Engineering Insurance
I’m a small contractor doing house renovations. Do I need engineering insurance?
If you’re working on projects worth more than ₹5–10 lakhs, yes! Engineering insurance protects you from:
- Accidental damage during construction
- Third-party injuries at the worksite
- Equipment theft from the construction site
- Natural disaster damage to ongoing work
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What's the difference between CAR and EAR insurance?
CAR (Contractor’s All Risk)
For civil construction projects like:
- Houses, roads, bridges, buildings
- Houses, roads, bridges, buildings
- Also includes construction plant & machinery and principal’s surrounding property
- Includes third-party liability
Includes third-party liability
For machinery installation projects like:
- Factory equipment, power plants, turbines
- Covers damage during transport, storage, erection
- Covers damage during transport, storage, erection
What's the difference between CAR and EAR insurance?
It depends, but typically:
- The main contractor pays and includes the cost in the project budget
- The client may arrange insurance directly for more control
- Sometimes costs are split – e.g., contractor pays CAR, client pays EAR
What if my equipment gets stolen from the construction site?
Theft is usually covered under standard CAR/EAR policies, but with conditions:
- Forced entry must be proven
- Site must have proper security (night watchman clause)
- Site must have proper security (night watchman clause)
- Police complaint should be filed within 24 hours
Are there other types of engineering insurance?
Yes! Besides CAR and EAR, there are other important engineering policies:
- Machinery Breakdown Insurance : Covers sudden breakdown of installed machines
- Electronic Equipment Insurance: For damage to computers, servers, lab instruments, etc.
- Boiler and Pressure Plant Insurance: Covers explosion damage to boilers and pressure vessels
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