Erection All Risk Insurance( SCE/ EAR)

Projects involving Erection &Testing of equipment or facilities including related civil works Power Project – Installation of Gas/Steam Turbine, Generator,Boiler,Petrochemical Plant Integrated Steel plants –

Cement plants – Clinker Unit, Erection of Plant, Machinery, Equipments including Testing and Commissioning Combined cycle

power plants – involving Integral Testing

The liability of the Company shall commence from the date of arrival of first consignment of project material at site and shall expire on successful completion of testing & commissioning of project or the policy expiry date specified in the schedule,whichever is earlier.

Policy covers physical loss and/or damage to insured property from the time project material is unloaded at project site and continues during storage, shifting at site from one place to another, and during Erection till completion of testing & commissioning of plant.

Policy also provides cover to property during maintenance period after Provisional “Taking-over” of plant by Principals, if specifically covered under the policy as Add on cover but the coverage shall be restricted to Loss / damage to property occurred by Contractor / Contractor’s employee(s) during the course of maintenance as per agreed terms.   In the event of non-completion of the project within the policy period, cover may be extended for such further time as may be required at additional premium.

• Machinery Insurance
• Contractor’s Plant and Machinery Insurance
• Electronic Equipment Insurance
• Boiler and Pressure Plant Insurance
• Deterioration of Stock Insurance (DOS)
• Machinery Loss of Profit Insurance ( MLOP)
• Boiler Loss of Profit Insurance ( BLOP)