Erection All Risks Insurance
- Individuals & Families
- Businesses
- Brokers
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Erection All Risks Insurance
What it covers
- Erection and/or installation of electrical or mechanical plant and machinery anywhere in the world
- Losses during the testing and commissioning period preceding hand-over, and damage during the contractual maintenance period
- Movement and re-erection of machinery along with the testing, commissioning and maintenance of installed machinery
- Breakdown and explosion during testing and commissioning
- Overseas contracts, subject to some territorial and environmental peril limitations
The standard insurance covers:
- Defective design under the LEG 2/96 wording
- Damage to installed equipment during maintenance visits
However, it can be extended to provide:
- Wider defective design cover
- Extended or ‘full’ or guarantee maintenance
Benefits
- Experience in underwriting various types of risks, from standard installation contracts to large scale power and energy plants
- Strong track record as the leading insurance of large and complex project contracts
- Capacity to cover contracts in many overseas territories
- Highly experienced risk engineers who can assist in risk management and reduction, while ensuring that standards are maintained during erection and installation works
Areas of focus
- Power plant construction
- Oil and gas facilities
- Steel, aluminium, cement industries
- Bottling plants
- Pharmaceuticals