Erection All Risk Insurance policy comprehensively covers these risks during the erection of Plant and Machinery. It includes physical loss or damage to property, plant and machinery, associated with storage, assembly/erection and testing of Plant and Machinery at the site, as well as third party liability related to work conducted on the site. This policy is very useful for principal or owners, contractors, and financiers because it provides coverage against loss or damage to property insured and third party liability claims.

• Provides Insurance cover for cover Plant and Machinery under erection.
• All Risk Cover - broadly covers the risks associated with storage, assembly/erection and testing of Plant and Machinery.
• Records the interest of Suppliers/ Manufacturers, Contractors, Subcontractors

All the Equipments/ property insured are exposed to some Perils/losses depending on the inherent nature of activities, on operational exposure & on the surrounding exposures

These Exposures can be broadly classified as under:

Any loss or damage, to any type of construction or erection work undertaken by under a contract, can be covered under the Project Insurance. Liability or Interest to take insurance can be either of Principal or Contractor depending upon the contract they have entered into.