Introduction to engineering insurance, what types of engineering insurance are included

Engineering insurance refers to a kind of property insurance that mainly underwrites various engineering projects. Generally speaking, traditional engineering insurance only refers to construction insurance and installation insurance, but after entering the 20th century, various scientific and technological projects have developed rapidly and have become an increasingly important business in the engineering insurance market**.

The types of engineering insurance include: construction engineering insurance, installation engineering insurance, and science and technology engineering insurance. Construction insurance covers all kinds of construction projects, that is, all kinds of civil, industrial and public utilities construction projects, such as houses, roads, bridges, ports, airports, dams, roads, entertainment venues, pipelines and various municipal engineering projects, etc., can be insured for construction engineering insurance.

Engineering insurance is divided into compulsory insurance and voluntary insurance. The so-called compulsory insurance is the type of insurance that the parties to the project must insure in accordance with the provisions of the law, but the policyholder can choose the insurance company independently. Voluntary insurance is an insurance that you voluntarily participate in according to your own needs, and the scope of claims or benefits and insurance conditions are determined by the policyholder and the insurance company according to the insurance contract signed.

Engineering insurance includes engineering insurance, construction engineering insurance, and installation engineering insurance, which are divided into two types of insurance: compulsory and voluntary.

The so-called compulsory insurance refers to the insurance that the parties to the project must take out according to the law, but the insured can choose the insurance company independently. Voluntary insurance is insurance that is voluntarily purchased according to the needs of the individual. The scope of claims or payments and the terms of insurance are determined by the insured and the insurance company in accordance with the signed contract.

Construction insurance covers all kinds of construction projects, that is, all kinds of civil, industrial and public utilities construction projects, such as houses, roads, bridges, ports, airports, dams, roads, entertainment venues, pipelines and various municipal engineering projects, etc., can be insured for construction engineering insurance. The history of engineering insurance is much shorter than that of fire insurance in property insurance, and it can be said that it is a new member of the family of property insurance.

Engineering insurance includes life insurance and property insurance, that is, insurance for construction projects, installation projects, science and technology projects and other engineering parts. Engineering insurance can also include basic endowment insurance, basic medical insurance, work-related injury insurance, unemployment insurance, etc.

[Legal basis].

Article 10 of the Social Insurance Law of the People's Republic of China.

Employees shall participate in the basic endowment insurance, and the employer and the employee shall jointly pay the basic endowment insurance premiums.

Article 23.

Employees shall participate in the basic medical insurance for employees, and the employer and the employee shall jointly pay the basic medical insurance premiums in accordance with the provisions of the state.

Article 33.

Employees shall participate in work-related injury insurance, and the employer shall pay work-related injury insurance premiums, and employees shall not pay work-related injury insurance premiums.

Article 44.

Employees shall participate in unemployment insurance, and the employer and the employee shall jointly pay unemployment insurance premiums in accordance with state regulations.

Article 12 of the Insurance Law of the People's Republic of China.

The policyholder of life insurance shall have an insurable interest in the insured at the time of the conclusion of the insurance contract. The insured of property insurance shall have an insurable interest in the subject matter of insurance at the time of the occurrence of an insured event. Life insurance is insurance that takes a person's life and body as the subject of insurance.

Property insurance is insurance that takes property and its related interests as the subject matter of insurance. The insured refers to the person whose property or person is protected by the insurance contract and has the right to claim the insurance money. The policyholder can be the insured.

Insurance interest refers to the legally recognized interest of the policyholder or the insured in the subject matter of insurance.

Works Insurance. 4 categories: property insurance, liability insurance, guarantee insurance, and life insurance.

There are 8 types of insurance.

All risks for construction work.

All risks for installation works; contractor's machinery and equipment insurance; Third Party Liability Insurance.

professional liability insurance; Employee Inspector Liability Insurance.

engineering quality insurance; Personal Accident Insurance.

Among them, all risks for construction projects and all risks for installation projects are the main types of insurance;

Contractor's machinery and equipment insurance can be taken out separately or in addition to all risks for construction and installation.

Third party liability insurance is generally not insured separately, and is generally attached to all risks for construction projects and all risks for installation works or other types of insurance.

Professional liability insurance is insurance for property or personal damage caused by mistakes or mistakes made by professional engineers in the course of their work.

Project quality insurance is to insure the buildings that have been completed and put into use.

Employer's liability insurance covers the financial liability that the employer may incur to the employee.

Personal accident insurance is provided to employees in the construction industry.

Further information] The main features of construction insurance include:

1) Wide coverage. Traditional property insurance only covers the material subject, while construction insurance not only covers the material subject, but also covers the liability object, and underwrites the clean-up costs after the occurrence of the insured accident, which is a comprehensive insurance.

2) Wide range of insureds. Insureds may include: owners or project owners; insurers or subcontractors; technical consultants, etc.

3) The duration of the insurance varies. Traditional insurance usually has a one-year coverage period and can be renewed at the end of the term; The insurance period of construction insurance is generally calculated according to the construction period, which is from the start of the project to the completion of the project. Especially for large-scale projects.

Some of the projects are constructed and delivered in phases, so the duration of each project is one after the other, and there are long and short.

We can know that the engineering insurance mainly has four friends, and then can be subdivided into eight categories, and the main body of responsibility for the project can choose to purchase the appropriate type of insurance according to the actual situation. In order to ensure that the insurance company will be liable in the event of an accident, the policyholder must truthfully inform the actual situation.

Engineering insurance: Engineering insurance is an insurance that covers all accidental material losses and economic compensation liabilities to third parties during construction and installation projects. It includes all risks for construction projects and all risks for installation projects, which is a comprehensive insurance.

The subject matter of insurance is the main body of the project, the machinery and equipment used in the project and the liability of the third party, in addition to some incidental items. The insurance liability is due to floods and heavy rains during the construction period.

** and other natural disaster losses; Fire; **, flying objects falling and other accidental losses; man-made losses such as theft, malicious acts, etc.; Raw material defects, process defects and other engineering accident losses, as well as compensation liability to third parties. There is a deductible in engineering insurance.

with limits of indemnity.

Summary. There are 4 categories of engineering insurance: property insurance, liability insurance, guarantee insurance, and life insurance.

There are 4 categories of engineering insurance: property insurance, liability insurance, guarantee insurance, and life insurance.

The specific types of insurance are: 8 types: 1) construction project all risks: 2) installation and hail engineering all risks, 3) contractor's machinery and equipment rollover insurance, 4) third party liability insurance, 5) professional liability insurance, 6) employer's liability insurance, 7) project quality insurance, 8) personal accident insurance.