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Engineering Insurance

Allianz provides a range of insurance products and services to meet the requirements of commercial and corporate businesses involved in projects like civil construction and mechanical engineering.

Contractors’ All Risks Insurance

This cover offers you assurance against possible damage and losses that could occur within your construction site. The cover is on an All Risk basis and includes:

  • Fire and Allied Perils
  • Flood, Storm, Tempest, Cyclone
  • Earthquake, Fire and Shock Collapse of construction
  • Collapse
  • Water Damage for Wet Risks
  • Third party liability

Various customized extensions are also available to meet your specific needs.

Erection All Risk Plant

  • This policy covers all risks in projects that involve construction, testing and commissioning.

The following extensions can be included:

  • Express freight (excluding air freight), holiday and overtime rates of wages
  • Air freight
  • Additional customs duty
  • Testing period extensions
  • Storage risks at the fabricators premises/workshop
  • Custom duty
  • Expenses towards clearance and removal of debris
  • Third party liability
  • Cross liability
  • Escalation of cost

Electronic Equipment Insurance

  • Electronic equipment can be very costly, and their repair and replacement often has a heavy impact on your wallet. By insuring your electronic equipment with Allianz, you are safeguarded from the financial burden that could arise from such loss or damage. (This does not include the exclusions specifically mentioned in the policy).

Machinery Breakdown Insurance

  • You are covered against accidental damage to your machinery, whether the machinery is in operation or at a standstill. You are also protected from damaged to machinery while it is dismantled for cleaning or overhauling, and against damage to the machinery while it is being transported within specified premises, or subsequently re-erected.

Machinery Loss of Profits Insurance

  • You can face a reduction in your turnover as a result of accidental damage caused to machinery/ boilers. Allianz helps protect you from such losses.

The policy can also be extended to include:

  • Lay-off wages
  • Failure of public utilities like electricity, water, gas

Boiler and Pressure Plant Insurance

  • This policy covers damage to boilers and pressure plants, other than by fire. It also protects you from liability arising from damage to surrounding property and third parties, caused by the explosion of the plant during its normal course of work.

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