making damage calculable

Technical development is getting ever faster. The construction and development of large plants and machinery is becoming increasingly complex as are the processes involved in individual production units. This results in a previously unknown technical variety for companies in virtually every industry, with an increasingly higher concentration of value.

As a rule, mechanical and electronic facilities run like clockwork. But if, in spite of every precaution, machinery or, for example, computer systems components are damaged or even destroyed, there needs to be insurance in place to protect against property and consequential damages.

Technical insurance policies provide comprehensive protection. All types of insurance coverage are combined under one policy to protect against property damage that occurs during systems installation, the construction of buildings or the operation of existing technical installations. It is also possible to insure against loss of income and incidental costs resulting from damage of this kind.

Most technical insurance policies offer all-risks coverage; i.e. threats such as fire and storms are not insured against individually but the effects of all known and unknown hazards are insured, limited only by a few exceptions. At the GGW Group, experienced advisors will take over the evaluation of risks and develop insurance solutions tailored to your company.