Engineering insurance

Contractors Plant and Machinery Insurance Policy


This policy is mostly taken by contractors, or factories.

The Policy coverage includes any unforeseen and sudden physical loss or damage to the Insured items due to any cause including:

a) Burglary, theft, riot, strike and malicious damage.
b) Fire and lightning, External explosion, Earth Quake, Flood, Subsidence, Inundation, Landslide and Rockslide
c) Storm, tempest, hurricane, tempest, typhoon and tornado
d) Accidental damage while at work due to faulty man handling, dropping or falling or collapse, collision and impact.


The Insured shall be indemnified for any loss or damage to the insured item while it is being used/installed at the site against unforeseen and sudden physical damage to the machinery by any cause provided the same is not specifically excluded under the Policy.



The policy shall not cover loss or damage due to the following:

1)    Electronic or Mechanical Breakdown failure or breakage without the operation of any external peril.
2)    Loss or damage to replaceable parts which have limited life such as bits, knives, ropes, belts, chains etc. etc.
3)    Loss or damage due to explosion of any boiler or pressure vessel.
4)    Loss or damage to any water borne vessel and crafts, sinking or damage by sea waters or tides.
5)    Loss or damage sustained during the transit from one location to another.
6)    Loss or damage due to wear, tear, collisions and depreciation.
7)    War and war-like situations including nuclear risks.


How to purchase?


For detailed information,

Call toll free : 800(628873) - Ext 123