The Erection All Risks Policy is a comprehensive insurance which provides complete protection against all types of risks involved in the erection of machinery, plant and steel structures of any kind.
On a broad scale, the Erection All Risks Insurance Policy covers any unforeseen and sudden physical loss or damage from any cause, other than those specifically excluded. Some of the covered risks are as under:
Under this section of the Policy, Insurer will indemnify the insured against legal liability for damages and claimant’s costs and expenses due to:
Occurrence during the period of insurance directly caused by the activities of the insured whilst performing duties on the project site as described in the policy schedule.