Engineering insurance

Overview:

By securing your equipment and operations, engineering insurance helps you avoid costly setbacks, enabling you to focus on completing your projects successfully. Insure your assets with our comprehensive coverage tailored to protect businesses involved in construction, manufacturing, and infrastructure development.

What is covered?

1. Fire

2. Explosion

3. Riot & Strike

4. Burglary, House Breaking, Theft

5. Accidental Damage by collision, over-turning, fall from height, etc.

6. Sudden and unforeseen physical damage to projects under erection

For the complete list of coverages, please refer to our policy wordings.

Exclusions:

1. Wear and tear, corrosion, rust, deterioration

2. Loss or damage to plant and/or machinery working underground

3. Wilful Negligence

4. Nuclear Activity/Materials

5. Loss or damage whilst in transit, from one location to another location

6. War and Nuclear group of perils

7. Aesthetic Defects, scratching of painted or polished surface, breakage of glass

8. Damage to files, drawings, accounts, bills and currency

9. Consequential Losses

For the complete list of exclusions, please refer to our policy wordings.

Important factors to consider while purchasing Engineering Insurance:

-          Assess the unique risks associated with your engineering project and ensure the policy covers them.

-          Carefully review what is covered and excluded in the policy.

-          Adequacy of sum insured to cover the total value of the project