Civil Engineering Completed Risks (CECR) Insurance

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

Copyright © 2010 Mirabilis the Leading Engineering Underwriter. Mirabilis is an authorised financial services provider FSP 28190.

BEE Rating

The RMB Structured Insurance Group is majority owned by RMB Holdings. The Group's BEE shareholder is New Seasons Financial Services (Proprietary) Limited. New Seasons Financial Services (Proprietary) Limited holds a direct 15% investment in RMB-SI Investments (Proprietary) Limited.