EngineeringErection All Risk
Erection all risks covers the installation and testing of plant and machinery - production lines, turbines, tanks, steel structures and process equipment - from arrival on site through erection and commissioning to the maintenance period that follows handover.
It is the counterpart to contractors all risks for mechanical and electrical works, and project owners and main contractors in the Kingdom commonly require it before a subcontractor can mobilise. Cover is arranged for the contract period and extended if commissioning runs late.
Risk Coverage
- Coverage is on an 'all-risks' basis, including: Fire, lightning, explosions, aircraft damage o Riots, strikes, malicious acts
- Floods, inundation, storm, cyclone and allied perils
- Landslide, overflows and rockslides
- Burglary and theft
- Faults in erection
- Human errors, negligence
- Short circuiting, arcing, excess voltage
- Electrical and mechanical breakdown
- Collapses, damages due to foreign objects, damages caused by impact
- Any other sudden, unforeseen, and accidental damages that were not excluded explicitly
Extensions
- Cross liability
- Third-party liability
- Removal of debris expenses
- Express freight, overtime charges
- Air freight
- Additional customs duty
- Escalation
- Owners' surrounding property
- Storage risk at fabricator's premises
- Maintenance cover
Pre-requirements
Broker of Record- Commercial Registration
- Wassel /National Address
- VAT Certificate
- 3 years claims experience
- A declaration letter if first time insurance
- Proposal Form