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.
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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.
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The policy can be taken either for individual projects or as Annual Policy to cover various projects within the parameters defined.