Category: ईन्जिनियरिंग बीमा

This is a comprehensive insurance policy available to the client against unforeseen and sudden physical damage to plant and machinery or construction equipment by any cause not specifically excluded. This policy shall apply for all insured items whether at work, rest, or being dismantled for cleaning or overhauling. It can be bought only after successful commissioning. This insurance will be offered on current replacement value of plant & machinery or equipment.

Electronic Equipment Insurance (EEI) is designed to provide comprehensive protection against unforeseen and sudden physical loss or damage to insured electrical and electronic equipment, whether the equipment is in operation or at rest.

This policy covers a wide range of electronic assets, including computers, servers, data processing systems, medical equipment, and other essential electronic devices used in day-to-day business operations.

Throughout the entire lifecycle of your electronic equipment, Prabhu Insurance is committed to helping you manage risks effectively at every stage.

Machinery Breakdown Insurance policy provides protection against sudden and accidental physical damage to various types of machinery equipment and appliances including generators, boilers, compressors, pumps, and production machinery. Boilers can also be insured under Boiler Insurance.

Specially covered damage caused by mechanical breakdown, electrical breakdown, operator error, and other unforeseen events as per the standard policy.

This policy covers cost of repair or replacement related to sudden and accidental damage to the machinery.

Erection All Risk Insurance is a comprehensive engineering insurance policy designed to cover risks associated with the erection, installation, testing, and commissioning of plant, machinery, and mechanical structures at a project site. It protects against sudden and unforeseen physical losses or damages caused by perils such as fire, earthquake, flood, landslide, storm, theft, and accidental incidents during erection, testing, and commissioning stages.

The policy generally covers the fully erected value of the project and may also be extended to include additional protections such as third-party liability and escalation costs.

EAR policy can be obtained by project principals, contractors, subcontractors, as well as lenders such as banks and financial institutions.

Contractors’ all risks (CAR) insurance is a non-standard insurance policy that provides coverage for property damage and third-party injury or damage claims, the two primary types of risks on construction projects. Damage to property can include improper construction of structures, the damage that happens during a renovation, and damage to temporary work erected on-site.
Third parties including subcontractors may also become injured while working at the construction site. CAR insurance not only covers those associated risks but also bridges these two types of risks into a common policy designed to cover the gap between exclusions that would otherwise exist if using separate policies.