Engineering Insurance Solutions
Specialized platform for construction and engineering projects covering equipment, materials, and project completion.
Key Features
Innovative Insurance Solutions for the Digital Age
Project Risk Assessment
Evaluate construction projects with automated risk scoring and premium calculations.
Equipment Valuation Tools
Track and value construction equipment and materials throughout project lifecycle.
Contractor Management System
Manage project contractors and subcontractors with certificate tracking and compliance.
Milestone Tracking
Monitor construction progress and adjust coverage based on project completion stages.
CAR/EAR Policy Administration
Administer Contractors All Risks and Erection All Risks policies with specialized workflows.
Delay Analysis Tools
Calculate business interruption and delay in completion claims with automated modeling.
Benefits
Automated Project Risk Scoring
Underwrite complex engineering projects faster with intelligent risk assessment algorithms.
Real-Time Progress Monitoring
Track construction milestones and adjust premiums based on actual project completion.
Multi-Party Coordination
Manage complex stakeholder relationships including contractors, developers, and financiers efficiently.
Frequently
Asked
Questions
Contractors' All Risks (CAR) insurance primarily covers civil engineering and building construction projects. Erection All Risks (EAR) focuses on machinery installation, electrical systems, and mechanical erection projects. CAR typically involves more structural work, while EAR involves more technical equipment assembly and testing.
While it's always best to secure insurance before a project begins, some insurers do offer coverage for ongoing projects after a thorough risk assessment. There may be exclusions for existing damage or a waiting period before coverage takes effect.
Standard engineering insurance typically excludes losses resulting from faulty design or specifications. However, some policies offer Design Error Extension or Professional Indemnity coverage as an add-on to protect against design flaws or professional mistakes.
Engineering insurance policies typically cover the entire project period, from mobilization to completion. Many policies also include an extended maintenance period (usually 12 months) after project handover to cover defects that appear during this time.