Engineering Insurance

You are here: / Our Products / Engineering Insurance

INTERESTED IN OUR PRODUCT

Your Name *

Select City *

Your Email *

Mobile No. *

Quote Type *
 Retail Corporate

Select Product *

Your Message

captcha

engineering-insurance

Contractors All Risk (CAR)

The contractor all risks policy is specially designed to cover loss or damage to predominantly civil engineering construction projects ranging from small villas to construction of bridges and high rise. This is an “All Risk” policy covering various activities of construction; It also includes cover for damage to property of third parties and bodily injury or death to third parties, in connection with the projects. (except specific exclusions as mentioned in the policy)

Erection All Risk (EAR)

This is an "All Risk" policy covering various activities of erection/installation, testing and commissioning of plant and equipment. It protects a contractor or employer against physical loss or damage to the contract works, construction plant and equipment or machinery. It also includes cover for damage to property of third parties and bodily Injury or death to third parties, in connection with the projects. (except specific exclusions as mentioned in the policy)

Contractors Plant & Machinery Insurance (CPM)

Contractors Plant & Machinery (CPM) insurance covers all physical damage done to a contractor’s machinery that is not specifically excluded from the policy. This includes accidents not due to gross negligence and acts of God, such as falling trees or storm damage. The payments cover the cost to repair or replace the affected machinery, which is covered at work or rest, while on any job site owned by a third party and even when dismantled or reassembled for maintenance.

This is an 'All Risk' policy covering sudden and unforeseen physical damage to machinery insured by any cause or peril not specifically excluded under the policy.

Machinery Breakdown Insurance/Loss of profit following Machinery breakdown (MBD)/(MLOP)

This policy provides coverage for mechanical breakdown of machinery used in industries, but excludes all perils covered separately under Fire and Allied Perils Insurance.

Loss of profit following Machinery breakdown/(MLOP)

Usually the worst thing about machinery breakdown is not the loss of the machine itself, but the loss an enterprise will suffer as a consequence from such an event: revenues vaporize, whereas fix costs such as salaries, wages or rental fees keep on running, without sufficient resources already a short interruption of only a few days can ruin an organization and destroy efforts of months or even years.

This policy will compensate for the loss of profit incurred by a firm/establishment following the breakdown of machinery insured under the machinery breakdown policy. It is a requirement that the insured have a Machinery breakdown policy in force. In addition, for a loss of profits claim to be admissible, the material damage claim must also have been valid.

Deterioration Of Stock Following MBD Insurance

This policy provides coverage for the loss or damage of stock resulting from progressive deterioration due to equipment failure and defect as defined in the insurance policy, provided that the proximate cause i.e. machinery malfunction or damage is covered under the MBD policy.

Electronic Equipment Insurance(EEI)

This policy provides coverage for all electronic devices and equipment including computers, data processing systems, communication and electronic devices, against all risks unless some risks are expressly excluded under the policy.

Electronic Equipment Insurance(EEI)

This policy covers Sudden and Unforeseen Loss or Damage occurring to Electronic Equipment whatever its type like Electronic Data Processing, Equipment for Research , Electro-Medical Equipment , Communication Facilities, Mobile and Portable Equipment, etcdue to the following causes:

  1. Negligence, improper handling, wilful acts of third parties;
  2. Short circuit, over voltage, induction;
  3. Fire, lightning, explosion or implosion, extinguishing procedures, demolishing, removal or loss in connection with such events;
  4. Water, moisture, inundation;
  5. Burglary, theft, robbery, plundering and sabotage;
  6. Acts of God;
  7. Faulty construction, error in design, defects in material, bad workmanship;

This insurance applies whilst the Insured Items are located at the Insured's premises, It also covers any unexpected financial loss resulted from electronics including External Data Media and Increased of Costs of Working.

Industrial All Risk Insurance(IAR)

This policy provides coverage to large industrial risks against accidental loss or damage to property and against loss for consequential business interruption due to any case, except those caused by risks expressly excluded under the policy.

Application Forms - Engineering Insurance

Contractors All Risk (CAR) / Erection All Risk (EAR) - Download Application Form

Contractors Plant & Machinery Insurance (CPM) - Download Application Form

Machinery Breakdown Insurance (MBD) - Download Application Form

Loss Of Profit (LOP) Following MBD - Download Application Form

Deterioration Of Stock Following MBD Insurance - Download Application Form

Electronic Equipment Insurance (EEI) - Download Application Form

Industrial All Risk Insurance (IAR) - Download Application Form

Machinery All Risk Insurance (MAR) - Download Application Form