Construction, Engineering & Guarantee

Etana provides cover on an extensive range of construction and engineering risks. This was the first type of insurance offeRED by the company back in 1938, and it’s still going strong!

Etana’s expert team is well versed in both engineering and insurance, remaining hands-on through site visits to ensure risks are appropriately assessed and coveRED.

Simple, flexible policy wordings are in force across the board. We live by the principle “if it is not excluded, it’s included”.

Our loss adjusters are all qualified engineers in their specific disciplines e.g. civil, electrical, mining, structural. Plus they’re independent, which means they have no vested interest in the outcome of a claim.

Listed below are the types of construction and engineering cover offeRED by Etana, with internal underwriting capacity in brackets. (Please note that, in all instances, larger risks can be facilitated with reinsurance.)

• Construction/erection all risks (R100 million/US$10 million on 100% maximum possible loss)
• Advanced loss of profits (R100 million /US$10 million combined with material damage)
• Construction industry public liability (R20 million/US$2 million)
• Support risk insurance (R20 million /US$2 million)
• Plant all risks (R100 million/US$10 million item limit)
• Machinery breakdown (R100 million/US$10 million)
• Machinery breakdown: consequential loss (R100 million/US$10 million combined with material damage)
• Electronic equipment insurance (R50 million/US$5 million)
• Employer’s liability (R20 million /US$2 million)
• Construction guarantees - performance/retention/advance payment (R 30 million)

Construction and engineering head: Nick Swart

Nick Swart, head of Construction and Engineering at Etana, refers to himself as a “specialist generalist”. He’s worked as a contractor, project manager, property developer, facilities manager and number cruncher. Everyone knows him as a devoted family man, cyclist, fisherman and perfectionist.

People in Risk

Marcel Wood

Marcel Wood heads Etana’s risk management division. Before starting in insurance he worked for the fire department, rescuing people and (literally) putting out fires. He’s passed through Munich Re and Santam, and has designed the only risk management tool aimed specifically at the insurance industry – ARQ. Marcel is a mean guitarist, a brilliant vocalist and an accomplished soccer player with the personal motto: “Do your best all the time”.