The scope of cover is like the Contractors’ All Risks  Insurance but specifically designed for Erection/Installation projects, where the value of the Plant/Equipment to be erected dominate the Contract Value.

This cover is offered to Contractors and Principals and their subcontractors engaged in erection activities.

The Policy comprises of Two Sections:

Section I – Material Damage

Covers physical loss, damage or destruction of the property insured by any cause, other than those specifically excluded in the policy.

Section II – Third Party Liability

covers the legal liability of the Insured as a result of bodily injury to third party or property damage belonging to a third party arising out of performance of the contract works and happening on or in the immediate vicinity of the site, subject to standard Exclusions specified in the Policy Wording.