Erection all Risks
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This Policy provides covers for destruction or damage to the Machinery during site erection, from storage through handling, erection, and commissioning to final testing and during any prescribed subsequent maintenance period caused by fire, burglary, and any unforeseen accident. Interests covered include but are not limited to the total Contract Value including costs of all materials and all temporary and permanent works.
It includes the contractor’s liability to members of the public (third parties), for death, injuries, or damage to their property arising out of the contractor’s negligence.
In addition; to the principal’s existing property, contractor’s plant, equipment, and machinery at the project site, reasonable costs for removing debris arising from the execution of the project can also be covered.