Engineering

Construction and breakdown insurance is complex in nature, throws up challenges of varying degrees.  INTERLINK with their hands on experience of placement and claims handling is well positioned as the best partner.

Engineering

Engineering insurance policies are issued to cover risks associated with both Constructions as well as in the Operational phase. The basic construct is to offer comprehensive and adequate protection against loss or damage in respect of the contract works, construction plant, equipment, and machinery, as well as against third-party claims in respect of property damage or bodily injury arising in connection with the execution of a construction project.

Understandably, this is one of the critical support systems for infrastructure development and other such major industries. Policies range from simple Electronic equipment insurance for desktops to Breakdown cover for major power plants to Contractors All Risks Policy for infrastructure development.

OUR VALUE PROPOSITION

We evaluate the risk to understand whether this has to be owner-driven or contractor-driven or a combination of both. Based on the findings, our team would structure the most contemporary insurance solution at a competitive price.
Many of the construction policies could opt for Advanced Loss of Profit insurances, which would demand ongoing project monitoring. (To work out Insured losses vs Uninsured losses)
Bespoke policy wording based on the coverage available in the domestic as well as the international markets.
Facilitating timely claims settlement.