Engineering All Risk Insurance
Manashree Insurance Brokers
Engineering All Risk Insurance
Engineering insurance refer to the insurance that provides economic safeguard to the risk face by the ongoing construction project, installation project, and machine and equipment in project operation.
Coverage
- Fire and allied perils
- Earth quake and shock
- Faults in construction
- Strom, Flood, cyclone
- Overtime
- Glass breakage
- Cross liability and third-party liability
- Contractor plant and machinery
- Additional custom duty
- Cost of clearance and removal debris
Exclusions
- Perils related war, arson and bomb attacks.
- Financial loss or damage due to faulty design defective materials etc.
- Detrition and standard wear and tear
- Inventory loss and willful negligence