Project Insurance in India
Secure Your Construction and Infrastructure Projects from Unforeseen Losses
Large-scale infrastructure and construction projects involve high-value assets, multiple stakeholders, and complex risks. From site accidents to equipment damage, even a minor disruption can lead to costly delays. BTW IMF provides specialized Project Insurance solutions that protect your project investments at every stage of execution.
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What is Project Insurance?
Project Insurance is a risk management policy designed to provide comprehensive protection for engineering, civil, infrastructure, and industrial projects during construction or erection phases. It includes coverage for material damage, third-party liability, machinery, and delay-related losses.
Whether you’re a contractor, developer, builder, or project owner, project insurance helps ensure business continuity and financial stability.
Get Expert Coverage for Your Projects
BTW IMF helps you minimize financial exposure, protect your investments, and ensure smooth execution of your projects. Contact us today to get a personalized Project Insurance quote and risk assessment.
Key Types of Project Insurance Offered
Contractor’s All Risk (CAR) Insurance
Covers civil construction works such as roads, bridges, buildings, and dams. Provides protection against physical damage to the project site, materials, and third-party claims.
Coverage Includes:
- Material damage due to fire, flood, earthquake, or theft
- Damage during construction, handling, or storage
- Third-party property damage or bodily injury
- Debris removal and consultant fees
Erection All Risk (EAR) Insurance
Ideal for electrical and mechanical installations such as turbines, boilers, and industrial equipment. Covers material damage and third-party risks during the erection or commissioning phase.
Coverage Includes:
- Damage to machines or structures during erection/testing
- Faulty workmanship or design
- Third-party liability arising from erection activities
Advance Loss of Profit (ALOP) / Delay in Start-Up (DSU)
Protects against financial losses due to delays in project completion caused by an insured event. This is crucial for revenue-generating infrastructure projects like power plants or manufacturing units.
Contractors Plant and Machinery (CPM) Insurance
Covers construction equipment like cranes, excavators, and concrete mixers against theft, accidental damage, and breakdown on-site.
Common Add-Ons and Extensions
- Maintenance cover post-completion
- Owner surrounding property damage
- Removal of debris and escalation cost
- Extended testing and commissioning coverage
- Transit cover for materials and equipment
Who Needs Project Insurance?
- Civil engineering contractors
- EPC (Engineering, Procurement, Construction) firms
- Real estate developers and builders
- Infrastructure companies
- Public-private partnership (PPP) contractors
- Power and energy project owners
Why Choose BTW IMF for Project Insurance?
- Customized policy structuring as per project scale and duration
- Expert assessment of site risks and coverage needs
- Assistance with documentation, claim filing, and risk advisory
- Partnered with India’s top IRDAI-licensed insurers
- Flexible add-ons and bundled covers available
Ready to insure your Project Insurance? Contact us today at BTW IMF
and let us find the best plan for you!
Frequently Asked Questions (FAQs)
Project insurance should be purchased before construction or erection work begins to ensure full coverage from day one.
Yes. The policy can include contractors, sub-contractors, engineers, financiers, and project owners under one contract.
You can include Delay in Start-Up (DSU) coverage to get compensation for loss of anticipated profits caused by insured delays.
Yes, you can extend the policy with a maintenance period clause or opt for a standalone operational insurance policy.