Engineering insurance is a type of insurance policy wherein a wide range of risks related to engineering are covered. It is a comprehensive insurance policy that offers economic safeguard against risks faced by ongoing construction projects, installation projects, and machines and equipment in project operation.

Since this industry is about creating and designing, construction and building, there are increased chances of related accidents and perils. Thus, Engineering Insurance policy caters to different forms of uncertainties that are associated with on-site construction including plant and machinery usage.