All services
Inquiry about services
Engineering Insurance: What It Covers and Why You Need It
Engineering Insurance protects construction projects, machinery, and equipment from unexpected risks like damage, theft, accidents, and machinery breakdown. It typically covers contractors’ all-risk, machinery breakdown, and delay in start-up insurance, offering financial protection to contractors and project owners.
This insurance is essential to avoid costly losses and keep your projects on schedule by minimizing downtime. With the right coverage, you can safeguard your valuable assets and gain peace of mind throughout the construction process.
Don’t risk delays or financial setbacks—understand why Engineering Insurance is a must-have for your business.
- Why Choose Us Section:
- Full Protection
- From collision to natural disasters
- Cashless Repairs
- Network of trusted garages
- Fast Claims
- 3-step process for quick settlements
- 24/7
- Customer Support
Coverage Policy
Our motor insurance is designed to give you complete peace of mind by protecting you and your vehicle from a wide range of risks and uncertainties. Here's what we cover:
- Accidental Damage
- Covers repair or replacement costs for your vehicle in case of collisions, whether you're at fault or not. This includes damage from minor dents to major accidents.
- Theft or Total Loss
- If your vehicle is stolen or damaged beyond repair, we provide compensation based on the insured declared value (IDV) to help you recover financially.
- Fire & Natural Calamities
- Protection against loss or damage caused by fire, explosions, earthquakes, floods, storms, lightning, and other natural disasters.
- Third-Party Liability
- Legally required coverage that protects you from financial liability if your vehicle causes injury, death, or property damage to a third party.
- Personal Accident Cover
- Provides financial support to the driver in case of accidental injury, disability, or death. Optional cover for passengers is also available.
- Towing & Roadside Assistance
- In case of breakdowns, we offer emergency roadside support, towing, battery jump-starts, flat tire service, fuel delivery, and more.
- Damage During Transit
- Covers your vehicle during transportation by road, rail, air, or inland waterways within the country.
- Key Replacement & Lock Protection (Optional Add-on)
- Reimbursement for the cost of replacing lost or stolen keys and lock repair/replacement services.
- FAQ Section:
What does Engineering Insurance cover?
Who needs this policy?
What are common exclusions?
How is premium calculated?
How to file a claim?
Notify within 24–48 hours
→ Submit photos, invoices, survey report
→ Surveyor assesses
→ Settlement in 10–20 days. Email: claims@icic.com.bd
Is there a waiting period?
No. Coverage starts immediately upon policy issuance.