Erection All Risk Insurance Services
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Provides cover for storage, assembly/erection, and testing and commissioning for the following activities, unless specifically excluded:
Setting up of a new project or individual machines
Expansion of an existing project
Dismantling and re-erection of an existing facility
The interests of suppliers, manufacturers, contractors as well as subcontractors can be included in the policy. The cover begins from the time of unloading of the first consignment at the project site and terminates on completion of testing or handing over of the project to the principal, or the period chosen, whichever is earlier.Standard Exclusions:
Policy does not cover loss or damage due to faulty design, defective material, bad workmanship
Wilful act or wilful negligence
War and nuclear risks
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