|
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.
|