Erection All Risk Insurance
Cover for machinery and plant while it is erected, installed, tested and commissioned.
Cover from delivery to commissioning
Erection All Risk covers sudden and unforeseen physical loss of or damage to machinery, plant and steel structures during erection, installation, testing and commissioning, and your legal liability to third parties. We arrange it with insurers in the Maldives.
What can be insured
- The erection works: machinery, plant and steel structures being erected
- Civil engineering work needed for the erection
- Materials on site
- Construction plant, equipment and machinery
The two sections of the policy
Section I: Material damage
Physical loss of or damage to the works, on an all-risks basis: any cause that is not specifically excluded.
Section II: Third-party liability
Your legal liability for bodily injury or property damage to third parties, in connection with the erection works on or beside the site.
Examples of what is covered
- Fire, lightning, explosion and aircraft damage
- Flood, storm, cyclone, landslide and subsidence
- Burglary and theft
- Short-circuiting, arcing and excess voltage
- Collapse and impact damage
Optional extensions
- Removal of debris
- Professional fees
- Extended maintenance cover
- Extra charges for overtime and express or air freight
What is not covered
- War and related perils
- Nuclear radiation or radioactive contamination
- Wilful act or wilful negligence of the insured
- Cessation of work
Other exclusions apply, as set out in the policy terms and conditions.
Two things worth knowing first.
- Strike, riot and civil commotion cover is standard with some insurers and an optional extra with others
- Faulty design, defective material and bad workmanship are excluded by some insurers
For a quote
Send us three things.
- The contract, agreement or bill of quantities
- Your company registration certificate
- A progress report, work schedule or pictures, if you have them
Common questions
- What does erection all risk insurance cover?
- Sudden and unforeseen damage to machinery, plant and steel structures while they are erected, installed, tested and commissioned, plus your legal liability to third parties on or beside the site. Cover runs from delivery to commissioning.
- How is it different from contractors all risk?
- Contractors all risk is for building works. Erection all risk is for machinery and plant being installed, such as generators and processing equipment, and includes the civil work needed for the erection.
- What is not covered?
- War, nuclear risks, wilful acts and cessation of work. Some insurers also exclude faulty design, defective material and bad workmanship, and treat strike, riot and civil commotion as an optional extra.
How to claim
Tell us
Contact our Claims Hotline or email us as soon as a claim arises.
We guide you
We advise you on documentation and communicate with the insurer.
We follow it through
We monitor the claim’s progress and check the settlement is in line with your policy entitlements.
This page is a summary. Cover is subject to the terms, conditions and exclusions of the insurer’s wording, which prevails. Seguro is a broker and arranges cover with the insurer.
