Product Description

This is probably one of the most important products to consider when involved in a new construction and/or erection project. The indemnity under either one of these policies provides for protection to the Principal/Employer against potential financial loss following indemnifiable loss or damage under the corresponding Contract Works / Erection All Risks policy. It is a very specialised class of risk that needs attention to detail especially in mega projects with strict timelines for completion and operational dates. In recent times there has been a surge in this class of risk, especially when it comes to shopping malls, Renewable Energy (Solar and Wind projects), production lines/factories, warehousing storage and the like.

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