ENGINEERING REINSURANCE SERVICE

Engineering insurance refers to the insurance that provides economic safeguard to the risks faced by the ongoing construction project .The long process of erecting a whole structure requires time and a lot of hard work. Besides the construction, there is equipment and machinery that need to be set up, tested and installed for a construction plant to successfully function. So, as the process involves several steps and equipment and people working on establishing a complete building, structure or plant, there are also several risks and threats involved.

• Erection All Risk policy works to protect you and your resources from the start to finish of the process of erecting a new structure. The policy covers risks for a variety of projects including power plants, water and wastewater treatment facilities, manufacturing factories and telecommunications centres.
• Manufacturing is like the nerve center of the industrial sector and the machines used represent a major investment for businesses. Physical damage to machinery from accidents or unforeseen circumstances can slow down or even halt production, and can majorly affect your business . This is when a Machinery Breakdown Insurance can help you out.
• Civil engineering projects like buildings, bridges, dams, roads, etc. require huge capital investments and involve high risk of loss or damage. There may be accidents, natural disasters or unexpected happenings which can cause physical damage to the project, subsequently putting the responsibility for loss or damage on the contractor. The Contractor’s All Risks Policy will cover any damage or loss to a civil engineering project thereby nullifying the risk of heavy losses.
• In this modern age where businesses rely on technology, protecting computer and electronic equipment has become essential. Electronic Equipment Insurance policy is specifically designed to provide complete cover to electronic equipment in case of breakdown or damage. The policy covers the high costs of repair or restoration of the damaged equipment, or its replacement thereof to ensure business continuity at a marginal cost.