ENGINEERING INSURANCES

Engineering insurance refers to the insurance that provides economic safeguard to the risks faced by the ongoing construction project, installation project, and machines and equipment in project operation

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CONTRACTORS' ALL RISKS INSURANCE

Contractor's All Risks (CARI) provides coverage for property damage and third-party injury or damage claims, the two primary types of risks on construction projects. Damage to property can include improper construction of structures, damage that happens during a renovation, and damage to temporary work erected on-site.

ERECTION ALL RISKS INSURANCE

Erection All Risks Insurance (EARI) designed to cover the risk of loss arising out of the erection and installation of machinery, plant and steel structures, including physical damage to the contract works, equipment and machinery, and liability for third-party bodily injury (BI) or property damage (PD) arising out of these operations.

MACHINERY BREAKDOWN INSURANCE

Machinery Breakdown Insurance (MBI) provides coverage for physical damage to and financial loss from equipment breakdown. Boiler and machinery insurance, also called equipment breakdown insurance, covers the cost of repairing or replacing the damaged equipment and business losses incurred from the equipment not functioning.

Engineering Insurances: Inventory