24*7 Claim Notifications
100% Paperless
Best Claim settlement Awards 2022
The operation of factories, plants and construction sites is accompanied by multiple risks, such as equipment failure, machinery breakdown and site accidents, etc. Engineering insurance acts as a safety shield against such threats faced by the construction project, installation project and manufacturing units in project operations
Nil Pending
Complaints
Over 60 Lakhs
Happy Customers
Competitive Premium
Affordable premium with minimal documentation
Comprehensive Coverage
Extensive coverage with exclusive add-on covers
Fast Claim Process
Quick claim approvals and on-time claim settlement
24*7 Claim Assistance
Timely customer support for all your queries
Call our Toll-Free number
Call (1800-300-3000/1800-103-3009) to avail a Shriram Engineering Insurance policy at your convenience and you will be guided by our dedicated customer support executives throughout the Shriram Engineering Insurance journey
Submit the required documents
Kindly submit the required documents - the building space, contents, machinery and equipment, involved inside the building, construction area, cost of construction, address proof to proceed with the Engineering Insurance process
Complete the payment and get instant engineering insurance
Kindly complete the payment by selecting the preferred payment method (Debit Card, Credit Card, Net Banking or Cheque) and get Shriram Engineering Insurance instantly
An engineering insurance policy protects a contractor or employer in case of physical loss or damage to contract works, construction equipment or machinery. It also includes cover for third party property/bodily injury
Shriram Engineering Insurance includes 5 different types of policies with extensive coverages for a smooth function of an industry/plant/construction site
Contractor’s All Risk Insurance covers all risks associated with construction projects (residential/commercial buildings, theatres, factory sheds, warehouses, roads, bridges, etc.) due to natural and man-made disasters
The policy coverage begins as soon as the first shipment of material is unloaded on site. And the coverage ends when the project is completed or handed over to the purchaser
Material damage by accidental physical loss
Third-party losses
War & Nuclear Risks
Wilful Act/Negligence
Partial/Total cessation of work
Normal wear & tear
Loss or damage due to faulty design
Consequential losses
Cost of replacement/repair or rectification of defective material and/or workmanship
The erection all risk policy offers comprehensive cover against physical loss/damage to the insured property that arises during the erection, maintenance or testing period of the machinery/equipment
The policy covers the property against loss, damage or destruction by any cause unless specifically excluded. The erection all risk insurance policy provides an all-risk cover that protects against sudden & unforeseen loss/damage occurring on the erection site during the policy period
The policy covers third-party property against loss, damage, destruction and third-party personal injury
War & Nuclear Risks
Wilful Act/Negligence
Partial/Total cessation of work
Normal wear & tear
Loss or damage due to faulty design
Consequential losses
Cost of replacement/repair or rectification of defective material and/or workmanship
The electronic equipment insurance policy will cover all electronic equipment like computers, microprocessors, medical/biomedical devices and audio/visual equipment, including the systems software. The electronic equipment includes the entire computer system consisting of CPU, keyboards, monitors, printers, stabilisers, UPS, system software, etc.
Any unforeseen and sudden physical loss or damage to electronic equipment from any cause, other than the exclusions
External data media and the expenses for reconstruction and re-recording of information
Increased cost of working
Loss or damage as a direct consequence of the continual influence of operation (e.g. wear and tear, cavitation, erosion, corrosion, incrustation) or gradual deterioration due to atmospheric conditions
Loss/damage for which the manufacture/supplier of the insured items is responsible either by law or under contract
Loss/damage to rented or hired equipment for which the owner is responsible either by law or under a lease/maintenance agreement
Consequential loss or liability of any kind
Aesthetic defects, such as scratches on painted, polished or enamelled surfaces
Machinery breakdown policy covers physical loss or damage to machinery and equipment against unforeseen accidents, electrical and mechanical breakdowns or damage to the insured items. The policy cover remains in effect when the machinery is in operation, at rest, dismantled, overhauled or during subsequent re-erection at the same premises
Unforeseen and sudden physical damage or loss to machinery at work or rest or being dismantled for cleaning or overhauling
Damage in the course of the machine operations, being shifted within the premises or during subsequent re-erection
Fire and related perils
Theft
Overloading experiments
Wilful acts or gross negligence
Gradual flaws/defects not necessitating immediate stoppages
Normal wear and tear
Consequential losses
Pre-existing defects
Terrorism
The policy provides coverage for the contractor's plant and machinery on the construction site, such as dumpers, rollers, heavy construction equipment, drilling machines, etc.
malicious damage, earthquakes, floods, storms, etc.
The policy covers damage resulting from work, rest or maintenance on insured property
Transit risks from site to site
Electrical & mechanical breakdown
Freezing of coolant or other fluids, defective lubrication, replaceable parts
Explosion due to steam pressure in I.C. engine
Wear and tear, rusting, testing for other purposes
War and nuclear perils
Pre-existing defects at inception
Wilful act/negligence of insured
Consequential loss/liability, inventory loss
Cost of alteration, improvement, overhauls, modifications, additions and material changes
The boiler and pressure plant insurance policy covers damage other than fire to boilers and pressure plants, surrounding property and third-party legal liabilities due to explosions/collapses while the boiler/pressure plant is in operation
Damage to both fired and unfired against losses due to explosion or collapse
Damage to surrounding property arising due to explosion or collapse of the Pressure Plant during its normal course of work
Third-party legal liability arising due to explosion or collapse of the Pressure Plant during its normal course of work
Fire and allied perils
War and nuclear perils
Overload experiments/tests imposing abnormal conditions
Gradually developing defects not necessitating stoppage
Normal wear and tear
Failure of individual tubes not leading to explosion / collapse
Loss/damage during application of test by inspecting authority or otherwise Wilful act/negligence
Pre-existing defects and faults
Consequential losses
Loss or damage for which the manufacturer or supplier or repairer of the property is responsible either by law or under contracts
No. Dish Antennas and other portable devices such as notebooks, laptops, sonography are not included
Contractor’s All Risk Insurance
Erection All Risk Insurance
Electronic Equipment Insurance
Machinery Breakdown Insurance
Contractor’s Plant and Machinery Insurance
Boiler and Pressure Plant Insurance
The sum insured is the amount paid to the policy holder in the instance of an unforeseen event by the insurer
All Risks Coverage/Comprehensive Coverage in engineering insurance covers the loss arising from any unexpected events, except those that are specifically excluded in the policy document
A deductible is the amount of the claim that is to be borne by the insured. This deductible amount will be paid by the insured when a claim arises and the insurance company will cover the remaining balance
Shriram General Insurance’s claim intimation process is easy and hassle-free. Intimate a claim, submit the required documents and get a timely claim settlement
Intimate a claim via our Toll-Free number 1800-300-30000/1800-103-3009 or Please download the CLAIM INTIMATION, fill it and send it to our Help Desk via Email ID (chd@shriramgi.com)
Intimate a claim via our Toll-Free number 1800- 300-30000/1800-103-3009 or Please download CLAIM INTIMATION , fill it out and send it to our Help Desk via Email ID (chd@shriramgi.com)
The sum insured should equal the new replacement cost, including freight, erection cost and customs duty on the machinery
Civil Engineering/Construction Contractors or Sub Contractors can purchase Shriram Contractor’s Risk Insurance policy
Rajesh kumar says,
Kishore kumar says,
Rajesh kumar says,
Rajesh kumar says,
Rajesh kumar says,
Rajesh kumar says,
KKR invests in Shriram General Insurance
Posted on 23 Aug 2022
KKR, a leading global investment firm, and Shriram General Insurance Company (“Shriram General Insurance”, “SGI” or “the Company”), a leading ...
Read more
Tips on how to choose Car
Insurance
Posted on 23 Aug 2022
Do you know, what is the reason for insuring the vehicle? Or why we should insure our vehicle with the foremost insurance company? If it is because the...
Read more
Budget 2022: General insurers seek exemptions, tax parity
Posted on 23 Aug 2022
This Union Budget 2022, the insurance companies want their space to encourage the use of insurance with lower GST on premiums. The COVID-19 ...
Read more
Your insurance policy is up for renewal.
Please renew your Insurance now for trouble-free driving.
Contact Shriram Support
IRDAI Consumer Education:- Insurance is the subject matter of solicitation. IRDAI Registration Number - 137. CIN No. U66010RJ2006PLC029979. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
Quick
renewal
