Erection All Risks Insurance | Chubb NZ
Erection All Risks Insurance
Our product covers risks in erecting and installing electrical or mechanical plants and machinery.
Crafted by highly skilled underwriters who can customise your solutions, it’s the perfect plan for mechanical and electrical contractors, and also ideal for developers, manufacturers, and anyone involved in large and complex installations.
Coverage
Coverage
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
Areas of focus
- Power plant construction
- Oil and gas facilities
- Steel, aluminium, cement industries
- Bottling plants
- Pharmaceuticals
Interested in these Chubb policies?
Have a question or need more information?
Contact us to find out how we can help you get covered against potential risks