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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

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Complaints

Over 60 Lakhs
Happy Customers

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

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

Insure Now

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

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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

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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

Comprehensive Coverage

Comprehensive policies at an affordable premium

Simple and Easy Process

Get your policy in minutes with minimal paperwork

Timely Claim Settlement

Quick claim settlement for the minor losses

24*7 Claim Support

Round-the-clock customer assistance provided

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

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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?

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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)
- 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

Submission of Required Documents

Please provide the REQUIRED DOCUMENTS mentioned to proceed further

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)

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General Cover Premium Claim Policy

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

What our customers say ?

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Malik says,

I had some doubts when reading the terms and conditions of my travel insurance. I called the Shriram General Insurance helpline and they cleared up most of my doubts.

Prakash says,

SGI Health Insurance currently administers my health insurance policy. I still have a bonus and there hasn't been a claim. This insurance covers all hospitals for cashless payments. Customer support is excellent.

Apeksha says,

This group health insurance policy, which has a Rs. coverage amount, was obtained from Shriram General Insurance. They have connections with several hospitals and also offer cashless medical care.

Ashwin says,

“I am satisfied with Health insurance claim service” Got my Health insurance policy claim. Thanks a lot for quick response. Great customer satisfaction policy

Chiranjeev says,

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Meghna says,

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