CORPORATE INSURANCE
ENGINEERING INSURANCE

RISKS associated with the execution of Construction or Engineering Projects are varied. We have Core Specialists in Engineering Insurance who scrutinize every Individual Project for unique sets of risk pattern that affects your Execution Plan. Our vast collective experience in this specialist discipline is at your service and our experts ensure that all your RISKS are safely insured with us.

OUR ENGINEERING INSURANCE PRODUCTS INCLUDE :

1. CONTRACTORS ALL RISKS INSURANCE

Contractors All Risks Insurance is specially designed to insure Civil Works where major portion of work does not relate to erection or installation of any plant or machinery. This insurance offers cover under two sections. Section One covers any sudden and unforeseen physical loss or damage to the Contract Works and Section Two covers your Legal Liabilities resulting from any Third Party Bodily Injury or Third Party Property Damage caused by an accident at the Contract Site. Cover can be extended to include Construction Plant and Equipment, Temporary Buildings, Maintenance Period, Offsite Storage, Inland Transportation related to the Project, etc…

To provide you with our QUOTATION for standard Civil Works, we normally require the following basic information –

1. Name of the Principal
2. Contract Value (an estimate would be sufficient, if tendering)
3. Period of Contract
4. Scope of Works
5. Site of Construction
6. Limit of Indemnity required under Third Party Liability cover
7. For large projects (normally over USD 20 million) detailed Execution Plan, Site Report, Plans & Drawings, etc… will be required along with the above information.

2. ERECTION ALL RISKS INSURANCE

Erection All Risks Insurance offers cover similar to Contractors All Risks Insurance with the exception that this Cover is specially designed to insure Engineering Works where major portion of the work relates to erection or installation of any plant or machinery. The Policy offers cover under two sections similar to a Contractors All Risk Insurance with an additional inbuilt cover of 4 weeks testing period under Section One of Erection All Risks Insurance.

To provide you with our QUOTATION for standard Engineering Works, we normally require the following basic information

Name of the Principal

1. Contract Value (an estimate would be sufficient, if tendering)
2. Period of Contract
3. Scope of Works
4. Site of Construction
5. Limit of Indemnity required under Third Party Liability cover

For large projects (normally over USD 20 million) detailed Execution Plan, Site Report, Plans & Drawings, etc… will be required along with the above information.

3. PLANT ALL RISKS INSURANCE

Plant All Risks Insurance is specially designed to cover your Machineries, Plants, Cranes, Equipment’s etc... This insurance is ideally suited for Contractors who use their Construction Plants and Equipments on-site at their Client’s Premises. This Policy offers cover against any unforeseen and sudden physical loss or damage and certain mandatory exclusions as listed in the Link below are applicable – EXCLUSION LISTING

To provide you with our QUOTATION, please send us a detailed list of your Plant & Equipment with Value details. Please note that this insurance requires your Plant & Equipment’s to be valued at NEW REPLACEMENT VALUE to avoid Under Insurance.

4. MACHINERY BREAKDOWN INSURANCE

If you had browsed through our earlier section, you would have come across insurance for Machineries Plant All Risks Insurance. While Plant All Risks Insurance covers any sudden, physical accidental damage to your Machineries, the Policy excludes loss due to Mechanical or Electrical Breakdown. A Machinery Breakdown Policy assists in closing the gap and offers cover for Mechanical and Electrical Breakdown subject to certain mandatory exclusions. For a complete insurance package for your Plant, Machinery and similar Equipments, it is recommended to insure them under both Plant All Risks and Machinery Breakdown Insurance.

To provide you with our QUOTATION for Machinery Breakdown Insurance, we normally require detailed specifications of the Machinery with Value, Model and Make details.

5. ELECTRONIC EQUIPMENT BREAKDOWN INSURANCE

Electronic Equipment Breakdown Insurance, as the name suggests is specifically designed for Electronic Equipments and offers cover similar to the Machinery Breakdown Insurance. However, this insurance has two additional sections offering cover for External Data Media under Section 2 (includes cover for expenses related to re-construction of information on data media following a loss covered under Section 1) and cover for Increased Cost of Working under Section 3 (additional expenditure for use of substitute equipment following a loss covered under Section 1). For a complete insurance package for your Electronic Equipments, it is recommended to insure them under both Property All Risks and Electronic Equipment Breakdown Insurance.

To provide you with our QUOTATION, we normally require detailed list with specifications of Equipments, Value, Model and Make details along with information on External Data Media and Limit of Indemnity required with respect to cover for reconstruction of data and for cover under Section 3.