Comprehensive Engineering Insurance for Businesses

Protects construction, erection projects & machinery against accidents, theft, damage and third party liability.

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Significance of Engineering Insurance

Engineering insurance is essential because it protects construction, erection projects, machinery, and equipment from accidental damage, breakdown, theft, and natural disasters,and protects major financial losses. It ensures project continuity by minimizing downtime and covering third-party liabilities arising from injuries or property damage. The insurance also supports contractual compliance, enhances risk management, and builds confidence among contractors, investors, and project owners.

Key Benefits of Engineering Project Insurance

Get financial stability and reduce business risks with a robust engineering project insurance.

Financial Security

Contractors All Risk insurance covers site losses from fire, flood, theft, or collapse, funding repairs and replacements without draining your funds.

Assured Peace of Mind

Comprehensive coverage lets you focus on projects without financial worry from unexpected risks or events.

Ensuring Business Continuity

Minimizes downtime by covering damages and legal costs from site accidents, avoiding project delays and penalties.

Third-Party Protection

Covers injury or property damage to third parties near sites, shielding you from legal liabilities and reputational harm.

Materials & Machinery Cover

Protects expensive tools, equipment, and construction materials from damage or theft, ensuring smooth operations.

Confidence for Bigger Projects

Demonstrates professionalism to clients and investors, building trust to secure larger contracts.

Who Really Needs Engineering Project Insurance?

Explore the industries and businesses that gain maximum protection and peace of mind with comprehensive engineering insurance.

SMEs in building constructions, government contractors, renewable energy/erection projects, heavy engineering, and more need CAR/EAR policies alongside giants. They protect projects, civil works, and equipment installation from risks.

CAR policies (for principals, contractors, sub-contractors—jointly or individually) cover civil construction: residential/commercial buildings, factory sheds, warehouses, pipelines, dams, reservoirs. EAR safeguards machinery during assembly/testing.

Construction firms manage on-site accidents, equipment damage; manufacturers protect production lines from breakdowns. Infrastructure/energy sectors secure heavy installations, preventing delays and overruns.

Tailored engineering insurance ensures projects stay on budget/schedule, minimizing disruptions.

Get a customized quote today from Parivaar experts!

Essential Project Insurance Coverage

Engineering ventures involve high-value machinery and unpredictable risks. Project insurance ensures uninterrupted progress by protecting:

Contractors All Risk (CAR)

Protects civil engineering projects, covering buildings, roads, and bridges etc., against unforeseen events.

Erection All Risk (EAR)

Focuses on the installation of machinery and equipment etc., ensuring operational readiness and financial safety.

Construction Plant & Machinery (CPM)

Includes coverage for cranes, lifts, and other heavy equipment.

Machinery Breakdown (MBD)

Covers mechanical or electrical failure of machines during operation.

Electronic Equipment (EEI)

Protects computers, servers, telecom, and other electronic devices against accidental damage, breakdown, or theft.

How Parivaar guides to protect your projects.

Understand how we assist you in accessing the risks of the project and guide you with suitable insurance plans.

Assess Project Risk Gaps

Evaluate construction/installation risks to identify CAR/EAR coverage needs accurately.

Recommend Optimal CAR/EAR Plans

Guide tailored Contractors All Risk and Erection All Risk policies for your industry risks.

Facilitate Policy Issuance

Handle documentation for quick CAR/EAR policy activation and any ongoing services.

Support Claims Process

Provide expert assistance during claims for timely settlements

Frequently Asked Questions

Clear answers to common questions about comprehensive engineering insurance, coverage, claims, and benefits for SMEs and project-based businesses

What is not included in the engineering policy?

Willful acts or negligence, war and allied perils, lost or misplaced inventory, consequential losses, worker injuries, wear and tear of construction building - These exclusions are standard across most engineering policies.

Is testing and commissioning covered under engineering policy?

Yes, Engineering Insurance covers damage that occurs during the testing and commissioning phases.

Does Engineering Insurance cover third-party liability?

Yes, it includes third-party liability cover for injuries or property damage caused to outsiders due to erection activities.

Is design defect covered in engineering policy?

Standard CAR/EAR policies don't cover faulty designs, but pay for damage caused to good parts nearby. Add-on covers available for design faults.

Why is engineering insurance important for SMEs?

It protects critical assets, minimizes downtime,, and safeguards against financial losses from unforeseen events.

What does Contractor’s All Risk (CAR) cover?

CAR cover protects ongoing projects from accidental damage on site, material loss, and third-party liabilities during the construction phase.

Does engineering insurance cover machinery breakdown?

Yes, machinery breakdown cover insures against sudden or accidental mechanical or electrical failures of equipment/Machinery.

How is the premium for engineering insurance calculated?

Premiums depend on projects, size, location, machinery equipment type, sum insured, project duration, and the risk profile of the industry.

Can engineering insurance be customized?

Yes, policies can be tailored with add-ons such as transit cover, third-party liability, and extended warranties to meet business needs. Talk to our experts.

How does the claim process work?

The insured must notify Parivaar Team of any loss or damage promptly, submit the required documents, and cooperate during the assessment process.Our team will assist you throughout the claim process up to settlement.