunction due to electrical or mechanical issues.

Add-on

Dismantling, Transit & Erection (DTE) Cover

Insures against risks of dismantling, transportation, and erection of machinery or equipment during installation or relocation.

Add-on

Removal of Support Cover

Protects against damage caused by removing physical support during construction or excavation activities.

Add-on

Delay in Start-up Cover

Compensates for financial losses due to delays in project completion caused by insured risks, ensuring the project owner against lost revenue or increased costs.

Add-on

Ts&Cs Apply

FAQ

Click Here to submit your details and have us call you ASAP. You may also call us on 061400000.

Under-insurance means your insurance isn't enough to cover the full cost of replacing your insured assets.

Insurance add-ons are optional extras that you can include in your standard insurance policy to enhance coverage.
 

NB* Add-ons usually come at an extra cost

An excess (also known as a deductible or first amount payable) is essentially an underwriting fee charged to minimise the number of small administratively expensive claims, or to reduce a loss ratio, and to impose a duty of care on the insured client. 

An insurance brokerage acts as an intermediary between clients and insurance companies. Their main functions include:
  • Advising Clients: Helping individuals and businesses understand their insurance needs and recommending appropriate policies.
  • Sourcing Policies: Comparing offerings from various insurance companies to find the best coverage and rates for their clients.
  • Negotiating Terms: Working with insurers to secure favorable terms and conditions for their clients.
  • Claims Assistance: Assisting clients with filing and managing claims to ensure they receive their entitled benefits.
  • Ongoing Support: Providing continuous advice and support, including policy reviews and updates as clients' needs change.

In essence, insurance brokerages help clients navigate the complexities of insurance to ensure they are properly covered.

Yes, Cosmic has valid licenses to carry out insurance broker services in Namibia. We are regulated  by NAMFISA and we are obligated to abide by the long-term and short-term insurance act.

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