Erection All Risk

This 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.

The Erection All Risks insurance provides a comprehensive insurance solution covering wide range of risks to which a project work is exposed to, starting right from arrival of material at site till successful testing and commissioning of the project. This policy is extremely useful for Principal owners, contractors, consulting engineers, architects and financiers because it contributes to reducing the overall construction and erection expenses.

This is an ‘All Risk’ policy covering sudden and unforeseen physical damage to projects under erection insured by any cause or peril not specifically excluded under the policy and resulting during the course of:





Contractor’s All Risk

Contractor’s All Risks Insurance that covers civil construction projects above or below ground such as residential and office buildings, hospitals, schools, theatres, roads, railways, bridges, tunnels, airports, dams, weirs, irrigation and drainage facilities, canals and ports. In addition the following will also be covered

Preparatory work at the construction site such as site facilities, excavation and levelling work and temporary structures (e.g. access roads, diversion canals and protective embankments)

Any materials to be used in the construction work stored at the site

Any materials to be used in the construction work stored at the site

All parties involved in any way in the construction may be insured:

  • Contractors
  • Firms commissioned to carry out the work, including subcontractors
  • The purchaser or owner
  • Parties financing the project

This is an ‘All Risk’ policy covering sudden and unforeseen physical damage to civil projects under construction insured by any cause or peril not specifically excluded under the policy. Important Perils which will be covered include:

Fire and Allied Perils

Flood, storm, tempest & cyclone

Earthquake, fire & shock


Water Damage for Wet Risks

Faults in erection/ construction

Human errors, negligence

Machinery Breakdown Cover

  • Machinery Breakdown policy is an ideal cover for all kinds of plant and machinery, to cover cost of repairs or replacement of damaged parts as a result of unforeseen and sudden physical damages.

    The cover offers protection to the insured machinery whilst at work or at rest. Also it provides coverage when they are being dismantled for the purpose of cleaning, inspection and overhauling or removal to another position or in the course of their operations or subsequent re-erection, provided these are performed in the same premises.

    The following major electrical and mechanical breakdowns risks, faced by plant and machinery, are covered by this policy:

Short circuiting, excess voltage & electrical arcing

Faulty design, faulty material and faulty casting (manifesting after warranty period)

Abnormal operating conditions

Carelessness and lack of skill in the operation and maintenance of machinery

Entry of foreign bodies

Falling, Impact, Collision etc

Bursting or disruption of turbines, compressors, cylinders of steam engines, hydraulic cylinders or fly wheels or other apparatus subject to centrifugal force, internal pressure.

Electronic Equipment Cover

The Electronic Equipment Insurance Policy mainly provides protection against unforeseen events leading to breakdowns and physical damages to electronic equipment installed in an industry.

The policy provides coverage against unforeseen and sudden physical loss or damage to the electronic equipment and data media that occurs owing to perils other than those specifically excluded. There are three sections providing the desired coverage :

Section I: Material damage (equipment)

Section II: External data media, including data stored thereon

Section III: Increased cost of working resulting from accidental loss and/or damage to the electronic equipment covered under section I.

Contractor’s Plant and Machinery

Every Project need complete protection against potential loss. Especially the contractors Plant and Machineries used at Project sites are exposed to host of risks which can put a break in your Project implementation, causing financial burden and stress.

The policy covers sudden, accidental, external damage to the insured machinery due to any cause other than those specifically excluded in the policy.

The policy covers the machinery whilst they are in operation or at rest or whilst being dismantled for the purpose of cleaning or overhauling or whilst being shifted within the premises or during subsequent re-erection, but in any case only after successful commissioning.

Boiler & Pressure Plant

The Boiler and Pressure Plant Insurance policy provides coverage for all types of boilers and / or other pressure plants.

Coverage: This policy covers:

Sudden / accidental explosion and collapse risks to insured boilers / pressure plants.

Insured’s own surrounding property and third party liability, arising out of a sudden and unforeseen physical loss of, or damage due to explosion or collapse of the boiler and / or pressure plant.

Industrial All Risk (Including ALOP, MLOP)

The Consequential Loss (fire) policy covers Loss of Gross Profit and/or increase in cost of working due to reduction in turnover/output due to operation of peril covered in the Standard Fire & Special Perils Policy.

It also covers standing charges which continue to be incurred during the period of interruption and the increase in cost of working necessarily and reasonably incurred to maintain the business as far as possible at its normal level, so that loss under net profit and standing charges is avoided or at least minimized.

Coverage Includes:

Loss of Net Trading Profit

Standing Charges

Loss in Respect of Wages other than those covered by the Standing Charges

Increased Cost of Working

Auditor’s Fees