Erection All Risks Policy
Whereas the Insured
named
in the Schedule
No.
hereto has made to the
(hereinafter called the Insurers) a written proposal by completing
a Questionnaire
which together with
any other statements
made in writing by the Insured for the purpose of this Policy is deemed to be
incorporated
herein,
Now this Policy of Insurance witnesseth
that subject to the Insured having
paid to the Insurers the premium mentioned in the Schedule and subject to the terms, exclusions, provisions and conditions
contained herein or endorsed
hereon the Insurers will indemnify the Insured in
the manner and to the extent hereinafter provided.
General Exclusions
The Insurers will not indemnify the Insured in respect
caused by or arising out of or aggravated by
of loss, damage
or liability
directly
or indirectly
a) war, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion,
revolution,
insurrection,
mutiny, riot, strike, lock-out,
civil commotion,
military or usurped power, a
group of malicious persons or persons acting on behalf of or in connection with any political organisation, conspiracy,
confiscation,
commandeering,
requisition
or destruction
or damage by order of
any government de jure or de facto or by any public authority;
b) nuclear
c) wilful
reaction,
act or wilful
d) cessation
nuclear
radiation
negligence
of work whether
or radioactive
of the Insured
contamination:
or of his representatives;
total or partial.
In any action, suit or other proceeding
clusion a) above any loss, destruction,
of proving that such loss, destruction,
where the Insurers allege that by reason of the provisions of Exdamage or liability is not covered by this insurance the burden
damage or liability is covered shall be upon the Insured.
Period of Cover
The liability of the Insurers shall commence
notwithstanding
any date to the contrary specified in the
Schedule, directly upon commencement
of work or after the unloading
of the items entered in the
Schedule at the site and shall continue until immediately
after taking over or after the first test operation or test loading is completed
whatever is the earlier, but not beyond four weeks (unless otherwise
agreed in writing) from the date of commencement
of the test. If, however, a part of a plant or one or
several machine(s) is/are tested and/or put into operation or taken over, the cover for that particular
part of the plant or machine(s) and any liability resulting
therefrom
ceases whereas the cover continues for the remaining parts.
In the case of second-hand
items, the insurance
commencement
of the test.
hereunder
shall,
however,
cease
At the latest the insurance shall expire on the date specified in the Schedule.
Period of Insurance are subject to the prior written consent of the Insurers.
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immediately
on the
Any extensions
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Schedule
Section I - Material Damage
lame and Address of insured
Site
of
Policy No.
Erection
The Insurers hereby agree with the Insured that if at any time during the period of cover the items or
any part thereof entered in the Schedule shall suffer any unforeseen and sudden physical loss or damage
SectionanyI -cause, other than those specifically
from
excluded, Sums
in a Insured
manner necessitating
repair orDeductible
replacement,
Insured Items
Material Damage
the Insurers will indemnify the Insured in respect of such loss or damage as hereinafter
provided by
payment in cash, replacement
or repair (at their own option) up to an amount not exceeding in respect
1. Erection Work
of each of the items specified in the Schedule the sum set opposite thereto and not exceeding in any
1.1 Items to be erected
one event the limit of(attach
indemnity
whereif necessary)
applicable
and not exceeding in all the total sum expressed in
separate sheet
the Schedule as insured hereby.
The Insurers will also reimburse the Insured for the cost of clearance of debris following
upon any
event giving rise to a claim under this Policy provided a separate sum therefor has been entered in
the Schedule.
1.2 Freight
Special
Exclusions
to Section
1.3 Customs
Duties andI Dues
The Insurers
shall
a) the deductible
1.4 Cost of Erection
not, however, be liable
for
stated
the Schedule
2. Civil in
Engineering
Work to be borne by the Insured
b) consequential
loss of any kind or description
lack of performance,
loss ofofcontract;
3. Clearance
Debris
whatsoever
in any one occurrence;
including
penalties,
losses due to delay,
c) loss or damage due to faulty design, defective material or casting, bad workmanship
other than faults
4. Property located on the Principals
in erection;
premises or on the site, belonging
to the Principal
or heldincrustation;
in care,
d) wear and tear, corrosion,
oxidation,
custody or control
e) loss of or damage to files, drawings, accounts, bills, currency, stamps, deeds, evidences of debt, notes,
securities, cheques, packing materials such as cases, boxes, crates;
f) loss discovered
only at the time of taking
Total Sum Insured
an inventory.
under Section
Limits of Indemnity1)
Risk
Provisions
I:
Applying
to volcanism,
Section
Earthquake,
Deductibles
tsunami
It is a requirement of this insurance that the sums insured stated in the
Memo 1 - SumsStorm,
Insured:
cyclone, flood, inundation,
Schedule (under items
1 and 2) shall not be less than the full value of each item at the completion of the
landslide
erection, inclusive of freight, customs duties, dues, erection cost, and the Insured undertakes to increase
or decrease the amounts of insurance
in the event of any material fluctuation
in the level of wages
or prices
provided always that such increase
on the Policy by the Insurers.
If, in the
insured,
tion as
subject
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or decrease
shall take effect only after the same has been recorded
event of loss or damage, it is found that the sums insured are less than the amounts required to be
then the amount recoverable
by the Insured under this Policy shall be reduced in such propor1)Limit of indemnity in respect of each and every loss or damage
the sums insured bear to the amounts required
be insured.
Every
object
andout cost
is
and/orto series
of losses or
damages
arising
of any item
one event
to this condition separately.
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Memo 2 - Basis of Loss Settlement:
In the event of any loss or damage
the basis of any settle-
ment under this Policy shall be
the cost of repairs necessary
a) in the case of damage which can be repaired
to their condition immediately before the occurrence
of the damage less salvage,
b) in the case of a total loss loss less salvage,
the actual value of the items
immediately
before
to restore
or
the items
the occurrence
of the
however, only to the extent the costs claimed had to be borne by the Insured and to the extent they are
included in the sums insured and provided always that the provisions and conditions
have been complied with.
The Insurers will make
ments that the repairs
damage which can be
exceeds the value of
be made on the basis
payments only after being satisfied by production of the necessary bills and docuhave been effected or replacement
has taken place, as the case may be. All
repaired shall be repaired, but if the cost of repairing
any damage equals or
the items immediately
before the occurrence
of the damage, the settlement shall
provided for in b) above.
The cost of any provisional repairs will be borne by the Insurers
final repairs and do not increase the total repair expenses.
The cost of any alterations,
Memo 3 - Extension
express
freight
additions
Of cover:
are covered
and/or
improvements
Extra charges
by this insurance
if such
repairs
shall not be recoverable
for overtime,
only if previously
nightwork,
and specially
work
constitute
part of the
under this Policy.
on public
agreed
holidays,
upon in writing.
Memo 4 - Surrounding Property: Loss of or damage to property located on or adjacent to the
site and belonging to or held in care, custody or control of the Principal(s) or the Contractor(s) shall only
be covered if occurring in direct connection with the erection, construction or testing of the items insured
under Section I and happening during the Period of Cover, and provided that a separate sum therefor
has been entered in the Schedule under Section I, item 4. This cover does not apply to construction/
erection machinery and construction/erection plant and equipment.
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Section II - Third Party Liability
Policy No.
The insurers will indemnify the Insured up to but not exceeding
the amounts specified
in the Schedule
against such sums which the Insured shall become legally liable to pay as damages consequent
upon
a) accidental
bodily
b) accidental
loss of or damage
injury
to or illness
of third
to property
parties
(whether
belonging
fatal or not)
to third
parties
occurring in direct connection with the erection, construction
or testing of the items insured
tion I and happening on or in the immediate vicinity of the site during the Period of Cover.
In respect of a claim for compensation
to which
in addition indemnify the Insured against
the indemnity
a) all costs and expenses
of litigation
by any claimant
b) all costs and expenses
incurred
provided always that the liability
nity stated in the Schedule.
Special Exclusions
The Insurers
stated
with the written
of the Insurers
to Section
will not indemnify
1. the deductible
recovered
consent
under
provided
herein
applies,
from the Insured,
under Sec-
the Insurers
will
and
of the Insurers,
this section
shall not exceed
the limits
of indem-
II
the Insured
in the Schedule
in respect
to be borne
2. expenditure
incurred in doing or redoing or making
ered or coverable under Section I of this Policy;
3. liability consequent
upon
a) bodily injury to or illness of employees
other firm connected with the project
bers of their families;
of
by the Insured
good
in any one occurrence;
or repairing
or replacing
anything
cov-
or workmen of the Contractor(s)
or the Principal(s)
or any
which or part of which is insured under Section I, or mem-
b) loss of or damage to property belonging to or held in care, custody or control of the Contractor(s),
the Principal(s) or any other firm connected with the project which or part of which is insured under
Section I, or an employee or workman of one of the aforesaid;
c) any accident
caused
by vehicles
licensed
for general
road use or by waterborne
d) any agreement by the Insured to pay any sum by way of indemnity
lity would have attached also in the absence of such agreement.
Special Conditions
Applying
to Section
or otherwise
vessels
or aircraft;
unless such liabi-
II
1. No admission, offer, promise, payment or indemnity
shall be made or given by or on behalf of the
Insured without the written consent of the Insurers who shall be entitled, if they so desire, to take over
and conduct in the name of the Insured the defence or settlement of any claim or to prosecute for
their own benefit in the name of the Insured any claim for indemnity or damages or otherwise
and
shall have full discretion
in the conduct of any proceedings
or in the settlement
of any claim and
the Insured shall give all such information
and assistance as the Insurers may require.
2. The Insurers may so far as any
any one accident (but deducting
sation in respect thereof) or any
can be settled and the Insurers
dent under this section.
E 65.0-E 3
accident is concerned
pay to the Insured the limit of indemnity for
therefrom in such case any sum or sums already paid as compenlesser sum for which the claim or claims arising from such accident
shall thereafter be under no further liability in respect of such acci-
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Schedule
lame and Address of insured
Site
Section I Material Damage
Sums Insured
Deductible
Limits of Indemnity1)
Deductibles
Insured Items
of
Erection
1. Erection Work
1.1 Items to be erected
(attach separate sheet if necessary)
1.2 Freight
1.3 Customs Duties and Dues
1.4 Cost of Erection
2. Civil Engineering Work
3. Clearance of Debris
4. Property located on the Principals
premises or on the site, belonging
to the Principal or held in care,
custody or control
Total Sum Insured
under Section
Risk
I:
Earthquake, volcanism,
tsunami
Storm, cyclone, flood, inundation,
landslide
1)Limit of indemnity in respect of each and every loss or damage
and/or series of losses or damages arising out of any one event
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Section II Third Party Liabillty
Insured
Items
Limits
of
Indemnity2)
Deductibles
1. Bodily Injury
1.1 anyone person
1.2 total
2. Property Damage
Limit of indemnity in respect of any one accident or
series of accidents arising out of one event
Period of Insurance
(subject to the provisions concerning the Period of Cover)
from
to
incl.of
weeks testing
Incorporated in this Policy is Questionnaire and Proposal No.
The following endorsements are attached to and forming part of this Policy:
Total Premium
inclusive of extra premiums for the abovementioned
endorsements)
In Witness whereof the Undersigned being duly authorized
by the Insurers and on behalf of the Insurers has/have
hereunto set his/their hand(s)
this
day of
19
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