Engineering Insurance

This insurance provides different coverage options like Contractors all risks, Erection All Risks, Machinery Breakdown, Contractor’s plant and machinery equipment, and Computer and Electronic Equipment All Risks.

Contractors all risks

This insurance covers construction activities in terms of infrastructure such as building properties, roads, power generating dams, bridges, water emptying system and cleaning up, water towers, etc. This type of Insurance offers cover against: “Loss or Damage, including liability arising there from, to contract works and material, including the construction equipment and machinery.”

Erection All Risks

This insurance covers the risk of loss arising out of the erection and installation of machinery, plant and steel structures, including physical damage to the contract works, equipment and machinery, and liability for third-party bodily injury (BI) or property damage (PD) arising out of these operations.

Machinery Breakdown

This insurance covers the insured for any unforeseen physical loss or damage to machinery declared by cause not specifically excluded which necessitates repair or replacement when the machine is working, at rest, being dismantled, reinstated, or reassembled for cleaning, maintenance, overhaul, inspection, adjustment, relocation, movement or repair.

Contractor’s plant and machinery equipment

This Insurance covers against material damage and third-party liability on the site. The covered plants and machines are insured regardless of the insurance conditions of the working site itself.

Computer and Electronic Equipment All Risks

This insurance is intended to cover electrical and electronic equipment fire, electrical damage, short circuits, theft, material damage, water damage, earthquake, volcanic eruptions.