This policy is specifically designed to protect the interest of parties involved in a contract e.g. Principal / Contractors / Sub Contractors. The Erection All Risk Insurance is a comprehensive insurance which provides complete protection against all types of risks involved in the installation of machinery, plant and steel structures of any kind.
During the erection and installation of machineries, the risks involved are very high which can result into heavy damage to property and contribute to huge financial losses to principal/contractor. Apart from the contract works itself, the Principals Surrounding Property as well as Third Party Liability can be covered under this policy.
The policy can be taken either for individual projects or as Annual Policy to cover various projects within the parameters defined.
