Hyderabad, Telangana, India
info@insuregpt.in

Engineering Insurance

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Engineering Insurance

Large-scale projects and industrial operations involve complex machinery and high-stakes engineering risks. Engineering Insurance provides a specialized financial shield for contractors, plant owners, and project managers. From the first brick laid at a construction site to the daily operation of sophisticated industrial plants, our coverage ensures that technical failures or accidental damages don’t stall your progress or drain your capital.

Protect your infrastructure and industrial assets with precision-engineered insurance solutions.

Engineering projects are vulnerable to unique hazards, including structural collapses, machinery breakdowns, and testing failures. Our comprehensive policies are designed to cover the entire lifecycle of a project. Whether you are building a skyscraper, installing a new production line, or managing a power plant, we provide the security you need to manage complex risks, protecting your equipment, your work-in-progress, and your liability toward third parties.

Insurance benefits

Get extensive coverage for physical damage to project works, specialized construction machinery, and industrial equipment during transit or operation.

Perfect solution

Tailor-made policies for contractors and engineers, providing end-to-end protection from the pre-construction phase through to the maintenance period.

Our benefits

We offer specialized protection to keep your engineering and construction projects on track:
Contractors' All Risks (CAR)
Machinery Breakdown (MBD)
Electronic Equipment Insurance
Advanced Loss of Profits (ALOP)

What is the 'Maintenance Period' cover?

This extension covers damages that might occur while the contractor is on-site fulfilling their maintenance obligations after the project is physically completed.

Does this policy cover damage to hired or leased machinery?

Yes, you can include "Contractors' Plant and Machinery" (CPM) cover, which protects both owned and hired equipment used at the project site.

Are design errors covered under Engineering Insurance?

Standard policies usually exclude the cost of correcting a faulty design, but they may cover the consequential damage caused by that error to other parts of the project.