Insurance for Construction & Engineering

Insurance for Construction & Engineering Companies

Construction is the most insurance-intensive industry in Singapore. MOM requires WICA for every worker. BCA and HDB require CAR policies on every project. Main contractors require subcontractors to carry PL coverage. Without the right insurance, you literally can't operate.

But compliance is just the starting point. A worker falls from height and the claim costs $150,000. A storm damages $500,000 of completed works. Piling vibrations crack a neighbouring building's foundation. These aren't rare events — they're regular occurrences on Singapore construction sites. The question isn't whether something will go wrong, but whether you're covered when it does.

Common Risks

Worker safety incidents. Construction accounts for the most workplace deaths and injuries in Singapore every year. Falls from height, struck-by incidents, and machinery accidents are the leading causes. WICA is mandatory, but getting the right coverage limits — and an insurer who processes claims quickly — matters just as much as having the policy.

Damage to contract works. A fire on a half-finished building. Flood damage to earthworks. Accidental destruction of installed M&E systems. Damage to works in progress is a major financial exposure. CAR insurance covers the reinstatement cost — materials, labour, and professional fees to get back on track.

Neighbouring property damage. Piling, excavation, demolition, and heavy vehicle movements regularly affect adjacent structures. Cracks in neighbouring buildings, subsidence, and damage to underground services are common. Public liability coverage with adequate limits is essential — and it's usually the first thing a main contractor checks.

Equipment and plant breakdown. Cranes, excavators, generators, scaffolding — when critical equipment breaks down, your project stops. Plant and machinery insurance covers repair or replacement costs, and business interruption cover addresses the revenue impact.