My Insure Bank
Engineering & construction insurance · NAICOM-licensed

Big builds, big machines — covered while they're at risk.

From the tower rising floor by floor to the crane on the lift, the turbine on test and the plant parked on site — one storm, collapse or theft can stop a whole project before handover. Cover that rebuilds the works and repairs the plant, up to the contract value or sum insured, when the worst day comes.

Contractors all risks
Scene 1 of 4

The half-built tower hit by a storm.

Contractors All Risks — rebuild the works in progress, up to the contract value

Brokered with our panel of insurers · quote confirmed with you · assisted claims.

Breaking
Did you know?

When a build is damaged or plant breaks down, engineering insurance from My Insure Bank rebuilds and repairs — up to the contract value or sum insured.

All cover/Engineering & Construction
Shop the cover

Protect the project, the works and the plant

Every Engineering & Construction line on the MIB panel — from all-risks on the works in progress to the machinery that runs the site. Each is brokered: request a quote and our team binds it with the right insurer.

Contractors All Risks (CAR)

Most popular

All-risks cover for a construction project, from groundbreaking to handover.

from₦150,000/yr
  • Damage to the works in progress
  • Fire, flood & storm on site
  • Third-party liability included

Erection All Risks (EAR)

Best value

Cover for plant and machinery being installed, tested and commissioned.

from₦180,000/yr
  • Damage during erection & lifting
  • Testing & commissioning cover
  • Plant, equipment & materials

Machinery Breakdown

Sudden, unforeseen mechanical or electrical failure of your plant.

from₦90,000/yr
  • Mechanical & electrical breakdown
  • Repair or replacement of plant
  • Keeps the site running

Prices are guidance from typical premiums — your exact quote depends on the contract value, the sum insured on the works or plant, the project period and the site conditions, and is confirmed with you.

Why MIB

Cover you can trust, claims that rebuild

Engineering and construction insurance brokered the right way — best price across insurers for your contract value and sum insured, and a team that gets your claim paid.

Insurers on the panel

We compare engineering and construction cover across our panel of regulated Nigerian insurers, so you get the right price for your contract value and sum insured.

Brokered, then bound for you

Tell us about the project and the plant; our team prepares the quote and binds the policy with the right insurer — no guesswork.

Assisted claims that rebuild

File a claim from your phone and let our team walk it through to a payout — cover that actually rebuilds the works and repairs the plant.

NAICOM-licensed

A product of PRA Insurance Brokers, licensed by NAICOM (Reg. No. RBC-1015, Composite Broker).

A quick conversation

Get your engineering & construction quote

Tell us about the project and the plant — the works in progress, the erection job, or the machinery on site — and our team prepares a quote across our panel of insurers and binds the right cover for your contract value and sum insured.

Brokered & bound with the team NAICOM Reg. No. RBC-1015 A product of PRA Insurance Brokers
From our partner underwriters

More cover in this category

Real products from NAICOM-licensed underwriters, arranged through My Insure Bank. Buy online in minutes, or speak to a broker for a tailored quote.

Talk to a broker about this cover

Underwritten by Universal Insurance PLC (NAICOM-licensed) · arranged by My Insure Bank, a product of PRA Insurance Brokers.