Tailored Risk Protection for Complex Projects and Equipment

GNIC’s Engineering Insurance solutions are designed to protect businesses involved in construction, installation, and industrial operations from the wide range of risks associated with engineering and technical projects. Whether you’re erecting a steel structure, installing complex machinery, or managing a large-scale construction site, we offer specialized coverage to safeguard your investment at every stage.

Our Engineering Insurance products include:

• Installation All Risks (IAR): Covers equipment during installation, testing, and commissioning.
• Erection All Risks (EAR): Designed for plant and industrial erection projects, including third-party liability.
• Construction All Risks (CAR): Protects civil engineering works and construction sites against unforeseen damage or loss.
• Industrial All Risks (IAR): Broad coverage for industrial facilities, including buildings, machinery, and stock.
• Machinery Breakdown: Covers sudden mechanical or electrical failure of machinery and equipment.

Each policy can be tailored to meet the specific needs of your project or operation.

Explore each product to find the right coverage for your maritime business.

Installation All Risks (IAR)
Comprehensive Protection During Equipment Installation
Covers physical loss or damage to machinery and equipment during the installation, testing, and commissioning phase. Ideal for contractors, engineers, and project owners.

Erection All Risks (EAR)
Secure Your Erection Projects from Start to Finish
Offers all-risk coverage for plant and steel structures being erected, including third-party liability. Tailored for mechanical and industrial projects of all sizes.

Construction All Risks (CAR)
All-in-One Coverage for Construction Sites
Protects against loss or damage to civil engineering works like buildings, bridges, or roads during construction. Also includes third-party liability.

Industrial All Risks (IAR)
Comprehensive Protection for Industrial Assets
Provides broad coverage for accidental physical loss or damage to buildings, machinery, stock, and contents at industrial premises. Suitable for factories and manufacturing units.

Machinery Breakdown
Keep Your Equipment Running Smoothly
Covers sudden and unforeseen mechanical or electrical breakdown of machinery, minimizing downtime and financial loss. Essential for industries dependent on heavy equipment.