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Erection All Risk Insurance
This is specially designed to provide compensation to the insured for any unforeseen loss or damage at the erection site
Erection All Risk Insurance
This is specially designed to provide compensation to the insured for any unforeseen loss or damage at the erection site during the installation and erection of plant, machinery and equipment.
This cover is usually effective from the inception of work or off-loading of materials on site until successful testing and commissioning of the machinery, equipment or plant. It provides similar cover like Contractor’s All Risk (CAR) Insurance policy against unforeseen and sudden physical loss or damage from any cause whatsoever, other than those specifically excluded. The insurance also includes a Third Party Liability cover against legal liability for damages as a consequence of the performance of the contract.
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