Construction All Risks (CAR)
This insurance covers risks associated with the construction of buildings, infrastructure projects, and engineering works. It protects against events such as fire, natural disasters, theft, vandalism, and accidental damage.
Erection All Risks (EAR)
This insurance provides coverage for risks during the installation and commissioning of machinery, plant equipment, and other engineering structures. It safeguards against damages that may occur during the assembly, testing, and startup phases.
Contractors' Plant and Machinery (CPM)
CPM insurance protects the plant and machinery used in construction projects against various perils, including theft, accidental damage, breakdown, and operator error.
Machinery Breakdown Insurance
This insurance covers the cost of repairs or replacement of machinery and equipment in case of sudden and unforeseen breakdowns due to internal defects, electrical or mechanical failures, or operator errors.
Loss of Profits (LOP)
This insurance provides coverage for financial losses incurred due to project delays caused by factors beyond the control of the insured, such as construction delays, equipment failures, or labor disputes.
Professional Indemnity
This insurance is crucial for engineering firms and professionals. It offers protection against claims arising from negligence, errors, or omissions in the design, advice, or supervision of engineering projects.
Third Party Liability
This insurance covers damages and legal liabilities arising from third-party claims for bodily injury or property damage caused by the insured's engineering activities.