Erection All Risks Insurance Policy

Our Erection All Risks Insurance Policy protects insured project against material damage or liability towards third parties while you are executing erection work.

Addl. Information: This policy is obligatory for Fabrication and Engineering contractors and it is acceptable by bankers, consultants and Govt authorities for approval purposes.

For whom this policy is issued

• Main and Sub-contractors
• Consultants
• Principals, Project/Factory Owners

Interest Covered

•  Project Materials/Structure/Machineries and Equipment and under erection
• Contractors Plant and Machinery
• Temporary Facilities

Risk covered under the policy

• It is all risk policy and in general it covers Fire & Allied Perils, Act of God Perils, Perils associate with erection and engineering work, testing and commissioning for  specified period  unless and other wise specifically excluded by the policy.

Period of cover

• Project period with extension for maintenance

Price (Premium) we collect/ Basis

• Please call for our quote
  Rate depends upon the project, location, period and value

Excess or Deductibles

• Various deductibles are applied for various perils and are to be agreed before executing policy

General Exclusions

•  Consequential Loss
• Willful misconduct, intentional damage, demolition as per Govt.order
• Political Risk of any kind
• War and Terrorism
• Nuclear Risk
• Pollution, Leakage and Seepage
• Workmen’s Compensation
• Motor Liabilities 

Special Exclusions

• Depends up on the projects
• In case of a claim:
  • Immediately
    
    • Inform the police/Fire brigade immediately\ Local Authorities immediately, protect and minimize the Loss whatever\however you can.
    • Protect the damaged property till Insurance surveyor Arrives.
    • Inform our nearest office by phone
  • Subsequently
    Submit the below documents:
    • Police Report
    • Estimates for Damaged items or Repair
    • Investigation Report if any
    • Any other relevant document that Insurance surveyor or Company requires

NB:- The above details are for the brief illustration only. For full information on terms and conditions of insurance, please refer to the policy wording or contact with our technical team by email info@aman.ae