One starting point for contractors, owners & industrial operators

Whether you are constructing a new facility, installing a production line, protecting working machinery, or managing completed infrastructure, the first step is to match the technical exposure to the right engineering class.

Our engineering insurance service supports contractors, project owners, investors, industrial operators, and international clients seeking placement through Iranian insurance companies. You can start remotely with a description of the project or assets—even if you have not selected CAR, EAR, MB, EE, CPM, or another class.

Why consider an Iranian insurer for engineering risks in Iran?

For a project or operating asset located in Iran, insurance arranged with an appropriately authorized Iranian insurer can offer a practical local foundation. The aim is to align the policy with the actual project, applicable requirements, and claims process—not simply to obtain a certificate issued abroad.

Compare the proposed Iranian cover with your existing international programme. Local issuance does not automatically mean broader cover, lower cost, or guaranteed payment; overseas cover may still have a role where legally permitted. Confirm the final structure, insurer authorization, and any local insurance obligations before work starts.

Which engineering cover should you explore?

These are starting points for review, not a substitute for the insurer’s classification or the issued wording.

Match the insurance to the project lifecycle

Engineering insurance should follow what is being built, installed, tested, or operated—not simply the project’s title. Construction works, technical installation, mobile plant, operational machinery, and completed infrastructure can require different policies and handover arrangements.

We help international clients organize the risk information, identify relevant classes, and coordinate insurance placement discussions through the appropriate Iranian insurance channel. Final acceptance and protection depend on the responsible entity’s authority, insurer terms, and issued documents.

Explore engineering insurance categories

Choose the class that matches the asset and project stage. Each card links to a relevant service page. An all-risks label does not remove exclusions or replace agreed limits.

Construction, installation & project plant

Contractors All Risks (CAR)

For construction projects such as buildings, roads, bridges, tunnels, and infrastructure. Review insured works, project values, third-party liability, and any maintenance-period provisions.

Erection All Risks (EAR)

For machinery assembly, plant installation, process equipment, and technical systems. Agree testing duration, handover points, third-party liability, and any maintenance extension in writing.

Contractors’ Plant & Machinery (CPM)

For equipment such as excavators, cranes, loaders, and other declared contractors’ plant. Review ownership, operating sites, movement, insured values, and exclusions.

Machinery, electronics & specialist operations

Machinery Breakdown (MB)

For sudden and unforeseen physical damage affecting installed machinery, subject to the insured cause and wording. Routine wear, known defects, and lost production should not be assumed covered.

Electronic Equipment (EE)

For declared electronic assets such as control systems, servers, telecom equipment, and monitoring devices. Data-media and increased-cost sections require express review.

Boiler & Pressure Vessel Insurance

For boiler and pressure-vessel exposures. Confirm the insured equipment, inspection requirements, covered events, and treatment of damage to surrounding property or liability.

Deterioration of Stock (DOS)

For stock deterioration associated with refrigeration machinery damage under the agreed structure. Check machinery-breakdown prerequisites, temperature records, stock values, and applicable conditions.

Completed infrastructure & energy assets

Civil Engineering Completed Risks (CECR)

For specified completed civil structures such as bridges, roads, dams, tunnels, and water infrastructure. Review the covered perils, repair-cost basis, declared assets, and exclusions.

Rig Insurance

For drilling assets requiring a coordinated review of rig damage, machinery, liability, mobilization, and marine interfaces where relevant. Geographic scope and specialist conditions require insurer acceptance.

Close the gaps between transit, testing, and operation

• Before arrival: review cargo transport, customs storage, and unloading rather than assuming engineering insurance includes the complete transit.
• During construction or erection: confirm the declared works, insured parties, adjacent property, testing period, and third-party liability section.
• At handover: agree when construction or erection cover ends and operational machinery, property, or completed-risk cover begins.
• For financial losses: ask specifically about delay in start-up or business interruption; neither is automatic under physical damage protection.

Review cargo insurance, liability insurance, and property insurance as distinct but coordinated parts of the programme.

Prepare an underwriting-ready submission

• Contract or letter of award, project scope, and relevant insurance obligations.
• Itemized project or equipment schedule and value breakdown.
• General site layout, location information, and surrounding exposures.
• Project dates, construction and installation phases, testing programme, and handover plan.
• Completed proposal form and the policyholder’s written request.
• Technical condition, maintenance, safety arrangements, prior loss history, and requested limits where relevant.

Start with documents required for engineering insurance and the all-risk engineering request forms. The underwriting documents guide provides related submission guidance.

Related project and risk guidance

All-risk and liability coordination — Review physical damage and legal liability as separate sections.

Commissioning, testing and operation — Plan the transition between project and operational exposures.

Insurance for refineries — Consider engineering interfaces in industrial process projects.

Oil, gas and petrochemical — Review energy-specific operational and project exposures.

Engineering claims support — Read related claims service information.

Reinsurance — Consider placement structure and capacity for complex risks.

Frequently asked questions

Request an engineering insurance review

Send the project or equipment description, location, values, work schedule, contract requirements, and requested insurance period. We can help identify the appropriate class and next underwriting information.

An inquiry or quotation is not confirmation of cover. Obtain written binding and check insured parties, assets, locations, dates, values, limits, deductibles, exclusions, and endorsements. General guidance only; legal, regulatory, sanctions, and payment requirements need case-specific review.