Engineering Insurance:
At Bima Vista, insurance isn’t just protection—it’s empowerment with vision.
We deliver clear, modern solutions that secure your life, health, and future.
Frequently Asked Questions
1. What’s the difference between CAR and EAR?
CAR is for civil construction (buildings, dams), EAR is for mechanical/electrical installation projects.
2. Is testing phase included in project policies?
Yes, but it must be specifically opted for. It’s critical for high-risk setups.
3. What happens if the value of my equipment changes?
The Sum Insured should match the current replacement cost. If underinsured, claims may be reduced.
4. Do I need both fire insurance and boiler cover?
Yes, these are separate, fire insurance does not cover boiler explosion and vice versa.
Big Machines, Big Projects, Big Protection
Engineering insurance is built for businesses that rely on machines, tech, or construction. It protects expensive equipment and large-scale projects against accidents, breakdowns, and other unforeseen losses, whether during operations or setup.
There are two major types:
- Annual Policies: Cover ongoing business use (factories, IT setups, etc.)
- Project Policies: Cover risks during project execution (construction, erection, etc.)
Annual Policies
- Machinery Breakdown Insurance
Protects industrial machinery like generators, compressors, etc. from unexpected breakdowns, even while at rest, under repair, or being shifted.
Covers: Sudden mechanical/electrical damage
Ideal for: Any business with essential machinery
- Boiler and Pressure Plant Insurance
Covers explosions or collapses in boilers and pressure vessels.
Also covers: Damage to third-party property or people caused by the explosion
Note: Not covered by Fire Insurance, both must be bought for full protection.
- Electronic Equipment Insurance
For computers, servers, and all tech equipment (including UPS, ACs, and data media).
Covers: Voltage spikes, design faults (non-warranty only; if there’s a warranty, the manufacturer will cover the design fault), theft, fire, etc.
Includes: Recovery costs and temporary equipment hire to maintain operations
- Contractors Plant & Machinery (CPM) Insurance
For construction businesses using cranes, excavators, etc.
Covers: Accidental damage, fire, theft, manhandling, and even Acts of God
Can extend to: Third-party liability
Bonus: All-India cover with floater option (10% extra premium)
- Deterioration of Stock Policy
Meant for cold storage owners or leasers.
Covers: Spoilage of perishable goods due to plant failure, gas leak, or temperature rise
- Civil Engineering Completed Risk
Covers post-construction damage to structures like dams, bridges, jetties, etc.
Covers perils like: Floods, earthquakes, frost, storm, tsunami, landslides
Project Policies
- Contractors All Risk (CAR) Policy
“All-risk” coverage for civil projects (buildings, dams, tunnels, etc.)
Covers: Any sudden, unforeseen damage during construction
Can be extended to: Third-party liability and testing phase
- Erection All Risk (EAR) Policy
For projects involving setup/installation of plant & machinery.
Covers: Loss from material unloading till testing and handover
Can include: Marine transit cover
Business Interruption (Consequential Loss) Policies
- Machinery Loss of Profits (MLOP)
If machinery breakdown halts production, this covers lost profits and extra working costs.
Note: Taken with Machinery Breakdown or Boiler Policy
- Advance Loss of Profit (ALOP) / Delay in Start-Up (DSU)
For projects that get delayed due to accidental damage.
Covers: Missed profits, loan interest, wages, etc.
Issued as add-on to: MCE (Machinery and Civil Engineering) / EAR / CAR Policy