Commercial Insurance

Key benefits - covers risks involved in an erection project


This insurance covers all types of risks involved in the erection of machinery, plant and steel structures of any kind, as well third-party claims in respect of property damage or bodily-injury arising in connection with the execution of an erection project.

Coverage is on an 'all-risks' basis and in particular includes:

  • Fire, lightning, explosion, aircraft damage
  • Riot, strike, malicious act
  • Flood, inundation, storm, cyclone and allied perils
  • Landslide, subsidence and rockslide
  • Burglary and theft
  • Faults in erection
  • Human errors, negligence.
  • Short circuiting, arcing, excess voltage
  • Electrical and mechanical breakdown
  • Collapse, damage due to foreign objects, impact damages
  • Any other sudden, unforeseen, accidental damages not explicitly excluded.

Add-ons are available to extend your cover to:

  • Cross liability
  • Third-party liability
  • Cost of removal of debris
  • Express freight, overtime charges
  • Air freight
  • Additional customs duty
  • Escalation
  • Owner's surrounding property
  • Storage risk at fabricator's premises
  • Maintenance cover

Main exclusions

  • Loss or damage due to faulty design, defective material of casting and/or bad workmanship
  • Manufacturing defects
  • Loss or damage due to wilful act or wilful negligence
  • Consequential loss
  • Loss or damage due to war or warlike operations
  • Loss or damage due to nuclear reaction, nuclear radiation or radioactive contamination
  • Losses due to normal wear and tear, gradual deterioration
  • Cessation of work
  • Inventory losses

This is not an exhaustive list.

For further details and quotation, talk to us today at 1800-103-2292 (Toll free) or visit one of branches

Customers Speak