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Engineering Insurance protects your equipment and projects while they’re being built, installed, or operated — giving you confidence at every stage of the job.
? CONSTRUCTION ALL RISK INSURANCE
This product offers peace of mind during construction by protecting works in progress from unexpected damage, accidents, and common construction risks. It also includes cover for third-party injury or property damage, helping projects move forward with confidence.
Two-Part Coverage Structure
Section I – Material Damage: Covers physical loss or damage to the insured contract works, materials, and equipment.
Section II – Third-Party Liability: Covers financial liabilities for:
- Accidental injury or illness to third parties (including fatal injuries)
- Accidental property damage belonging to third parties
Basic Requirements for Coverage
- Nature of the contract
- Location of the project
- Name and experience level of the contractor
Benefits
- Comprehensive protection against a wide variety of construction-related risks
- Safeguards project owners and contractors from costly repairs or replacement of damaged works
- Provides financial protection against third-party claims, helping to avoid legal and compensation burdens
- Ensures continuity of construction activities with minimal financial disruption
- Promotes confidence and security throughout the project lifecycle
Suitability
- Ideal for contractors, builders, and project owners handling civil engineering or construction works
- Suitable for organizations seeking to mitigate risks associated with construction projects
- Recommended for contractors who want to demonstrate professionalism, responsibility, and financial preparedness
? ERECTION ALL RISK INSURANCE
Erection All Risks Insurance covers machinery, plant, and steel structures during installation, commissioning, and testing. It protects against physical loss or damage and includes liability cover for third-party injury or property damage. The policy applies to contractors and related parties involved in projects such as power plants, manufacturing facilities, and telecommunications installations.
Key Features
- Protection against loss or damage during erection, installation, commissioning, and testing
- Covers physical damage to contract works, equipment, and machinery
- Includes third-party liability for bodily injury or property damage (PD)
- Covers general contractors, subcontractors, and sometimes equipment suppliers or manufacturers
- Suitable for technical and industrial installation projects including power plants, manufacturing sites, water treatment facilities, and telecom centres
Benefits
- Comprehensive financial protection throughout installation and testing phases
- Minimizes project delays and unexpected repair or replacement costs
- Provides essential liability coverage for third-party injury or property damage
- Supports uninterrupted project progress from start to commissioning
- Enhances risk management for all participating contractors
Suitability
- Ideal for contractors, subcontractors, and project owners involved in machinery or steel structure installation
- Suitable for industrial, engineering, and infrastructure projects requiring commissioning and testing
- Recommended for organizations seeking full protection during complex technical installations
Basic Requirements
- Nature of the contract
- Project location
- Name and experience of the contractor
? PLANT ALL RISK INSURANCE
This provides comprehensive protection for plant and machinery—such as bulldozers, tractors, scrapers, cranes, graders, loaders, crushers, compressors, and pumps—against sudden and unforeseen physical loss or damage. Coverage applies whether the machinery is in operation, at rest, or undergoing maintenance, subject to specified exclusions. The policy safeguards insured equipment from unexpected events including fire, lightning, explosion, theft, malicious damage, and accidental damage arising during dismantling, reassembling, or movement from one site to another. Please note that machinery breakdown is excluded from this cover.
Key Features
- Protection against sudden and unforeseen physical loss or damage
- Coverage while machines are at work, idle, or under maintenance
- Protection from fire, lightning, explosion, theft, and malicious damage
- Cover for accidental damage during dismantling, movement, or reassembly
- Applicable to a wide range of heavy-duty and industrial equipment
Benefits
- Reduces financial exposure to unexpected equipment damage
- Supports uninterrupted project execution by minimizing downtime
- Provides broad protection for essential plant and machinery assets
- Enhances operational stability and asset management
Suitability
- Construction, mining, and engineering firms
- Contractors using heavy-duty machinery
- Businesses with movable or site-to-site equipment
- Organizations requiring comprehensive non-breakdown protection for plant assets
Requirements
- Make and serial number of the machine
- Usage and application of the machine
- Year of manufacture
? MACHINERY BREAKDOWN INSURANCE
The Machinery Breakdown Policy is tailored for businesses that own or operate plant machinery and mechanical equipment. It provides financial protection against sudden and accidental damage arising from internal causes such as electrical faults, mechanical failures, or structural defects.
The policy responds to losses triggered by events like power surges, electrical short circuits, excessive speed, lack of lubrication, or loosening of internal parts. Coverage applies whether the machine is in operation, at rest, dismantled, moved, or reassembled for cleaning, inspection, or repair.
Key Features
- Covers internal mechanical and electrical breakdown
- Protection from short circuits, power surges, structural defects, and component failure
- Applies when the machine is working, idle, dismantled, moved, or undergoing repairs
- Designed for a wide range of industrial and mechanical equipment
Benefits
- Minimizes financial loss arising from sudden equipment breakdown
- Ensures continuity of operations by reducing repair or replacement costs
- Provides peace of mind for businesses dependent on mechanical systems
- Complements the Plant All Risk Policy by covering internal causes of damage
Suitability
- Manufacturing plants and factories
- Construction and engineering firms
- Organizations relying heavily on mechanical or electrical equipment
- Businesses requiring internal breakdown protection separate from external risks
? BOILER & PRESSURE VESSEL INSURANCE
Covers damage to boilers and pressure vessels resulting from explosion, collapse, or mechanical failure, including third-party property damage and bodily injury arising from such incidents.
? COMPUTER & ELECTRONICS INSURANCE
The Computer and Electronics All Risks Insurance Policy provides comprehensive protection for computers and electronic equipment against sudden and unforeseen loss or damage. This includes incidents caused by fire, lightning, explosion, burglary, theft, and water damage. The policy is divided into two major components: Material Damage and Consequential Loss.
Material Damage Section
- Provides “all risks” cover for sudden and unforeseen physical loss or damage
- Protects against both external and internal causes
- Covers a wide range of electronic equipment, including computers, servers, and related devices
Consequential Loss Section
Coverage for financial losses resulting from insured damage to equipment, including:
- Loss of revenue or additional operating expenses, such as the cost of using alternative computer facilities
- Costs associated with restoring or recompiling essential data
Benefits
- Ensures the continuity of business operations even after equipment damage
- Minimizes revenue loss through timely financial support
- Protects valuable electronic assets against a broad range of risks
- Reduces the burden of unexpected repair or replacement costs
- Supports quick recovery through data restoration and alternative system access
Suitability
- Organizations heavily dependent on computers and electronic devices
- Companies that manage significant volumes of digital data
- Businesses requiring uninterrupted operations and rapid recovery after system failure
- Offices, financial institutions, tech firms, and service-based organizations
