Engineering Projects

With every project you touch as an engineer, you play a critical role in ensuring the safety & functionality of the end result.
No engineering project is without its risks: a single mistake or accident can cause costly delay, safety concerns or financial loss for you & your client. Before a project is complete, it's touched by many people in many disciplines & mistakes can be made at any point in a project's timeline.
But as the engineer, there's a good chance you will be drawn into many disputes related to your projects. Protect your engineering business from loss & lawsuits with commercial insurance from Business Insurance.
engineering
Engineering
We make buying business insurance easy :
  • Contractors All Risks Policy
  • Contractors Plant & Machinery Insurance
  • Erection All Risks
  • Property Insurance
  • General Liability Insurance
 Erection Coverage
The erection "All Risks Policy" is a comprehensive insurance, which provides complete protection against all types of risks associated with erection, testing, commissioning of machinery, plant & equipment during constructional stage.
Erection All Risks insurance embraces a wide variety of plant & machinery at all levels of complexity, ranging from the relativity straight forward positioning & connecting up of single manufactured items of equipment such as small pumps of electric motors to complete major industrial complex such as a large power station or manufacturing facility.
erection
duration scope
Duration
The cover starts from the time of arrival of first consignment at site, normal storage & thereafter during erection, testing, commissioning until the plant is successfully commissioned & handed over.
Scope
Insurance is on an All-Risk Basis & in particular includes:
  • Fire, lighting, explosion, aircraft damage.
  • Riot, strike, malicious acts.
  • Flood, inundation, storm, cyclone & allied perils.
  • Landslide, subsidence & rockslide.
  • Burglary & theft.
  • Faults in erection.
  • Human errors, negligence.
  • Short circuiting, arcing, excess voltage.
  • Electrical & mechanical breakdown.
  • Collapse, damage due to foreign objects, impact damages.
  • Any other sudden, unforeseen accidental damages not explicitly excluded.

Other extended coverage can be included.