Engineering
Engineering insurance covers projects and plant: Contractors' and Erection All Risks for construction and installation, and annual covers — Contractors' Plant and Machinery, Machinery Breakdown, Boiler and Pressure Plant, Electronic Equipment — for assets in operation. Since detariffing in 2007 every insurer rates on its own basis; what moves the price is the risk detail an underwriter can see.
Technical benchmark — a reference for judging the insurer's number, not a price · Updated 2026-09-05
Every rating factor an underwriter will apply — site, period, NatCat, protection, claims — captured up front, so the discounts are earned and the loadings are argued.
What the RFQ captures
- Project covers (CAR, EAR): contract value or total sum insured by section — contract works, third-party liability, existing property; project period, testing period, maintenance or defect-liability period; scope of work and construction type
- Annual covers (CPM, MBD, BPP, EEI): the asset or plant schedule with values, location and whether it floats; last and next inspection, the inspection agency, and whether an AMC is in place
- Electronic equipment: hardware, external data media and increased cost of working as separate sums, with the time excess and indemnity period
- Location and hazard: zone, earthquake zone, STFI and terrorism cover wanted, and whether premium is paid up front
- Site protection the underwriter credits: 24×7 watchmen, dewatering, fire-fighting facilities, underground utilities marked, years of experience
- Claims in the last three years with the file, and the instalment plan if premium is paid in parts
What changes for the broker
Project covers and annual covers are different objects and Bridge treats them so. Contractors’ and Erection All Risks are priced on a contract value over a period with a defect-liability tail; the annual covers on a schedule of items with a value, a location and an age — and age matters, because inspection history and maintenance contracts are what an underwriter reads first on a boiler or a machine.
Since 2007 there is no published rate to look up. An underwriter starts from a base for the risk code and moves it with discounts and loadings — site protection, experience, loss ratio, NatCat exposure, deductible. Bridge captures every one of those factors at intake, in the order an insurer’s own form asks for them, so the submission earns the discounts it deserves and the loadings can be argued line by line.
Warranties are half the quote
An engineering quote’s clauses, warranties and exclusions are as much of its value as the rate. Because Bridge holds them as structured items, two insurers’ warranty sets can be compared mechanically in the grid — a comparison that is otherwise done by reading two PDFs side by side.
Questions
Which engineering products does Bridge cover?
Six: Contractors' All Risks, Erection All Risks, Contractors' Plant and Machinery, Machinery Breakdown, Boiler and Pressure Plant, and Electronic Equipment Insurance.
Does Bridge show a rate for engineering?
It shows a technical reference built from the risk factors the market rates on, labelled as a reference. India has been detariffed since 2007, so there is no published rate; the insurer's number is the quote, and Bridge's job is to make sure it was priced on complete information.
What about professional indemnity for design?
A construction programme usually needs it alongside CAR. Bridge structures the ask; Indian wordings and rating conventions for it are still being sourced, so no reference is shown.