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Erection All-Risks Insurance

There are many challenges that can arise when constructing or installing new infrastructure. Our Erection All-Risks Insurance Policy is a comprehensive cover that offers you protection against all types of risks associated with erection of a building structure, testing and commissioning of machinery, plant and other equipment, including electric motors, during the construction stage of a project. And we mean all-risks! The policy also covers main and sub-contractors and financiers.

What It Covers

Duration

Protection with this policy begins from the arrival of the first consignment at the site, normal storage, erection, testing and until the plant is successfully commissioned and handed over.

Basis of Sum Insured

The insurance value should be for the contract price. The Sum Insured should not be less than the end value of a completely erected property inclusive of freight, customs duty, and erection cost.

Note

Particulars of cover and exclusions given above are not complete or exhaustive. For more details please call us on 0112 428 428 or visit one of our nearest branches.