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Engineering Insurance

WHAT IS Engineering Insurance

Description of Engineering Insurance

Engineering Insurance offers protection against risks involved in construction, installation, and operation of machinery and infrastructure projects. It is essential for businesses, contractors, and industries dealing with technical works and equipment. Whether you’re constructing a high-rise or operating industrial machines, this insurance helps safeguard against accidental losses, damage, or delays.

It provides coverage during various phases—right from project execution to equipment operation—ensuring business continuity and peace of mind.

1. Key Benefits

  • Covers construction damage, machinery failure, and third-party liability
  • Reduces risks of project delays and cost overruns
  • Essential for contractors, builders, infrastructure companies, and manufacturers
  • Available for both small and large-scale projects
  • Policies can be tailored to project-specific risks

2. What’s Not Covered

  • Gradual wear and tear or rust
  • Lack of maintenance or negligence
  • War, terrorism, or nuclear risks
  • Loss due to faulty design or hidden defects
  • Wilful damage or unlawful usage

3. Types of Engineering Insurance Policies – Part 1

1.) Contractor’s All Risk (CAR) Policy
Suitable for civil construction projects like buildings, bridges, roads, etc.

Covers physical damage to construction works due to accidents, fire, or natural calamities

Includes third-party liability for injury or property damage at the site

2.) Erection All Risk (EAR) Policy
Meant for erection and installation of plant and machinery

Covers risks during transit, storage, installation, testing, and commissioning

Ideal for industries setting up new equipment or plants

4.Types of Engineering Insurance Policies – Part 2

3.) Machinery Breakdown Insurance
Covers sudden and unforeseen damage to operational machinery

Suitable for ongoing operations in factories, plants, and workshops

Ensures business continuity by covering repair or replacement costs

4.) Boiler & Pressure Plant Insurance
Provides coverage for explosion or collapse of boilers and pressure vessels

Includes legal liability for injury to third parties or damage to property Essential for manufacturing and processing industries

5.) Contractor’s Plant and Machinery (CPM) Insurance
Covers construction machinery like cranes, excavators, dumpers, and compressors Protects against loss or damage while at work sites or in transit Vital for construction companies and equipment owners

Tinassure Insight

Engineering projects and industrial operations involve significant investment and complexity. A minor mishap can cause major financial setbacks. Engineering Insurance acts as a safety net, allowing you to focus on project completion with fewer worries.

At Tinassure, we simplify complex policies and help you choose the right engineering insurance for your needs—clearly, confidently, and with no jargon.

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Start with your zip code to compare car insurance
Start with your zip code to compare Home insurance
Start with your zip code to compare life insurance
Start with your zip code to compare health insurance

Ready to start
saving money?

Learn in seconds which types of insurance
match your business.

FAQS

Engineering Insurance protects construction projects, machinery, and equipment from accidental damage, breakdowns, and third-party risks. It's essential for ensuring project continuity and safeguarding high-value assets in industries like construction, manufacturing, and infrastructure.

The key types include:

  • Contractor’s All Risk (CAR) Policy – for civil construction projects
  • Erection All Risk (EAR) Policy – for machinery installation
  • Machinery Breakdown Insurance – for operational equipment
  • Boiler & Pressure Plant Insurance – for pressurized systems
  • Contractor’s Plant & Machinery (CPM) Insurance – for construction equipment

Contractors and builders

Engineering firms and infrastructure companies

Equipment owners and operators

Factory and plant owners

  • Industrial project managers
CAR covers loss or damage to construction works due to fire, flood, storm, theft, or accidents. It also includes third-party liability for injuries or damages caused during construction activities.
No. Most engineering insurance policies do not cover damage due to poor maintenance, wear and tear, or negligence. Only sudden and unforeseen events are generally covered.
Yes. Engineering Insurance policies can be tailored with add-ons and coverage extensions to suit the scale, duration, and risk profile of a specific project or operation.
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