Erection All Risk Insurance Policy

Erection All Risk Insurance Policy

Erection All Risk Insurance Policy

Erection All Risk Insurance Policy

Erection All Risk Insurance Policy cover pertaining to projects during

  •  Storage
  •  Erection
  •  Testing
  •  Commissioning

All perils unless specifically excluded under the policy

The policy does not cover

  •  Loss or damage due to faulty design, defective material or casting and bad workmanship
  •  Cost of rectification or correction of any error during erection not resulting in physical loss
  • Damage to files, drawings, accounts and bills
  •  Scratching of painted or polished surface, breakage of glasses, aesthetic defects
  •  War and nuclear perils, consequential losses
  •  Wilful act / negligence, loss discovered at the time of taking inventory, normal wear and tear
  •  Penalties for non-fulfillment of contractual obligations, operational deficiencies
  •  Costs of any alterations, additions and / or improvements after a claim
  •  Third Party liability, contractual liabilities
  •  Accidents caused by road, water and air borne vehicles

Ask for Callback

Posted in General Insurance.

Leave a Reply

Your email address will not be published. Required fields are marked *