This insurance offers comprehensive and adequate protection against all the risks involved in the erection of machinery, plant and steel structures of any kind as well third party claims arising from execution of the project.
The manufacturer or supplier is solely responsible for the loss or damage while they are installing, testing and commissioning until handing over to the owner. Erection all risks cover provides comprehensive insurance as the machinery is exposed to many perils. It gives adequate protection for all risks involved in the erection of machinery, plant and steel structures of any kind including third party claims in respect of property damage or bodily injury arising out of or in connection to the execution of an erection project.
This insurance offers comprehensive and adequate protection against all the risks involved in the erection of machinery, plant and steel structures of any kind as well third party claims arising from execution of the project
The manufacturer or supplier is solely responsible for the loss or damage while they are installing, testing and commissioning until handing over to the owner. Erection all risks cover provides comprehensive insurance as the machinery is exposed to many perils. It gives adequate protection for all risks involved in the erection of machinery, plant and steel structures of any kind including third party claims in respect of property damage or bodily injury arising out of or in connection to the execution of an erection project. The sum insured (contract price) is the machinery’s new replacement value which includes freight, custom dues, erection and testing costs, etc
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