Official Insurance Guidance for International EPC Business
🏗️ How International EPC Contractors Can Arrange Insurance for Projects in Iran
International EPC contractors entering Iran usually need a structured insurance plan before project execution starts. In most cases, tender obligations, contract conditions, shipment activity, site work, erection risks, testing phases, liability exposures, and asset values all need review together. Therefore, a coordinated local insurance arrangement is far more effective than arranging isolated policies later.
We are a complex of licensed agency company of Iran Insurance and an insurance intermediary of Iranian insurance companies. Accordingly, we can arrange and issue all kinds of insurance policies from Iranian insurance companies for EPC, EPCF, industrial, infrastructure, marine, aviation, oil, gas, petrochemical, and energy projects in Iran.
📌 Distinct angle of this page
This page does not repeat a general list of Iranian insurance services. Instead, it explains the practical arrangement path for international EPC contractors that need insurance support before engineering, procurement, construction, shipment, installation, commissioning, or handover begins in Iran.
As a result, the content is more useful for project directors, contract managers, risk managers, brokers, and international commercial teams that need a direct and reliable process rather than a general overview.
👥 Who this service is for
- International EPC and EPCF contractors
- Main contractors and specialist subcontractors
- Power, refinery, petrochemical, and oil & gas project teams
- Industrial plant, infrastructure, and utility developers
- Marine, offshore, vessel, and shipyard-related contractors
- Aviation operators and aircraft project stakeholders
- Foreign suppliers shipping machinery, steel, modules, or project cargo to Iran
✅ What we do
- Review project profile, contract scope, and planned activities in Iran
- Identify the policy classes typically required for EPC operations
- Coordinate underwriting information and questionnaires
- Arrange and issue local policies from Iranian insurance companies
- Support specialized placements for engineering, cargo, liability, marine, aviation, and energy risks
- Help align local coverage with project obligations and operational realities
🧭 How EPC contractors usually arrange insurance for projects in Iran
For EPC contractors, insurance arrangement should begin early. First, the project structure must be understood. Then, shipment methods, site activities, erection exposures, testing schedules, third-party risk, property values, and sector-specific obligations should be mapped together. Consequently, a practical insurance structure can be arranged with fewer delays.
Step 1
Share the EPC contract scope, employer requirements, and project timeline.
Step 2
Review the insurance classes likely needed before procurement, shipment, and site work.
Step 3
Prepare underwriting data, values, routes, project phases, and operational details.
Step 4
Coordinate placement with Iranian insurance companies based on the class of risk.
Step 5
Issue the required policies before mobilization, erection, testing, or handover stages.
📦 What the service includes for EPC projects
Insurance requirement review for engineering, procurement, construction, and commissioning phases
Local policy arrangement and issuance support through Iranian insurance companies
Cargo and project shipment support for imported equipment and materials
Engineering and liability structure review for contractors and project owners
Support for energy, offshore, aviation, and ultra-scale project classes when relevant
Request-form coordination for faster underwriting and clearer next steps
📘 Types of policies and support available for international EPC contractors
EPC projects usually combine several exposures. Therefore, policy planning should follow project reality rather than a generic checklist. The following classes are commonly relevant:
| Policy Class |
Why it matters |
Typical EPC relevance |
| Contractors’ All Risks (CAR) |
Covers physical loss or damage during construction activities |
Civil works, building, industrial construction |
| Erection All Risks (EAR) |
Supports installation and erection phases, including testing exposures where applicable |
Plant erection, turbines, mechanical systems, steel structures |
| Marine Cargo Insurance |
Protects project cargo, machinery, modules, and imported materials in transit |
International procurement and logistics |
| Third-Party / Public Liability |
Addresses legal liability arising from project operations |
Site activity, external parties, operational risk |
| Property and Machinery Cover |
Supports project assets, workshops, depots, and operational equipment |
Temporary facilities and owned assets in Iran |
| Automobile Insurance |
Important when project fleets or site vehicles operate locally |
Transport, supervision, and site logistics |
| Travel and Personnel Cover |
Supports foreign experts, executives, and project visitors |
International staff movement |
| Oil, Gas and Energy Insurance |
Relevant where project risk involves energy facilities, pipelines, offshore works, or petrochemical operations |
Onshore, offshore, refinery, gas compression, power projects |
| Reinsurance Support |
May be relevant for high values, layered structures, or complex projects |
Ultra-scale industrial and infrastructure projects |
🌍 Why international EPC contractors use this service
International contractors usually need local cover that reflects Iranian project conditions, contract demands, shipment routes, engineering phases, and operational exposures. Therefore, they use this service to obtain a practical and coordinated insurance structure.
- To arrange local cover before project execution begins
- To align insurance with contract and employer requirements
- To reduce delays in mobilization and shipment planning
- To support complex engineering and liability needs clearly
- To secure specialist support for large or sensitive projects
⚓ Specialized policy classes when relevant
Some EPC projects include marine, offshore, vessel, port, or aviation exposures. In such cases, specialized classes may be essential. Accordingly, we can help arrange support for:
- P&I (Protection & Indemnity) for marine liability exposures
- H&M (Hull & Machinery) for vessel hull and machinery risks
- Marine cargo for modules, machinery, and project shipments
- Vessel and aircraft classes for relevant operational structures
General EPC project inquiry
If your company is preparing an EPC project, tender submission, or mobilization in Iran, contact us for a structured review of the likely insurance requirements.
Contact Us
Engineering, cargo, marine, and energy risks
If your EPC project includes cargo, erection, offshore, vessel, aviation, refinery, or energy exposures, send the risk details for specialized insurance review.
View Insurance Services
Proceed with the request forms
If the project class is already known, use the relevant forms to move underwriting and policy arrangement forward more efficiently.
Request Forms
🔗 Related internal links
❓ Frequently Asked Questions
1. Can international EPC contractors obtain insurance for projects in Iran through local insurers?
Yes. International EPC contractors can arrange project-related coverage through Iranian insurance companies, subject to underwriting review, project details, and the type of risk involved.
2. What is the first step for arranging EPC project insurance in Iran?
The first step is to share the project scope, contract structure, timeline, location, shipment profile, and major values. Then, the likely insurance classes can be reviewed more accurately.
3. Which insurance policies are commonly relevant for EPC contractors in Iran?
Common classes include Contractors’ All Risks, Erection All Risks, marine cargo, liability, property, machinery, automobile, travel, and where relevant, oil and gas, aviation, vessel, or reinsurance-related support.
4. Why should EPC contractors arrange insurance before mobilization?
Early arrangement helps reduce project delays, supports contractual readiness, clarifies documentation needs, and lowers the risk of gaps during procurement, shipment, erection, testing, and construction stages.
5. Can you arrange all kinds of insurance policies from Iranian insurance companies?
Yes. When relevant to the project, we can arrange and issue all kinds of insurance policies from Iranian insurance companies for engineering, cargo, liability, property, energy, vessel, aircraft, automobile, travel, and related classes.
6. Is marine cargo insurance important for EPC projects in Iran?
Yes. Marine cargo insurance is often essential because EPC projects frequently involve imported machinery, equipment, steel structures, modules, spare parts, and other project shipments moving into Iran.
7. What is the difference between CAR and EAR for EPC projects?
CAR usually relates more directly to construction and civil works, while EAR generally focuses on erection and installation exposures. However, the exact structure depends on the project design and scope of works.
8. Do EPC contractors in oil and gas projects need specialist cover?
In many cases, yes. Oil, gas, petrochemical, offshore, and energy projects often involve specialist risk features, higher values, and more complex operational exposures. Therefore, the insurance structure should be reviewed carefully.
9. Can you support vessel-related or offshore EPC activities?
Yes. When the project includes vessel, offshore, marine logistics, or shipyard activity, specialized marine support may be relevant, including P&I and H&M where appropriate.
10. Is liability insurance necessary for foreign EPC contractors in Iran?
In many projects, yes. Liability protection is important because it addresses potential legal responsibility to third parties arising from project work, site operations, damage, or related activity.
11. What information should be prepared before requesting quotation or placement support?
It is helpful to provide a project summary, employer requirements, scope of works, timeline, values, shipment details, site location, equipment information, and any known contractual insurance obligations.
12. Can you assist with ultra-scale or multi-layered industrial insurance programs?
Yes. Large industrial and infrastructure projects may require broader placement planning and, in some situations, reinsurance-related support. The practical structure depends on value, complexity, and sector.
13. Why do international EPC contractors choose an intermediary approach for Iranian project insurance?
Because an intermediary approach helps review the project more carefully, identify relevant local cover classes, coordinate underwriting information, and arrange a more suitable insurance structure through Iranian insurance companies.
📚 Official and informational references
For general background reading on investment, trade, customs, and project-related economic context, international clients may also review official or institutional sources.
Conclusion
International EPC contractors should arrange insurance for Iranian projects as early as possible. Because engineering, cargo, liability, property, testing, and sector-specific exposures are often connected, a coordinated structure is more reliable than a late-stage patchwork approach.
If your company is preparing to bid, mobilize, ship equipment, or execute an EPC project in Iran, we can review the project profile and help arrange the relevant insurance solutions through Iranian insurance companies in a direct, formal, and commercially practical way.