TheOrientalInsuranceCompanyLimited

EngineeringInsurance
The rapid industrialization of our country has led to increasing use of machines in industry.
Thoughuseofmachineryresultsinincreasedproductioncapacities,intheeventofaccidentand
breakdowns,theycanbepotentialsourcesoffinanciallossandcouldevenresultintheclosure
ofbusiness.

Inspiteofpropercareandmaintenanceofmachinery,mishapmayyetoccur.

Sometimes the extent of damage may be quite high and may also lead to fatal or nonfatal
injuriestohumanbeingsnearby.

The remedy for such losses is offered by means of the pecuniary protection given under
Orientalsengineeringinsurancepolicies.

Thevariousengineeringpoliciesofferedbyusmaybedividedunderthefollowingthreemajor
heads:

1. ProjectInsurance
2. OperationalMachineriesInsurance
3. BusinessInterruptionInsurance

ProjectInsurance:

Before an industry is set up, it involves project planning, financing, procurement of land, land
levelling and earthwork, excavation of land, placing orders and procurement of machineries
from various places, storing these machineries and other equipments connected with the
projectinsafeconditions,erectingtheequipmentsasperaplannedscheduleandfinallytesting
andcommissioningtheerectedplantandmachineryfortheirratedcapacity.

The engineering policies, recommended at the project stage can be any one of the following
threecovers:

1. ErectionAllRisks(alsoknowasStorageCumErectionInsurance)
2. Contractors(Construction)AllRisksInsurance
3. ContractorsPlantandMachineryInsurance

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 TheOrientalInsuranceCompanyLimited

OperationalMachineriesInsurance

After the completion of testing and commissioning and commencement of commercial

production, the machineries that are installed and working in a specified premises can be
coveredunderanyofthefollowingpolicies(dependinguponthenatureandtypeofplantand
machinery):

1. MachineryBreakdownInsurance
2. BoilerAndPressurePlantInsurance
3. ElectronicEquipmentInsurance
4. CivilEngineeringCompletedRisksInsurance
5. DeteriorationOfStocksInsuranceRefrigerationPlant(Stock)Policy

BusinessInterruptionInsurance(ConsequentialLossInsurance)

Following property damage, due to break down of the machinery / electronic equipment or
explosion ofa boiler covered under the respective material damage policies, there may be an
interruption in the operations and leading to loss of gross profits during such interruption
periods.Suchlossofgrossprofitiscoveredunderbusinessinterruptionpolicies:

Thisinsurancecoversadditionalcostofworkingalso,toresumeproduction.

Knowmoreaboutourvariousengineeringproducts:

1. ErectionAllRisks(alsoknowasStorageCumErectionInsurance)/MarinecumErection
Insurance
2. Contractors(Construction)AllRisksInsurance
3. ContractorsPlantandMachineryInsurance
4. MachineryBreakdownInsurance
5. BusinessInterruptionInsurancefollowing:
a. MachineryBreakdown
b. ElectronicEquipmentBreakdown
c. BoilerExplosion
6. AdvancedLossofProfit/Delayinstartup
7. BoilerAndPressurePlantInsurance
8. ElectronicEquipmentInsurance
9. DeteriorationOfStocksInsuranceRefrigerationPlant(Stock)Policy(Potatoes)
10. CivilEngineeringCompletedRisksInsurance