All Risks

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.

Section 1 – Material Damage

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:

  • Fire, lightning, explosion, aircraft damage
  • Riot, strike, malicious act
  • Flood, inundation, storm, cyclone and allied perils
  • Landslide, subsidence and rockslide
  • Burglary and theft
  • Faults in erection
  • Human errors
  • Short circuiting, arcing, excess voltage
  • Electrical and mechanical breakdown
  • Collapse, damage due to foreign objects, impact damage

Section 2 – Third Party Liability

Under this section of the Policy, Insurer will indemnify the insured against legal liability for damages and claimant’s costs and expenses due to:

  • Accidental bodily injury and / or death of any third party
  • Accidental loss of or damage to property belonging to third party

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.

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