Fouress - Engineering

Engineering Insurance

Comprehensive Engineering Insurance for Construction, Erection, and Contractor Plant & Machinery

In industries where precision, heavy equipment, and construction are critical, the risks associated with complex projects can be significant. Our Engineering Insurance is designed to protect construction companies, contractors, and large organizations involved in infrastructure projects. We offer specialized coverage for construction activities, erection of plants, and contractor-owned machinery, ensuring that your projects proceed without the risk of financial setbacks due to accidents, breakdowns, or unforeseen events.

Construction All-Risk Insurance (CAR)

Comprehensive Coverage for Construction Projects
Our Construction All-Risk Insurance (CAR) provides protection for construction projects from start to finish. Whether you're building a commercial complex, infrastructure project, or industrial facility, this policy safeguards your project from a wide range of risks, ensuring financial protection for contractors, subcontractors, and project owners.

Coverage for All Stages: From site preparation to project completion, including material storage, labor, and third-party liabilities.

Protection Against Damage: Covers physical damage to the structure during construction caused by unforeseen events such as fire, theft, vandalism, or natural disasters.

Third-Party Liability: Provides coverage for accidental damage or injury to third parties during construction activities.

Advance Loss of Profit: Optional coverage to protect against financial losses resulting from project delays caused by insured events.

Erection All-Risk Insurance (EAR)

Safeguarding Industrial and Plant Erection Projects
Our Erection All-Risk Insurance (EAR) is specifically designed for large-scale projects involving the installation or erection of machinery, plants, and other industrial setups. Whether you are setting up a power plant, manufacturing unit, or infrastructure project, our EAR policy covers risks associated with the installation process.

Comprehensive Coverage for Installation: Protects machinery, equipment, and plant structures from accidental damage during the erection and installation phase.

Machinery Breakdown: Coverage for breakdowns during testing or commissioning of new machinery, reducing costly project delays.

Third-Party Liability: Provides protection against legal liabilities arising from accidental damage or injury to third parties during the erection process.

Delay in Start-Up (DSU): Optional coverage to protect against financial losses due to delays in the project's completion, ensuring minimal impact on your business operations.

Contractor's Plant and Machinery (CPM) Insurance

Protecting Contractors' Equipment and Heavy Machinery
For contractors working in construction, infrastructure, or industrial projects, machinery and equipment are among your most valuable assets. Our Contractor's Plant and Machinery (CPM) Insurance provides comprehensive coverage for all types of construction equipment, ensuring that your operations remain uninterrupted.

All-Risk Coverage: Protection for a wide range of contractor-owned equipment, including excavators, bulldozers, cranes, concrete mixers, and other specialized machinery.

Coverage Against Accidents and Breakdowns: Insures against accidental damage, fire, theft, and mechanical breakdowns of equipment during usage or transportation.

On-Site and In-Transit Coverage: Provides protection while equipment is at the project site, in storage, or being transported to different locations.

Rental Cost Reimbursement: Optional coverage for renting replacement equipment in case of a breakdown, ensuring project continuity without delays.

Benefits of Our Engineering Insurance Solutions:

Tailored to Your Industry: Our policies are customizable to meet the unique requirements of construction, erection, and industrial projects.

Comprehensive Risk Protection: We offer end-to-end protection for your assets, from machinery and equipment to construction materials and completed structures.

Cost-Effective Premiums: Benefit from competitive premium rates while securing comprehensive coverage for your projects.

Efficient Claims Processing: In case of an insured event, we ensure swift claims handling to reduce project downtime and keep your business moving.

Expert Risk Assessment: Our team of specialists will work with you to assess project risks and recommend the appropriate coverage to mitigate potential losses.

Who Should Consider Engineering Insurance?

Construction Companies: Protect large-scale construction projects from physical damage, theft, and third-party liabilities.

Contractors: Insure valuable machinery and equipment, ensuring that costly breakdowns or accidents don't derail your projects.

Industrial Plants: Safeguard the erection and installation of industrial plants and machinery, from inception through commissioning.

Infrastructure Projects: Protect against potential delays and losses during infrastructure development, ensuring that your project is financially secure.

With our Engineering Insurance solutions, you can focus on executing your projects with precision, while we take care of the risks. Let us help you build with confidence, knowing that your investments are protected at every stage.