Erection All Risk Insurance Services

Provides cover for storage, assembly/erection, and testing and commissioning for the following activities, unless specifically excluded:

• Setting up of a new project or individual machines
• Expansion of an existing project
• Dismantling and re-erection of an existing facility

The interests of suppliers, manufacturers, contractors as well as subcontractors can be included in the policy. The cover  begins from the time of unloading of the first consignment at the project site and terminates on completion of testing or handing over of the project to the principal, or the period chosen, whichever is earlier.

Standard Exclusions:

• Policy does not cover loss or damage due to faulty design, defective material, bad workmanship
• Wilful act or wilful negligence
• War and nuclear risks