A Safety Net
for Every Role, Every Risk
Safeguard your equipment, machinery, and projects from unforeseen events.
Our Trusted Partners
Why is Engineering Insurance Vital for Business
Engineering insurance protects your projects and equipment from breakdown, damage, and operational failures. It ensures project continuity and protects your investment in critical machinery.
What Types of Businesses Need Contractors All Risk Policy Coverage?
Contractors & Subcontractors
Cover your liability for damages to the project or third-party property, ensuring your business isn't held financially responsible for unforeseen incidents.
Project Owners & Developers
Protect your investment in a construction project by ensuring it's covered against potential losses or damages.
Civil Engineering Firms
From roads and dams to tunnels and pipelines, your projects face unique risks. Buy Comprehensive Engineering Insurance to get protected against delays, accidents, and unforeseen events.
How will Engineering Insurance Help Businesses?
A private construction company launched a large expansion project, but soon faced serious challenges when its machinery encountered serious malfunctions. The project's delay caused progress to stall, and eventually, get cancelled. With Engineering Insurance in place, the firm recovered its financial losses and stabilized operations sooner.
Protect your engineering investments
ECI steps in to cover these costs, preventing a financial blow to the company and ensuring the injured employees receive the care they need.
Inclusions
Fire and Lightning
Damage caused by accidental fire or lightning strikes.
Accidental Damage
Unforeseen physical loss or damage to property during construction.
Negligence And Human Errors
Covers losses due to mistakes made by workers or subcontractors.
Theft & Burglary
Loss or damage to materials, equipment, or property due to theft or burglary.
Mechanical & Electrical Breakdown
Covers breakdown of machinery or electrical systems used in the project.
Impacts, Foreign Objects, Collapses
Damage caused by impacts, falling objects, or structural collapses.
Exclusions
Willful Misconduct
Losses caused by deliberate wrongful acts.
Discontinuation of Work
Losses due to work stoppage, unless caused by an insured peril.
Defective Design
Losses from design flaws or errors, usually not covered.
Failure to Meet Contractual Obligations
Financial losses from contract breaches are typically excluded.
War, Invasion, or Civil Unrest
Damage from these events is generally not covered.
Seamless Claims Process
Instant Coverage
Affordable Premiums
Risk Mitigation
Why Get Your Engineering Insurance From Covrzy?
In the world of engineering and construction, risks are as diverse as your projects. Covrzy's comprehensive engineering insurance is your all-in-one solution for a worry-free construction journey.
Seamless Claims Process
Instant Coverage
Affordable Premiums
Risk Mitigation
Real Life Claim Story
During the construction and testing phase of the Kudankulam Nuclear Power Plant, a turbine malfunction occurred in Unit 1. The turbine generator tripped, causing a delay in the project's commissioning. This incident led to significant financial losses due to project delays and repair costs.
Delay in Start-up (DSU) Coverage
This would compensate for the financial losses incurred due to the delay in the project's completion and commissioning..
Expediting Expenses
Coverage for additional costs incurred to speed up the repair process and minimize downtime
Frequently Asked Questions
What are the different types of Engineering Insurance I can buy?
- •Contractors All Risk (CAR) Insurance: Comprehensive coverage for construction projects, including property damage, third-party liability, and equipment breakdown.
- •Erection All Risk (EAR) Insurance: Covers risks during the installation and testing of machinery and equipment.
- •Machinery Breakdown Insurance: Protects against financial losses due to unexpected breakdowns of machinery and equipment.
- •Boiler and Pressure Plant Insurance: Covers boilers, pressure vessels, and associated equipment from explosions or other damage.
- •Electronic Equipment Insurance: Protects sensitive electronic equipment like computers, servers, and control systems from damage or breakdown.
Contact Us for a free consultation to choose the appropriate insurance for you!
Why should I buy comprehensive engineering insurance?
Is theft & burglary covered under comprehensive engineering insurance policy?
Do you have more questions?
Contact us for any queries related to business insurance, coverages, plans and policies. Our insurance experts will assist you.
Prevent Financial Liability From Construction Risks
Your ally in making your next construction projects with zero risk
