Specialist insurance solutions

Contractors’ All Risks Insurance (CAR)

The Contractors’ All Risks (CAR) insurance policy cover all types of building and civil engineering construction – from residential (housing) to commercial (shopping centres and office blocks) to infrastructure (roads, bridges, dams, water and sewage reticulation pipelines) and offers protection against the hazards which may threaten works under construction. Most construction projects include certain elements of machinery erection (e.g. installation of air conditioning and lifts in buildings).


The policy provides cover on an all risks basis for physical loss or damage to the insured property.

Main Hazards

The main hazards covered are: fire and explosion, theft, burglary, collapse, earthquake, landslides, storm and flood. Certain perils (especially forces of nature) obviously vary from location to location, and the likelihood of loss or damage is also influenced by the actual type and method of construction.


Third Party Liability

This section protects the insured against third party claims for any bodily injury or property damage caused by construction activities.

Contractors’ Plant & Equipment Insurance (CPE)

This cover is also known as Plant All Risks (PAR) insurance or Contractors’ Plant and Machinery (CPM) insurance. Construction works often call for the use of heavy, specialised machinery such as tunnel boring machines, earthmoving equipment, cranes, pumps, air compressors etc. It is possible to cover such plant and equipment by way of an appropriate endorsement under Contractors’ All Risks policies. However, specific items of plant are usually only on one construction/erection site until the particular job for which they are designed for is completed. Such jobs do not last for the whole construction period and the plant is moved on to the next site as soon as its job is finished. Therefore, in most cases, cover granted by means of an endorsement to the Contractors’ All Risks policy would not be suitable, because such policies are limited to loss or damage caused at one particular construction site only. It is preferable to issue an annually renewable Contractors’ Plant and Equipment policy, because it caters for plant and equipment used at different locations.


Cover is on an “all risks” basis, and is basically for unforeseen and accidental physical loss or damage due to external causes.

Main Hazards

The main hazards are: fortuitous working accidents such as collision and overturning, fire, burglary, theft, faulty operation, natural perils such as earthquake, storm and flood.

Advance Loss of Profits (ALOP)

This type of insurance may also be encountered under the name Contractors’ All Risks Loss of Profits, Delayed Earnings Insurance, Delay in Start-up, Loss of Rent, and Loss of Standing Charges (including debt servicing costs). It is a business income protection cover, with the aim of covering the principal’s loss of gross profit resulting from a delay in completion of the construction and/or erection works. A prerequisite for granting ALOP is for an underlying Contractors’ All Risks policy to be in force. Normal working delays are not covered under ALOP.


The cover is limited to the actual loss of gross profit sustained resulting from a delay in the completion of the project; the delay itself must be caused by a loss covered under a Contractors’ All Risks policy.

Electronic Equipment Insurance (EEI)

The Electronic Equipment insurance policy offers complete protection for all types of electronic equipment such as entire Information Technology (IT) installations, telephone exchanges, cell phone networks, specialised electronic medical equipment and electronic measuring equipment.


The policy is of an all risks nature, covering unforeseen accidental loss or damage. The covers include material damage, business interruption, increased cost of working, comprehensive software and software Business Interruption (BI).

Business Interruption following Electronic Equipment Insurance (EEI BI)

Similar to Business Interruption following fire, Electronic Equipment Insurance Business Interruption (EEI BI) covers the financial consequences of an electronic equipment loss.


The cover is limited to the actual loss of gross profit sustained due to a loss covered under an EEI policy and also insures cost incurred in reducing the cost of a claim.

Comprehensive Machinery Insurance (CMI)

Comprehensive Machinery Insurance (CMI) cover is similar to Industrial All Risks (IAR) cover, includes cover for Business Interruption and is suitable for power plants, refineries, chemical industries, processing plants etc. where the value of the plant and equipment is equal to or greater than the value of the civil works of the project. CMI is used to provide seamless first year operation cover for completed projects originally insured under our CAR/DSU policy.


The cover is limited to the actual loss of gross profit sustained due to a loss covered under an EEI policy and also insures cost incurred in reducing the cost of a claim.

Seamless Project Insurance

Increasingly, large projects require comprehensive insurance cover. An inherent problem is that distinct individual policies issued by possibly different insurance companies will result in gaps in cover and disputes as to which insurer’s policy will respond to some events. This policy was designed to eliminate these problems.

This unique product is the result of collaboration between Mirabilis, Emerald, Stalker Hutchison Admiral, Santam Marine, Travel Insurance Consultants and Santam Bonds and Guarantees (as complement), to provide a Seamless ‘cradle to operational’ policy wording, combining the expertise of these specific specialist underwriting managers (UMAs) into one insurance policy. Mirabilis will be the point of contact for this product at both quoting and claims stages.

The policy offers the following cover: Liability, Project Professional Indemnity, Marine and Marine Loss of Profits, Contractors’ Plant and Equipment, Assets / Operational and Business Interruption, Riot Wrap Around.


The cover is defined in the various policy sections and is designed to provide seamless cover for the project from inception of the marine voyage to operational cover.

Civil Engineering Completed Risks Insurance (CECR)

Some completed civil engineering structures are only exposed to a negligible fire hazard, and therefore a typical fire policy would be inappropriate.  However, these structures can still be exposed to elemental perils, geological conditions, or hazards from operation and use of the structure.


It is a named peril policy, issued on an annually renewable basis and is for material damage only.  Following a loss or damage, the policy indemnifies to repair/reinstate the structure to the condition prior to the loss event.  The main exclusions are: political risks; nuclear reactions, nuclear radiation or radioactive contamination; wilful act or wilful negligence; wear and tear, inherent defects; lack of maintenance and consequential loss.

The perils covered are:

  • Fire, lightning, explosion, impact of land or waterborne vehicles
  • Impact of aircraft and other aerial devices or articles dropped therefrom
  • Earthquake, volcanism, tsunami
  • Storm (air movements stronger than grade 8 on the Beaufort scale)
  • Flood, inundation, wave action, water, subsidence, landslide, rockslide or any other earth movement
  • Frost, avalanche, ice
  • Vandalism by individuals

Specialist Real Estate

We offer a wide range of specialist insurance solutions for the collective property schemes industry (sectional title / home owners’ associations / retirement villages), which cater for residential and commercial real estate markets. We also offer specialised insurance solutions for the broader real estate industry, including property developers.

Range of insurance solutions:

Residential sectional title schemes

Such as flats, townhouses, semi-detached houses, dual houses

Share Block schemes/group and cluster housing schemes

Often referred to as ‘gated villages’- controlled by homeowners’ associations

Sectional title retirement villages

Retirement villages but excluding frail care liability

Golf estates

Golf estate and lifestyle living and holiday apartments Corporate sectional title office blocks and office parks Structured products for the broader real estate industry

Machinery Breakdown Insurance (MB)

Machinery Breakdown (MB) insurance offers protection against sudden and unforeseen physical loss or damage to machinery which has been erected and is operational or at rest. The policy covers internal breakdown or derangement. Machines have a limited lifespan as they are exposed to wear and tear: therefore, machinery owners must depreciate their machines annually and establish reserves for replacement.


Following an insured event, the policy pays for all repair costs, provided the cost of repair does not exceed the actual value of the machinery at the time of the loss. In the case of a total loss (repair costs exceed the actual value of the machinery), the actual value is indemnified.

Main Hazards

The main causes of damage covered under Machinery Breakdown policies this policies include fortuitous working accidents, a machine’s tearing apart due to centrifugal force, short circuits, defects or faults in design, material or manufacturing and incorrect operation.

Loss of Profit following Machinery Breakdown Insurance (MLOP)

Similar to Loss of Profits following fire, Machinery Loss of Profits covers the financial consequences of a machinery breakdown.


The cover is limited to the actual loss of gross profit sustained due to a loss covered under this policy and also insures costs incurred in reducing the amount of a claim.

Deterioration of Stock (DOS)

Deterioration of Stock is insurance for the protection of perishable goods stored in warehouse-type cold stores or controlled environment rooms. The policy is not intended for goods stored in retail stores.


The cover is for perishable goods (e.g. meat, fish, vegetables, and fruit) stored in cold stores which suffer damage as a consequence of an insured machinery breakdown accident. Such damage occurs as a result of rise or fall in temperature, a change in the concentration of gases or the action of refrigeration media escaping from the equipment in cold stores, due to a breakdown of the refrigeration system or by the loss of coolant.