Erection all Risks

Erection all Risks

First Assurance Erection All Risks covers contractors from Loss or damage to projects that involves erection/installation of plant, machinery and equipment whether it’s single machine or a Large power plant.

  • The main purpose of the work being carried out is the erection, installation and commissioning of plant and machinery.
  • Associated building work is included in the policy (e.g. construction of a plant room or laying of foundations).
  • There is an emphasis on mechanical testing and commissioning of new plant once installed. The policy
  • can be extended to cover periods of commissioning in excess of one month.
  • Where the contractor is working on existing plant and machinery for the purposes of repair or maintenance, cover can be extended to include this custody
  • property o the extent required by the contract. This is subject to additional terms and conditions.
  • Overall, the main risk is associated with the handling and commissioning aspects of the risk, with limited exposure to environmental perils

Benefits

  • Associated building work is included in the policy (e.g. construction of a plant room or laying of foundations).
  • There is an emphasis on mechanical testing and commissioning of new plant once installed. 
  • The policy can be extended to cover periods of commissioning in excess of one month.

Features

  • Where the contractor is working on existing plant and machinery for the purposes of repair or maintenance, cover can be extended to include this custody.

FAQS

1. What is the time limit for submitting claim documents and associated documents? It is advisable to submit your claim documents and all associated documents as soon as they are available in order for the claim to be handled in a timely manner. 2. Is premium paid at the time of claim? No. Premium is paid at inception of cover. 3. Is it necessary to report losses that are within our deductible? No. It is not necessary to report losses within your deductible. However, in cases where you are not sure of the final loss amount or amount of the deductible, it is advisable that you contact your agent, broker or First Assurance for guidance.