Erection All Risks Insurance
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).