Engineering Insurance

Home  >>  Engineering Insurance

The Insurance Act defines engineering insurance as the business of effecting and carrying out contracts of insurance of various perils arising out of plant and machinery, such as explosion and collapse of boilers, breakdown of electrical plants and lifts and cranes, and the resultant damage to insureds surrounding property and liability to third party arising from there.

It includes contract of insurance in respect of contract work covering damage to property on site, however caused and third party liability arising from there.