Contractors All Risk Insurance PolicyContractors All Risk Insurance Policy

Erection All Risk
Insurance Policy

  • Introduction
  • What’s covered ?
  • What’s Not covered?
  • Why Choose HDFC ERGO?

Introduction

All projects involving storage of equipment, moving or expanding a facility, or dismantling and re-constructing it, leave your organization open to significant risk. HDFC ERGO’s Erection All Risk Insurance assures protection to you against this kind of scenario. The comprehensive nature of its coverage makes it the ideal solution for diverse needs, whatever the risk you want to insure.

 

What’s Covered?

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This policy is typical “all risk” insurance for storage, assembly/erection, testing and commissioning of the Know More...

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The interests of suppliers, manufacturers, contractors as well as Subcontractors can be included in the policy.

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Cover begins from the time of unloading of the first consignment at the project site and terminates Read More...

What's Not Covered?

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Faulty design, defective material, bad workmanship Consequential loss, inventory loss Normal wear and tear, etc. Excess as mentioned in the policy

Sum Insured

The Sum Insured is the completely erected value of the plant and machinery, inclusive of freight, customs duty and cost of erection.

Premium


The premium under this policy depends on the type of activity, Sum Insured, duration of the project, period of testing and voluntary excess opted for by the Insured. The premium can be paid in installments, when the policy period is more than 12 months.

Excess

The policy is subject to a compulsory excess and Excesses under the policy depend on the type of project to be erected.

Extensions

 
  • Earthquake
  • Act of terrorism
  • Escalation
  • Limited maintenance cover
  • Extended maintenance cover
  • Clearance and removal of debris
  • Damage to owner’s surrounding property
  • Third party Liability
  • Cross Liability
  • Additional customs duty
  • Express freight, holiday and overtime rates of wages
  • Contractor’s plant and machinery
  • Inland Transit
  • Inland Transit
  • Innocent Non Disclosure/Breach of Policy Conditions
  • Structures in earthquake zones
  • Serial losses
  • Manufacturer’s Risk
  • Decontamination
  • Horizontal Directional Drilling of Pipeline Routes
  • Loss or damage due to strike, riot and civil commotion (SRCC)
  • Exclusion of Horizontal Directional Drilling
  • Suspension of Testing
  • Fire Fighting
  • Public Authorities Clause
  • Work Stoppage
  • Test Run Definition for Gas Turbine
  • Test Run Definition for Steam Turbine
  • Declaration Clause
  • Marine off Shore works
  • Coffer Dam
  • When this policy is combined with transit insurance (either inland or overseas) for project materials, the same is referred to as Marine-cum-Erection policy.

Why HDFC ERGO?

Secured Over 1 Crore+ Smiles!

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY: 18-19.
Why HDFC ERGO?

Secured Over 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY:18-19.
Awards & Recognition
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