Engineering all risks insurance encounters difficulties in setting reasonable rates according to majority rule, and it is also hard to comply with the general insurance principles. A few factors contribute to the situation: high risks of engineering projects, large scale of differences in project uniqueness, and immense underwriting conditions. Due to frequent natural disasters and human-caused accidents, most international insurance companies attach endorsement clauses to limit damage compensation. In order to gain favor of the insurance company and the owner, and to avoid the loss of insurance, contractors have no choice but embracing the underwriting conditions and additional articles reluctantly. Therefore, contractors often need to increase the deducible insurance to lower the rate. Even though efforts are made to improve the situation, endorsement clauses to limit coverage began to emerge as replacements. In fact, there are many difficulties for engineering when it comes to the height of material storage; the multiplied deducible also cuts back on security of rights of the insured. Many additional articles are also found to be avoiding major risks of the project. The discussion will circulate about some common endorsement clauses in the policy and go further into details of rates, deducible, additional articles, and content of the policy which have the most effects on the insured.