This is concerned with erection of electrical/ mechanical plant, machinery, equipment and structures involving no or very little civil engineering work. The manufacturer or supplier is solely responsible for the loss or damage while they are installing, testing and commissioning until handing over to the owner. Erection all risks cover provides comprehensive insurance as the machinery is exposed to many perils. It gives adequate protection for all risks involved in the erection of machinery, plant and steel structures of any kind including third party claims in respect of property damage or bodily injury arising out of or in connection to the execution of an erection project.

This policy is for the plants and Machinery used for enabling construction activities. Racing against time, your plant and machinery are working to full speeds and capacities on your project sites. While your sights are set on task completion before the timelines, there are risks like work accidents, collision, overturning, fire, theft, burglary and also natural hazards such as earthquake and flood.

This is a comprehensive insurance policy for your construction equipment deployed at project sites. The policy is basically meant for unforeseen and accidental physical loss or damage to equipment due to external causes on all risks basis but excluding internal breakdowns. The equipment could be at work or at rest, and the policy also covers the machinery while it is dismantled, re-erected or shifted within the project premises but after successful commissioning only. Examples of plant and machinery which can be insured under this policy are given below:

All the equipment (computer system and its peripheral as well as auxiliary equipment) are susceptible to damage or breakdown. The insurance herein therefore takes care of loss or damage to such properties. The policy covers sudden and unforeseen physical loss or damage necessitating repair or replacement. It includes but not limited to electrical and mechanical damage, impact damage, negligence, burglary, fire and special perils.

This insurance looks at the actual loss of Gross Profits due to business interruption occasioned by an event covered under machinery breakdown insurance (Sudden and unforeseen damage including breakdown to plant and machinery). When a key item of the machinery breaks down, the insured is faced with expensive costs of repairs. The interruption of the business makes the insured incur huge losses. This insurance seeks to make good the loss suffered by the insured.

This insurance covers:

This insurance also referred to as Boiler Explosion Insurance.

Liability caused by the explosion or collapse of any boiler or pressure vessel whilst in the course of ordinary working.

This covers boiler & pressure vessels explosion or collapse in the course of ordinary working and seeks to indemnify the insured against: