What is Engineering / Contractors All Risk?
Engineering Insurance is a family of policies covering construction projects (CAR/EAR), operational machinery (MBD), and specialised equipment against accidental damage, breakdown and third-party liabilities.
Who needs it?
- Builders & infrastructure contractors
- Real-estate developers
- Manufacturing plants with critical machinery
- IT firms with high-value server/data-centre equipment
Why it matters
Project-duration cover for construction sites
Third-party liability included
Testing & commissioning cover available
Breakdown + accidental damage in one policy
Common myths, busted
Myth: Project insurance is the developer's problem.
Truth: Contractors are usually liable for project-period losses. CAR protects you.
Real claim examples
- ₹1.4 Cr CAR claim for monsoon-damage to under-construction tower in Thane.