Construction & Engineering

Construction & Engineering

From towering skyscrapers to critical infrastructure projects, the construction & engineering sector is built on precision and planning. However, rising material costs, project delays and regulatory risks make comprehensive risk management essential for success.

Overview

The construction & engineering sector is a key pillar of economic growth, fueled by urbanization, large-scale infrastructure projects and government initiatives like Smart Cities and Gati Shakti. However, businesses in this sector face mounting risks, including project delays, rising input costs, regulatory hurdles and safety concerns.

Unexpected site accidents, natural disasters or supply chain disruptions can lead to financial setbacks and legal liabilities. Additionally, compliance with environmental and labor laws adds complexity to project execution. To safeguard investments and ensure seamless operations, construction firms and engineering companies require tailored insurance solutions that address financial, operational and liability risks.

FAQs

  • Project Delays & Cost Overruns: Budget escalations due to unforeseen disruptions and regulatory approvals
  • Workplace Accidents & Liability Claims: Injuries to workers and third-party damages on-site
  • Supply Chain & Equipment Risks: Delays in material procurement and equipment failures
  • Environmental & Regulatory Compliance: Stricter laws affecting construction timelines and project approvals
  • Natural Disasters & Property Damage: Risks from floods, earthquakes and extreme weather conditions

  • Contractors’ All Risk (CAR) Insurance : Covers property damage, third-party liability and material losses during construction
  • Business Interruption & Supply Chain Insurance : Mitigates financial losses due to delays in material supply or project execution
  • Workers’ Compensation Insurance : Ensures financial protection for employees injured on construction sites
  • Surety Insurance : Provides financial security for project completion and contractual obligations

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DISCLOSURE

EDME INSURANCE BROKERS LTD. (FORMERLY KNOWN AS ADITYA BIRLA INSURANCE BROKERS LTD.)

Registered Office: 2nd Floor, Privillion, East Wing, Sarkhej - Gandhinagar Highway, Vikram Nagar, Bodakdev, Ahmedabad, Gujarat 380054. IRDAI License Number: 146 | Composite Broker | License Valid till: 9th April, 2027 | CIN: U99999GJ2001PLC062239 Corporate Office: VIOS Tower, 6th floor, Off Eastern Express Highway, Sewri - Chembur Rd, Mumbai – 400037 Telephone: 1800 120 2510 | Website: www.edmeinsurance.com In case of any queries/complaints/grievances, please write to us at clientfeedback@edmeinsurance.com.