PURPOSE OF COVER
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. A very specialised class of risk which 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.