Types of Engineering Insurance
- Contractor's All Risk (CAR) Insurance: All-in-one protection for buildings under construction—materials, machinery, and third-party risks.
- Covers physical damage to project works, construction equipment, and third-party liability.
- Erection All Risk (EAR) Insurance: Full protection for machinery installation projects from delivery to commissioning.
- Covers material damage during installation and testing, as well as third-party liability.
- Contractor’s Plant and Machinery (CPM) Insurance: Insures high-value machinery against breakdowns, theft, and accidents.
- Covers construction machinery like cranes and bulldozers.
- Protection against accidental damage, fire, theft, collision, and natural disasters.
- Machinery Breakdown Insurance: Covers sudden and unforeseen breakdown of installed machinery in operational industries.
- Boiler and Pressure Plant Insurance: Covers explosion or collapse of boilers and pressure vessels, including damage to surrounding property and injury to third parties.
- Electronic Equipment Insurance: Covers accidental loss or damage to computers, servers, and other electronic gadgets, including data loss and restoration costs.
Who Needs Engineering Insurance?
- Civil Contractors
- EPC Companies (Engineering, Procurement & Construction)
- Manufacturing Units
- Infrastructure Developers
- Heavy Equipment Operators
- Electrical & Mechanical Contractors
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