Engineering Insurance
Engineering insurance refers to the insurance that provides economic safeguard to the risks faced by the ongoing construction project, installation project, and machines and equipment in project operation. Insurance Period: the same as the construction period of the project.
Contractors All Risk (CAR) insurance
- This is an ‘All Risk’ policy covering sudden and unforeseen physical damage to contract works under construction insured by any cause or peril not specifically excluded under the policy
Erection All Risks (EAR) insurance
- This is an ‘All Risk’ policy covering sudden and unforeseen physical damage to projects under erection insured by any cause or peril not specifically excluded under the policy and resulting during the course of Erection, Storage, Testing, and Commissioning
Machinery Breakdown insurance
- This policy covers the unforeseen and sudden accidental physical damage to insured machinery, plant and equipment while at work / rest and whilst being dismantled or removed or re-erected, within the same premises. It also covers loss or damage due to faulty operation, adjustment, casting, vibration, entry of foreign objects, loosening of parts, self-heating, and centrifugal force