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Erection All Risk / Storage-Cum-Erection Policy

Scope of Cover

This policy covers All Risk pertaining to projects of Erection, Testing and Commissioning subject to the following exclusions and conditions

 

  • Express freight (excluding air freight), holiday and overtime rates of wages
  • Air Freight
  • Additional customs duty
  • Contractor's Plant and Machinery equipment upto sum insured of Rs.25 lacs or 5% of EAR/SCE sum insured, whichever is lower
  • Premium for periods beyond policy period and discounts/loadings on them based on claims experience.
  • Testing period extensions
  • Delay in start up (DSU) / Advanced Loss of Profits (ALOP) covers
  • Storage risks at the fabricators premises/workshop unless specifically covered for
  • Custom duty unless specifically covered for
  • Expenses towards clearance and removal of debris unless specifically covered for
  • Third party liability covers beyond limits stipulated vide section 14-A of tariff
  • Cross liability, civil works, surrounding property coverages unless specifically covered for
  • Escalation beyond 50% of EAR/SCE sum insured
  • Surrounding property excludes construction /erection machinery, plant and equipment

 
 
   
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