Engineering insurance is a type of insurance policy that covers a wide range of engineering and production related risks. It is a comprehensive insurance policy that provides economic safeguard to the risks faced by the ongoing construction/ installation projects, machinery and equipment under project operation.
The risks covered are w.r.t. electrical, mechanical and other functional parameters. The huge capital investment in manufacturing activities poses a serious risk and there is a need to effectively tackle the same. Engineering insurance policies effectively cover such risks and ensures easy resilience in case of any untoward incidents or business loss.