Section 1 All Risks Covers
	This section provides coverage for losses/damages to principals and contractor/subcontractors own material and erection works from a variety of risks such as: Accidental damage during construction Fire, Lightning Water damage, flood, storm and tempest Collapse, collision, impact, burglary, theft and malicious damage, aircraft Breakdown or explosion to any part of the contract e.g. lifts in buildings etc. Consequent Damages due to defects in material casting, workmanship and design Riot, Strike, subsidence, landslide, cyclone, hurricane, earthquake, volcano.
	Section 2 Third Party Legal Liability
	This section of the policy, with agreed limits, provides indemnity to third party due to the Legal liability of the insured resulting from negligence of the insured or his employees/family members causing : Accidental bodily injury &/or death to third parties (Not members of the insured's family or their employees), Accidental damage to Property (excluding Property belonging to or in the custody or under the control of the Insured, his family members or his employees). In addition it also provides the Legal expenses for defending any proceedings with Insurer's consent.
	Maintenance period risks
	Once the Erection works, including testing and commissioning, covered under the EAR policy is completed the maintenance period cover comes to effect automatically. During this period the cover is against any loss &/or damage that occurs in the course of the compliance with the maintenance obligation under the contract insured/contractor's provided the cause of such loss or damage originated during the period of insurance The premium chargeable is always applied on the basis on the Total Contract Value for the period of the contract and on the value of the Construction Plant & Machinery being used at the site. The rates are very dependent to the nature of the project, site location, experience of the Contractor and other relevant risks determinations. There is a Deductible and Conditions to the policy

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