ENGINEERING INSURANCE

The policy covers Financial loss incurred by the insured due to loss or damage to machinery due to sudden accidental electrical and mechanical breakdown. In addition, it reimburses the insured for the cost of repairs or replacement of machinery of like nature.  

• MACHINERY BREAKDOWN INSURANCE(Accidental, electrical and mechanical breakdown)
• CONTRACTORS PLANT AND MACHINERY INSURANCE
•  CONTRACTORS ALL RISK(flood, cyclone, fire, workmanship, collapse, Theft, Burglary)
•  ELECTRONIC EQUIPMENT INSURANCE(earthquake, explosion, machinery breakdown short circuit & voltage fluctuation, Theft, Riot, Strike&allied perils, natural calamity)

Contractors All Risk (CAR) policy is designed to protect the interests of contractors and principals in respect of civil engineering projects, like buildings, bridges, tunnels, etc.

The policy provides an "All Risk" cover. Therefore, every risk is covered, which is not explicitly excluded. This means that almost any sudden and unforeseen loss or damage occurring during the period of insurance to the property insured on the construction site is indemnified. The more significant causes of losses indemnifiable under CAR Insurance are :  

• Fire, lightning, explosion.
• Flood Damage.
• Windstorm of any kind. 
• Earthquake, Landslide, Subsidthird, etc.
• Theft & Burglary.
• Accidental damage, bad workmanship, lack of skill, negligence, malicious acts, or human error.
• Collapse, impact, etc.

The policy can be extended to cover third party liability and other exposures as a result of the execution of the project.