ERECTION ALL RISK INSURANCE
ERECTION ALL RISK INSURANCE
Similar to a contractor’s all risk insurance, the erection all risks insurance covers all kinds of erection and testing on individual machine, industrial machinery, industrial plants, steel works and/or structure as well as third (3rd) party property and/or bodily injury arising in connection with the erection work. The cover may include civil engineering works, equipment for erection, removal of debris, professional fees and principal’s existing property.
This policy covers:-
- Material damage
- Covers against sudden and unforeseen physical loss or damage to contract or erection work/property/items
- Third-party liability Covers third party liability for which we shall become legally liable to pay as damages consequent upon
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