What is Erections All Risk insurance?
All projects involving storage of equipment, moving or expanding a facility, or dismantling and re-constructing it, leaves UAP Insurance South Sudan open to significant risks. This policy is typical “All Risk” insurance for storage, assembly/erection, testing and commissioning of the following types of activities.
- Setting up a new project/individual machines
- Expansion of an existing project
- Dismantling and re-erection of an existing facility
- The interests of suppliers, manufacturers, contractors as well as Subcontractors can be included in the policy
- Cover begins from the time of unloading of the first consignment at the project site and terminates on completion of testing or handing over of the project to the principal, or the period chosen, whichever is earlier
Unless specifically excluded, it provides comprehensive cover for:
- Earthquake and acts of terrorism
- Escalation
- Limited maintenance cover and extended maintenance cover
- Clearance and removal of debris
- Damage to owner’s surrounding property
- Third-party liability and cross liability
- Additional customs duty
- Express freight, holiday and ov
The policy can be extended on payment of an additional premium to cover:
