Engineering Insurance

We also help Insurers for better understanding of risks and negotiate for better terms.Below given are some of the most commonly sought after policies in respect of Liability insurances.

Engineering Insurance

We also help Insurers for better understanding of risks and negotiate for better terms.Below given are some of the most commonly sought after policies in respect of Liability insurances.

Policy is specially designed to give financial protection to civil engineering contractors in the event of an accident to under-construction civil construction. It also covers third party liability that may arise due to accidents at the construction site.

Covers liability that may arise from the damage of owner’s surrounding properties due to ongoing construction activities.

Flexibility to pay premium in quarterly or annual installments

The policy requires that the sum insured should not be less than the total value of the erected property including freights, custom duty, and cost of construction with minor adjustments that may vary due to increase or decrease of wages or prices at the time of policy purchase

The policy provides cover at various stages of an erection project that involves–Storage, Testing, Maintenance or Commissioning at a plant or machinery engineering site.

Engineering All Risk insurance policies may also cover the professional fees with respect to the reinstatement of the work.

Offers cover against legal liability that may arise to a third party for bodily injury and property damage caused to them due to an accident at The premium depends upon the type of the erection project, duration of the project, excess options and the sum insured. If the period of the policy exceeds 12 months, premium can be paid in installments.

Coverage

CPM insurance covers all physical damage done to a contractor’s machinery that is not specifically excluded by the policy. This includes accidents not due to gross negligence and acts of God, such as falling trees or storm damage. The payments cover the cost to repair or replace the affected machinery, which is covered at work or rest, while on any job site owned by a third party and even when dismantled or reassembled for maintenance.

Extensions

Many CPM insurance policies offer optional extensions to cover additional costs your business may face in the event of an accident. These include damage to the owner’s surrounding property, air or express freight for replacement equipment, and removal of debris

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