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Engineering Insurance Short Guide

Engineering Insurance provides coverage for damage to machines, equipment, and construction projects. It is taken at the start of a construction project or when machinery is installed, involving several steps including selecting an insurance company and paying a premium. The benefits include financial protection against project damage and machinery breakdown, while lacking coverage can lead to significant financial losses and project delays.

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3 views1 page

Engineering Insurance Short Guide

Engineering Insurance provides coverage for damage to machines, equipment, and construction projects. It is taken at the start of a construction project or when machinery is installed, involving several steps including selecting an insurance company and paying a premium. The benefits include financial protection against project damage and machinery breakdown, while lacking coverage can lead to significant financial losses and project delays.

Uploaded by

sales
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Engineering Insurance – Short Guide

1. Engineering Insurance kya hai?


Machines, equipment aur projects (construction/erection) ko damage hone par cover karta hai.

2. Kab liya jata hai?


Jab construction project start ho, machinery install ho ya factory machines use ho.

3. Kaise liya jata hai?

1 Project/machine details ready (cost, location, duration)


2 Insurance company select (ICICI Lombard, HDFC ERGO, Tata AIG)
3 Proposal form fill
4 Risk inspection (if required)
5 Premium pay
6 Policy issue

4. Company ko kya fayda?

1 Project damage ka paisa insurance dega


2 Machinery breakdown cover
3 Financial protection
4 Tender/bank approval help
5 Business continuity

5. Agar na ho to kya hoga?

1 Lakhon/crore ka project loss


2 Production band hone ka risk
3 Self repair/rebuild cost
4 Project delay penalty
5 Financial stress

6. Claim kaise hota hai?

1 Damage hone par turant inform


2 Surveyor visit
3 Documents submit (invoice, photos, report)
4 Survey report
5 Insurance payout

Summary: Chhota premium dekar bada project aur machine risk secure karna hi Engineering
Insurance hai.

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