Erection All Risks / Storage- cum - Erection Insurance

The Policy offers

1. Storage
2. Erection
3. Testing
4. Commissioning

all perils unless specifically excluded under the policy

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

1. Express freight, air freight, additional customs duty, testing period extensions
2. Contractor's Plant and Machinery equipment upto sum insured of Rs. 25 lakhs or 5% of EAR/SCE sum insured whichever is lower
3. Storage risk at the fabricators premises/workshop
4. Expenses towards clearance and removal of debris
5. Cross liability, civil works, surrounding property coverage
6. Escalation upto 50% of EAR/SCE sum insured.
7. Earthquake
8. Damages during maintenance period
9. Liability of principals, contractors as well as subcontractors Transit of project materials from suppliers to the site, additional transits to/from fabricators, makes this cover seamless