The Erection All Risks Insurance can protect your business against physical loss and damage during complex installation and assembly of electrical and mechanical parts.
This policy is designed to provide protection for contractors or business owners against losses or damages in respect of the erection works at contract site and third party claims arising in connection with the erection works.
Key Coverage
The policy provides coverages against:
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.
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