Corporate insurance
Engineering & Industrial Insurance
Cover for projects under construction, machinery in operation and the equipment that keeps your work moving.
Who is it for?
Is engineering cover right for you?
- Contractors and project owners
- Manufacturers with critical plant and machinery
- Infrastructure and real-estate developers
- Businesses relying on electronic and IT equipment
What does it help protect?
The risk, in plain English
Engineering risks are specialised: a construction site, a machinery installation or a production line each faces different hazards. Engineering insurance is designed around these stages and assets.
Key cover areas
What a policy typically includes
Cover differs between insurers and plans. These are the areas we walk you through — the policy wording always decides.
Contractor's All Risk (CAR)
Physical loss or damage to civil works during construction, with optional third-party liability.
Erection All Risk (EAR)
Machinery and plant during erection, installation and testing.
Machinery breakdown
Sudden and unforeseen mechanical or electrical breakdown of operating machinery.
Contractor's plant & machinery
Construction equipment such as cranes and earth-movers.
Electronic equipment
Computers, control systems and electronic equipment against physical damage.
What to check
Read this before comparing premiums
The cheapest policy is rarely the one that serves you best at claim time. These are the terms we always check with you.
- Project period
- Construction, testing and maintenance periods — and extensions if timelines slip.
- Sum insured
- Full contract value or replacement value, including materials supplied by the principal.
- Deductibles
- Especially for acts of nature and testing periods.
- Contract requirements
- Insurance obligations in your EPC or construction contract.
- Maintenance and testing conditions
- Policy conditions around testing, commissioning and maintenance.
How Finmirai helps
Advice before you buy. Support after you do.
As your broker, our job is to understand your need, explain options honestly and stay with you for servicing and claims.
- Map your business risks before recommending any cover.
- Prepare clear underwriting information so insurers can quote on accurate facts.
- Present options side by side — covers, exclusions, deductibles and terms, not just premium.
- Handle placement, documentation, endorsements and mid-term changes.
- Track renewals and support your team through claims, within the broker's role.
How it works
- 1
Tell us
Share your requirement by form, call or WhatsApp.
- 2
Understand your need
We ask the questions that shape the right cover.
- 3
Compare options
We identify suitable options and explain the differences.
- 4
You choose
You decide, with clarity on cover, exclusions and cost.
- 5
Policy issued
We help with proposal, documentation and issuance.
- 6
Ongoing service
Renewals, changes and claims guidance through the year.
FAQs
Engineering Insurance: common questions
Who should buy CAR insurance — the contractor or the owner?
Either, depending on the contract. Many contracts specify who must insure. We review the contract and make sure all interested parties are protected.
Is machinery breakdown covered under a fire policy?
No. Fire policies cover external perils such as fire. Machinery breakdown is a separate engineering cover for internal mechanical or electrical failure.
What if the project is delayed beyond the policy period?
The policy usually needs to be extended before expiry, and insurers may charge additional premium. Tell us early if timelines change.
Can we insure loss of profit due to machinery breakdown?
Some insurers offer machinery loss of profit cover alongside machinery breakdown insurance, subject to underwriting.
What information is needed for a CAR or EAR quote?
Typically the contract value, project description, location, timelines, contractor details, site conditions and the scope of works.
Request a consultation
Talk to us about engineering cover
Share a few details and an advisor will contact you. There's no obligation to buy.
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