Engineering / Projects Insurance

Engineering insurance refers to the insurance that provides economic safeguard to the clients against losses caused by the risks faced by the ongoing construction project, installation project, and machines and equipment in project operation. This insurance can also cover losses during transit to the machinery and materials transported to construction sites.

The rapid industrialization of our country has led to increasing use of machines in industry. Though use of machinery results in increased production capacities, due to unexpected events of accident and breakdowns, they can be potential sources of financial loss and business interruptions or even business closure.

To provide an organisation a financial shield in case of damage to works in the project, they may apply for any of the following policy types (based on project specific needs)

• Construction All Risks Insurance (CAR)

• Erection All Risk Insurance (EAR)

• Marine Cum Erection

To provide an organisation the financial shield in case of damage to the plant and machinery, they may apply for:

• Machinery Break Down Insurance

• Contractor's Plant and Machinery Insurance

• Electronic Equipments Insurance

• Boiler and Pressure Plant Insurance