Engineering Insurance

Protect Engineering Projects & Heavy Machinery

Engineering Insurance provides financial protection against unexpected damages, machinery breakdowns, site accidents, and project-related risks during construction and industrial operations.

Introduction Section

Reliable Protection For Engineering Projects

Engineering Insurance is a specialized insurance policy that protects construction projects, engineering works, machinery, and industrial equipment against accidental loss or damage.

It helps contractors, builders, manufacturers, project owners, and industrial businesses reduce financial losses arising from machinery breakdowns, construction accidents, natural calamities, fire, and operational failures.

Engineering policies provide protection during construction, installation, erection, testing, commissioning, and operational stages of engineering projects.

These policies are widely used in factories, infrastructure projects, power plants, construction sites, manufacturing industries, and heavy engineering sectors.

Project Protection Coverage for engineering projects and construction works.
Machinery Security Financial protection against machinery and equipment breakdowns.
Business Continuity Reduce operational losses caused by accidents and damages.
Types of Engineering Insurance

Choose The Right Engineering Policy

Different engineering insurance policies are available based on project type, machinery usage, and industrial operations.

CAR Insurance
Construction Projects

Contractors All Risk (CAR) Insurance

Provides protection for construction projects against accidental damage, natural calamities, and third-party liabilities.

EAR Insurance
Installation Projects

Erection All Risk (EAR) Insurance

Covers erection, installation, testing, and commissioning risks for machinery and industrial projects.

Machinery Breakdown
Industrial Machinery

Machinery Breakdown Insurance

Protects machinery and equipment against sudden accidental or electrical/mechanical breakdowns.

Boiler Insurance
Boiler Protection

Boiler & Pressure Plant Insurance

Covers damages to boilers, pressure vessels, and surrounding property caused by explosion or collapse.

CPM Insurance
Construction Equipment

Contractors Plant & Machinery (CPM)

Protects heavy construction machinery and mobile equipment against accidental damage and operational risks.

Who Needs Engineering Insurance

Businesses That Need Engineering Insurance

Engineering Insurance is suitable for businesses involved in construction, industrial operations, heavy machinery usage, and infrastructure projects.

Construction Companies

Construction & Infrastructure Companies

  • Builders & contractors
  • Infrastructure developers
  • Bridge & road projects
  • Real estate developers
Project Safety
Industrial Businesses

Industrial & Manufacturing Businesses

  • Factories & plants
  • Manufacturing units
  • Heavy engineering industries
  • Power & energy projects
Machinery Cover
Documents Required

Documents Needed For Engineering Insurance

Keep these documents ready for smooth policy issuance and claim processing.

01
Project Documents

Project & Machinery Details

02
Business Registration

Business Registration Documents

03
Asset Details

Equipment & Asset Valuation

04
ID Proof

Valid ID Proof

PAN Card Aadhaar Card
What's Covered

Engineering Risk Coverage

  • Damage to construction works
  • Machinery breakdown and operational failures
  • Equipment and plant damage
  • Fire and explosion risks
  • Flood, storm, and natural calamities
  • Collapse and accidental structural damage
  • Third-party liability claims
  • Transit and installation risks
  • Electrical and mechanical breakdowns
  • Testing and commissioning damages
What's Not Covered

Common Exclusions

  • Normal wear and tear
  • Intentional negligence or misconduct
  • War and nuclear risks
  • Gradual deterioration of machinery
  • Pre-existing damages
  • Losses excluded under policy terms
Additional Protection

Add-On Covers For Better Project Security

Third-Party Liability Cover

Protection against third-party injury or property damage claims.

Debris Removal Cover

Covers expenses for clearing debris after an insured accident.

Escalation Cost Cover

Additional protection against increased project costs during execution.

Surrounding Property Cover

Protection for nearby properties affected during engineering operations.

Maintenance Period Cover

Coverage for damages occurring during the maintenance period after project completion.

Express Freight Cover

Additional protection for urgent transportation of replacement machinery parts.

Claim Process

How To File An Engineering Insurance Claim

A quick and transparent claim process helps businesses recover project and machinery losses efficiently.

1

Inform Claim

Notify the insurer immediately after the accident or machinery damage.

2

Site Inspection

Surveyor visits the site to inspect damages and assess losses.

3

Submit Documents

Provide claim forms, invoices, project details, and damage reports.

4

Assessment

The insurer evaluates the extent of damage and policy coverage.

5

Settlement

Approved claim amount is processed as per policy conditions.

Why Choose Times Care
Why Choose Times Care

Trusted Support For Engineering & Industrial Risks

✔ Expert engineering risk guidance

✔ Customized policy solutions

✔ Affordable premium options

✔ Fast claim assistance

✔ Dedicated customer support

Have Any Questions?

Get answers to common questions related to Engineering Insurance, machinery breakdown, construction project protection, and industrial risk coverage.

Contact us
Who should take Engineering Insurance?

Contractors, builders, manufacturers, industrial businesses, and companies handling engineering projects should consider Engineering Insurance.

What does Machinery Breakdown Insurance cover?

It covers sudden and accidental electrical or mechanical breakdowns of insured machinery and equipment.

Is natural calamity damage covered under Engineering Insurance?

Yes. Policies generally cover risks like flood, storm, fire, and other specified natural disasters.

Can heavy construction machinery be insured?

Yes. Contractors Plant & Machinery (CPM) Insurance provides coverage for heavy construction equipment and machinery.

Protect Your Engineering Projects & Machinery Against Unexpected Risks

Speak with Times Care to compare Engineering Insurance policies and secure your projects, equipment, and industrial operations.