Engineering Insurance

Be it the designing of a skyscraper, construction of a bridge, development of a residential complex or commissioning of a factory, construction projects face several challenges during its course which undermines its successful completion.

These may range from design errors to accidents at construction sites, where the potential for adverse financial impact is huge. Well, that is where “Engineering Insurance” can play a very indispensable role in offering protection to the stakeholders and professionals involved in the project.

Engineering insurance is a form of specialized coverage that offers comprehensive insurance protection to project owners, developers, construction contractors, architects, engineers, and other stakeholders and professionals involved in a project from financial losses arising from projects, no matter what stage they are in. Engineering insurance includes coverage against a vast range of contingencies, from loss or damage to contract works, plant, machinery, and equipment; project delays, and liabilities arising from third party property damage and third-party bodily injury.