Erection All Risk
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.
Find The Allied Perils Below
Riot Strike Damage
Riot & Strike is a loss of or damage to property insured directly caused by Act of any person taking part together with others in any disturbance of public peace
Malicious damage
It covers damage other than by Fire maliciously cause by persons which are not strikers or locked out workers and who are not taking part in any disturbance of the public peace
Earthquake (Fire & Shock)
Loss or damage (including loss or damage by Fire) to any of the property insured occasioned or by through or in consequence of earthquake excluding flood overflow
Atmospheric Disturbance damage
Loss or damage directly caused by storm, Cyclone, Typhoon, tempest, Hurricane, Tornado, Flood and inundation
Impact damage
The loss or damage cause to the insured property occasioned by impact with any road vehicle (the vehicle should not belong to or under control of the insured)
Aircraft damage
It covers loss or damage to the property insured (by fire or otherwise) directly caused by Aircraft other aerial devices and/or articles dropped
Explosion
Loss or damage to the property directly caused by Explosion.
Section 1 – Material Damage
This section of the Policy provides cover against a wide range of perils. Some of the covered perils are:
- Fire, lightning, explosion, aircraft damage
- Riot, strike, malicious act
- Flood, inundation, storm, cyclone and allied perils
- Landslide, subsidence and rockslide
- Burglary and theft
- Human errors
- Short circuiting, arcing, excess voltage
- Collapse, damage due to foreign objects, impact damages
- Electrical and Mechanical breakdown
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
