Engineering Insurance

Insurance

Engineering Insurance

The rapid industrialization of our country has led to increasing use of machines in industry. Though use of machinery results in increased production capacities, in the event of accident and breakdowns, they can be potential sources of financial loss and could even result in the closure of business. In spite of proper care and maintenance of machinery, mishap may yet occur. Sometimes the extent of damage may be quite high and may also lead to fatal or non‐fatal injuries to human beings nearby. The remedy for such losses is offered by Engineering Insurance policies.

Hope for the best, Prepare for the Worst

Main Features

Contract Works Insurance

Erection All Risks (EAR) Insurance

Third-Party Liability

Professional Indemnity Insurance

Machinery Breakdown Insurance

Delay in Start-Up (DSU) Insurance

Policies
Project policies:
A) Erection all risk(EAR)
Erection all risk policy protects the huge investment of Principal/ Contractors in these projects by paying for such kind of loss during erection or testing.

B) Contractor all risk(CAR): 
Contractor all risk policy protects indemnifies the Principal/ Contractors against the losses incurred during the construction period which can damage the construction material, machinery or constructed portion

Annual Policies:
1. Electronic Equipment Insurance.
2. Machinery Breakdown Insurance.
3. Machinery Loss of Profit Insurance.
4. Contractor Plant and Machinery Insurance
5. Boiler and Pressure Plants Insurance