Engineering insurance is a form of insurance designed to cater and offer **protection to owners or operators of construction sites** whose properties, plant & machinery may get affected due to **sudden, unforeseen & accidental losses** upon the occurrence of any insurable peril and/or by causes of sudden and accidental breakdowns not brought about by wear & tear.

This type of business insurance provides very broad cover for damage to **electrical and mechanical machinery** and can include engineering inspection—a statutory requirement for certain items of plant. This may also be referred to as **Machinery Breakdown** or **Plant All Risks** and will cover buildings, contracts, and more. Iran Insurance Co. (Bimeh Iran) proceeds to cover physical loss and damage by issuing different types of insurance policies in the field of All-risk Engineering Specialties.