Engineering Insurance

This insurance is for the Principals, Contractors and sub-contractors undertaking civil construction works of all kinds and this policy can be tailored to meet the tender conditions, in relation to the requirement under a contract.

This insurance provides a comprehensive financial protection against loss or damage to the contract works including temporary structures, construction plant and equipment, construction machinery. In addition to this, CAR Insurance covers legal claims in respect of third property damage or bodily injury/death arising out and whilst in the course of the construction/ maintenance of the project.

This insurance is intended for Projects relating to any civil structural and infrastructural works etc.

The cover can be taken by the Principal or the Contractors engaged in the project, including all Subcontractors, Financial Institutions. The scheme covers all parties directly involved in the contract for their respective rights and interests.

The insurance provides financial protection against any accidental physical loss or damage to the contract works other than the specific exclusions as mentioned in the policy. Normally, claims under this insurance arise from the following causes:

Natural Perils:

Fire, Lightning, Cyclone, Hurricane, Flood, Storm, Tempest, Inundation subsidence, Landslide, Rockslide, Subsidence, Earthquake, Volcanic Eruption etc.

Social Perils:

Riot, Strike and Civil Commotion, Malicious Damage, Burglary or Theft.

Human Errors:

Lack of skill, bad workmanship, negligence

Chemical Perils:

Explosion, Spontaneous Combustion, Heating, Fermentation.


Impact and Aircraft Damage.

The cover under this plan can be extended to include Inland Transit, Surrounding Property of Principal, Off-site storage, Expediting Expenses, Costs of Removal of Debris etc. The Period of cover is based on the Contract period