Engineering Insurance

⚙️What is Engineering Insurance?

Engineering insurance is a specialized type of general insurance that provides financial protection against risks related to construction projects, machinery, and industrial equipment. It covers unexpected losses or damages that may occur during installation, operation, or project execution.

👉 In simple terms: Engineering insurance protects machines, projects, and infrastructure from technical and operational risks.

📦What covers in Engineering Insurance

• 🏗️Contractors All Risk (CAR)

  • Covers construction projects (buildings, roads, bridges)
  • Protection against damage during construction
  • Includes third-party liability

• ⚙️Erection All Risk (EAR)

  • Covers installation of machinery and plants
  • Protection during erection, testing, and commissioning

• 🔧Machinery Breakdown Insurance

  • Covers sudden mechanical or electrical failure
  • Repair and replacement costs
  • Minimizes downtime losses

• 💻Electronic Equipment Insurance

  • Covers computers, servers, medical equipment
  • Protection against short circuits, breakdown, and damage

• 🚜Contractor’s Plant & Machinery (CPM)

  • Covers heavy construction equipment
  • Excavators, cranes, loaders, etc.
  • Protection against accidents and damage

• 💸Loss of Profit / Delay in Start-Up (DSU)

  • Covers financial loss due to project delays
  • Protects expected revenue and profitability

🎯Benefits of Engineering Insurance

Engineering insurance helps limit financial shock from damage, breakdown or project delay—supporting continuity for contractors, owners and operators.

At Kakran IMF, we help structure covers to match how your project or plant actually runs, with clear advice on scope, limits and exclusions — plus placement, renewals and claims support under IRDAI-compliant practice.