The Erection All Risks insurance is designed to cover engineering projects involving erection, installation, testing and commissioning of electrical or mechanical equipment. The Erection All Risks insurance provides coverage against :
- Material damage to work under erection.
- Damage and loss to contractor's plant, machinery and equipment.
- Damage to Principal's existing property.
- Damage to Third party property and/or bodily injury arising in connection with the erection work.
This policy provides coverage for the duration of erection work including testing/commissioning (except for used machines).
Interest / Person Insured
Insured parties include:
- Main Contractor
- Manufacturer/supplier of machinery or plant if they carry out the erection work
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