Erection All Risks Insurance

Engineering Insurance

Product Overview

Erection All Risks Insurance safeguards your business against physical loss and damage during the installation and assembly of electrical and mechanical parts.

This policy is intended to protect contractors and business owners from losses or damages related to erection works at the contract site, as well as third-party claims arising from these activities.

Key Coverage

This policy offers coverage
for the following basic perils

Section I - Material Damage

This section of the insurance covers the erection works of the insured against any sudden and unforeseen physical loss or damage from fire, lightning, collapse, collision, impact, malicious damage, theft/burglary, flood, windstorm, subsidence & landslide and any other causes unless specifically excluded.

Section II - Third Party Liability

This section of the insurance covers the liability of the insured against any liability in respect of third party bodily injury or property damage arising out and in the course of the construction works upon; • Accidental bodily injury or illness to third parties • Accidental loss of or damage to property belonging to third parties Occurring in direct connection with the construction works and happening on or in the immediate vicinity of the site during the period of insurance.