Erection All Risks Insurance

All Property Insurances

Erection All Risks Insurance

Erection All Risks Insurance is tailored for industries and businesses involved in machinery and equipment installations. This policy provides specialized coverage designed to support the erection process, ensuring all risks associated with such operations are comprehensively covered.

Benefits

Erection Cost

  • Covers the costs associated with the erection of machinery and equipment.

Freight, Custom Duties and Dues

  • Covers the costs associated with the transportation and importation of the equipment.

Civil Engineering Work

  • Provides coverage for civil engineering works related to the installation.

Clearance of Debris

  • Covers the costs of clearing debris from the policyholder’s existing property post-erection.

Third Party Liability

  • Provides protection against claims of third party injury or property damage related to the erection works.

Eligibility

  • Policyholder should have an insurable interest in the asset.
  • Must be eligible to sign an insurance agreement as per the legislation framework of Sri Lanka.
  • Insuring property/assets must be within the geographical limits of Sri Lanka.

This policy is essential for ensuring the smooth execution of erection projects, mitigating the financial risks involved and providing peace of mind to contractors and business owners.

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