National Erection All Risk Insurance

Established in Kolkata on December 5, 1906, the National Insurance Company Limited is India's oldest general insurance company. Initially aligned with the nationalist spirit for Swaraj, it merged with other entities in 1972 under the General Insurance Business Nationalisation Act. Achieving autonomy in 2002 as an independent insurance company, it severed ties with its holding company, GIC. With 1730 offices across India and a foreign office in Nepal, National Insurance boasts a strong presence supported by over 13,000 skilled employees and a network of 50,000 agents.

Read more
erection-risk-insurance

Get right expert advice

Hassle free policy

Speedy Claims

Fast-track your search with instant quotes from prominent insurers

Get ₹30 lakh cover starting at ₹45,000+

Step 1/2

Get ₹30 lakh cover starting at ₹45,000+

secure-icon We don't spam
Get Updates on WhatsApp
View Plans

Get ₹30 lakh cover starting at ₹45,000+

Step 2/2
Fast-track your search with instant quotes from prominent insurers
Expert advice

Buy right

Instant policy

Quick & Hassle free

Dedicated team

Speedy Claims

National Erection All Risk Insurance: Inclusions

Coverage encompasses all risks incurred during storage, assembly, erection/construction, and testing, subject to specific exclusions. The covered risks include, but are not limited to:

  • Fire, lightning, explosion/implosion, aircraft damage
  • Flood, landslide, storm
  • Theft, burglary, riots, strikes, and malicious damage
  • Lack of skill, negligence, collision, impact, dropping, etc.
  • Mechanical/electrical breakdown during installation or testing

National Erection All Risk Insurance: Add-ons

By paying an extra amount, you can get coverage for the following perils:

  • Earthquake
  • Terrorism
  • Clearance and removal of debris
  • Third-party liability
  • Surrounding property of the policyholder
  • Escalation provision
  • Holiday, Express freight and overtime rates of the wages
  • Air freight
  • Additional custom duty
  • Construction machinery plants and equipment
  • Maintenance visits cover and extended maintenance cover

National Erection All Risk Insurance: Exclusions

The erection all risk insurance policy does not provide coverage for the following:

  • Ordinary wear and tear, gradual deterioration, etc.
  • Damage arising from faulty design, defective materials, or poor workmanship
  • Consequential losses, including revenue loss and penalties for delays
  • Inventory losses
  • Deliberate negligence
  • War and nuclear perils
  • Loss of or damage to deeds, files, stamps, notes, checks, drawings, securities, currency, evidence of debt, accounts, bills, and packing materials such as cases, boxes, and crates.

National Erection All Risk Insurance: FAQs

Policybazaar for Business - Erection Risk Insurance - Customer Reviews
View all
4.1/5
Based on 4 reviews
4.1
out of 5
Based on 4 reviews
0 users
4 users
0 users
0 users
0 users
4 January 31, 2022
Rahul
Good Deals
We bought corona group health cover for our firm. It is still risky and to make sure the safety for everybody, we bought the cover. It was on a good deal on Policybazaar.
Noida
4 January 30, 2022
Divesh
Quicker Than Expected
I bought group covid insurance for me and my team We are a small start-up and really needed this cover. I bought it from PolicyBazaar which was quicker than I expected.
Muktsar
4.3 January 30, 2022
Ajeet
Health Cover
As we have started travelling again, I had book group Covid-19 health plan for me and my employees. We are travelling frequently now and obviously needed this health cover.
Kanpur
4 January 30, 2022
Avadhesh
Quick Claims
For myself and my staff, I purchased group covid insurance. This cover was critical for us as a modest start-up. I purchased it through PolicyBazaar, and it arrived much sooner than I anticipated.
Gurgaon