Erection all risks policies protects a contractor against physical loss or damage to the contract works, construction plant and equipment or machinery. It also includes cover for damage to property of third parties and bodily damage to third parties.
Cover can be extended to include advance loss of profits to cover profits lost due to contract works being delayed as a result of a loss insured under the terms of the erection all risks policy.
Delay in start up
Cover on ‘all risks’ basis