Engineering
Protect Your Projects and Machinery with Engineering Insurance
Engineering Insurance is designed to protect your business against financial losses arising from unexpected accidents, breakdowns, or damages related to engineering projects, machinery, and construction activities. Whether you are in construction, manufacturing, or heavy engineering, this coverage safeguards your assets and ensures continuity in your operations.
Contractor’s All Risk (CAR):
Construction projects face multiple risks every day — from accidental damage on-site to losses due to fire, theft, or natural calamities. The Contractor’s All Risk policy provides all-around protection for civil engineering projects, covering physical loss or damage to structures, construction materials, machinery, and even temporary works. Whether the damage occurs during foundation laying, structure erection, or finishing, you’re protected from unexpected costs that could delay or derail your project.
Erection All Risk (EAR):
When installing or assembling heavy machinery, even a small mistake can cause significant loss or damage. The Erection All Risk policy safeguards against accidental damage or loss during the installation, assembly, testing, or trial runs of machinery and equipment. This coverage ensures your project remains financially secure from start to finish, even in the case of lifting accidents, short circuits, or testing failures.
Machinery Breakdown:
Machinery is the backbone of every manufacturing and industrial setup. A sudden breakdown can halt production, cause revenue loss, and require costly repairs. This policy provides comprehensive coverage for accidental, electrical, or mechanical breakdowns of installed machinery. It covers repair or replacement costs, minimizing downtime and ensuring your operations continue without major financial strain.
Electronic Equipment Insurance:
In today’s technology-driven world, electronic systems are crucial to smooth operations. This coverage protects electronic equipment such as computers, servers, medical devices, and laboratory instruments against damage caused by fire, theft, power surges, or operational failures. It also covers data loss and increased operational costs caused by system downtime — keeping your business running efficiently.
Boiler and Pressure Vessel Insurance:
Boilers and pressure vessels operate under extreme conditions — a single malfunction can lead to explosion, leakage, or catastrophic damage. This insurance protects against such risks, covering repair or replacement costs, property damage, and even injury-related liabilities. It’s vital for factories, refineries, and plants that rely on pressurized equipment to maintain safety and compliance.
Third-Party Liability:
Engineering projects often involve multiple parties — contractors, subcontractors, and workers. If an accident occurs that injures others or damages property, your business could face expensive legal claims. This coverage protects you against legal liabilities and compensation costs arising from third-party injuries, property damage, or accidental losses during construction or operation.
Why Choose Engineering Insurance?
- Comprehensive Protection: Covers a wide range of engineering risks, from construction projects to machinery operations.
- Minimized Financial Loss: Helps you recover quickly from unexpected damages or breakdowns, reducing downtime and revenue loss.
- Expert Guidance: Our experienced brokers help you select the right coverage tailored to your projects and equipment.
- Peace of Mind: Focus on your work knowing that your assets, projects, and operations are fully protected.
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Frequently Asked questions
It covers risks related to construction, machinery breakdown, plant damage, and various engineering projects — protecting against sudden and accidental losses.
Contractors, builders, manufacturers, and engineering firms benefit most from this coverage, as it protects valuable equipment and ongoing projects.
It includes protection against fire, theft, explosion, machinery breakdown, electrical failure, collapse during construction, and accidental damage during project execution.
Common types include:
Contractors’ All Risk (CAR) Insurance
Erection All Risk (EAR) Insurance
Machinery Breakdown Insurance
Boiler and Pressure Plant Insurance
Electronic Equipment Insurance
Exclusions usually include wear and tear, intentional damage, design defects, war, or nuclear risks — unless specifically included in the policy.
Simply contact our team or fill out the Get a Quote form. We’ll assess your project needs and recommend the best protection plan for you.
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