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Protect your Business Operations with Shriram Engineering Insurance
24*7 Claim Notifications
100% Paperless
Best Claim settlement Awards 2022
- Overview
- Coverages
- Key Features
- Terminologies
- Claim Process
- FAQ’s
What is Engineering Insurance?
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
- Engineering insurance includes third-party property damage and bodily injury cover
- Protecting your business from any unforeseen risk and loss becomes an essential step in the smooth operation of the organisation




Why Choose Shriram Engineering Insurance?
- Shriram Engineering Insurance offers comprehensive coverage at a budget-friendly premium
- A simple application process with minimal paperwork makes Shriram Engineering Insurance easy to purchase
- Claim settlements are completed within a short timeframe to ensure timely assistance
- With a dedicated team, Shriram General Insurance provides round-the-clock claim support
Features of Shriram Engineering Insurance

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
Get your Shriram Engineering Insurance in 3 Simple Steps
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


Benefits of Shriram Engineering Insurance
- Low-cost premium with minimal paperwork
- Personalised insurance plans for every business need
- Enhanced protection with comprehensive coverage
- Settlement of emergency claims as soon as possible
- Access to 24*7 claim support
Frequently Asked Questions
What is the purpose of engineering insurance?

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
Types of Shriram Engineering Insurance Policy
Contractor’s All Risk Insurance
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
- What is Covered?
- What is not Covered?
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
Erection All Risk Insurance
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
- What is Covered?
- What is not Covered?
Material Damage
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
Third-Party Liability
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
Electronic Equipment Insurance
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.
- What is Covered?
- What is not Covered?
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 Insurance
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
- What is Covered?
- What is not Covered?
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
Contractor’s Plant and Machinery
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.
- What is Covered?
- What is not Covered?
Loss/damage to the construction equipment
malicious damage, earthquakes, floods, storms, etc.
Work, rest or care-related damage
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
Boiler and Pressure Plant Insurance
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
- What is Covered?
- What is not Covered?
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
Frequently Asked Questions
Do portable devices have coverage under an electronic equipment insurance policy?

No. Dish Antennas and other portable devices such as notebooks, laptops, sonography are not included

Contractor’s All Risk Insurance
- Maintenance Visits and extended Maintenance cover
- Earthquake
- Clearance & Removal of Debris
- Third-party Liability
- Owner's Surrounding Property
- Escalation
- Terrorism

Erection All Risk Insurance
- Maintenance Visits and extended Maintenance cover
- Earthquake
- Clearance & Removal of Debris
- Third-party Liability
- Owner’s Surrounding Property
- Escalation
- Terrorism

Electronic Equipment Insurance
- Third-party Liability
- Owner’s Surrounding Property
- Escalation
- Removal of Debris
- CPM
- Maintenance Cover

Machinery Breakdown Insurance
- Air Freight
- Express Freight (Excluding Air Freight), overtime and holiday wages
- Owner’s Surrounding Property
- Third-party Liability

Contractor’s Plant and Machinery Insurance
- Express freight (excluding air freight), overtime and holiday rates of wages
- Air Freight
- Owner’s Surrounding Property
- Clearance and Removal of Debris
- Additional Customs Duty
- Escalation
- Third-party liability
- Earthquake
- Terrorism

Boiler and Pressure Plant Insurance
- Owner’s Surrounding Property
- Third-party Liability
- Express Freight (Excluding Air Freight), overtime and holiday rates for wages
- Air Freight
- Additional Customs Duty
- Maintenance Cover
Key Features of Shriram Engineering Insurance


Frequently Asked Questions
Mention some of the add-on covers for machinery breakdown insurance?

- Air Freight
- Forest Express Freight (Excluding Air Freight), overtime and holiday wages
- Owner’s Surrounding Property
- Third-party Liability

Sum Insured
The sum insured is the amount paid to the policy holder in the instance of an unforeseen event by the insurer

All Risks Coverage
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
Frequently Asked Questions
What is a deductible?

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
How to Register Shriram Engineering Insurance Claim?
- step 1
- step 2
- step 3
- step 4
- step 5
Intimate your Claim
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)
-
Note: Please ensure that the following information
is
available to you at the time
of the claim intimation
- Policy Number/Proposal Number
- Date and Time of the Accident
- Survey location, where our loss assessor can survey the damages
- Estimated loss/description

Claim Registration
- Our customer support team will accept the claim intimation and provide the claim reference number

Claim Confirmation
- Once the claim is registered and the loss assessor gets deputed, the policy holder will receive a text message for confirmation along with surveyor details. The surveyor will contact the policy holder regarding the time and conduct the survey accordingly
Survey and Claim Settlement
- After receiving the documents, our dedicated survey team will initiate the process. Once the survey is done, the funds will be directly sent to the recipient after verification
- Note: Kindly contact our CHD /Surveyor when the property is ready for re-inspection, if the surveyor advised re-inspection
Frequently Asked Questions
How to register Shriram Engineering Insurance claim?

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)
What are the benefits of Shriram Engineering Insurance?

- Low-cost premium with minimal paper work
- Personalised insurance plans for every business need
- Enhanced protection with comprehensive coverage
- Settlement of emergency claims as soon as possible
- Access to 24*7 claim support
What is covered under the contractor’s all risk insurance policy?

- Material damage by accidental physical loss and
- Third-party losses (property/bodily injury)
How is the sum insured for machinery breakdown insurance is calculated?

The sum insured should equal the new replacement cost, including freight, erection cost and customs duty on the machinery
What are the benefits of Shriram Engineering Insurance claim process?

- Quick claim notifications
- Simple application procedure
- Timely claim settlement
- 24*7 Customer Support
Who can purchase Shriram Contractor’s Risk Insurance policy?

Civil Engineering/Construction Contractors or Sub Contractors can purchase Shriram Contractor’s Risk Insurance policy
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