Policy Summary
Provides cover to the contractor for loss or damage to mechanical and electrical works from insured perils that may occur during the course of erection of plant or machinery (in factories), tanks, generators etc.
Client profile
This policy is suitable for:
- Engineering firms involved in major electrical and machinery installation
- Businesses or companies erecting a new industrial plant
- Companies engaged in the installation and maintenance of plant and machinery
In order to place an Erection All Risks insurance Policy, the client will need to provide the following details:-
- Description of Erection works and value of the works.
- Physical location of the erection works
- Specification and value of plant or machinery being installed
