Erection All Risk Insurance Dubai by The Oriental Insurance Co. Ltd

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  • Al Wasl Bldg no R 118, 3rd floor, office #303, Bank of Baroda Building, Back Side Entrance, Near Bur Dubai Abra Station, P.O. Box 478, Dubai, United Arab Emirates
  • +97143538688
  • customercare@oicgulf.ae
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Erection All Risk Insurance in Dubai UAE – The Oriental Insurance Co. Ltd Contact Details, Telephone Numbers, Website, Address, Location Map, Direction, Photos, Videos, Opening Hours, Email Address, Sale Promotions, Offers & Deals.

The Oriental Insurance Co. Ltd

Address: Al Wasl Bldg no R 118, 3rd floor, office #303, Bank of Baroda Building, Back Side Entrance, Near Bur Dubai Abra Station, P.O. Box 478, Dubai, United Arab Emirates
Tel: +97143538688
Fax: +97143531722
Email: customercare@oicgulf.ae
Website: www.oicgulf.ae

Erection All Risk Insurance Dubai by The Oriental Insurance Co. Ltd

Erection All Risk Insurance Dubai by The Oriental Insurance Co. Ltd – The Erection All Risk policy is specially designed to cover loss or damage to projects that involves erection/installation of plant, machinery and equipment ranging from erection of a single machine to a large power plant.

This is an “All Risk” policy covering various activities of erection/installation, testing and commissioning of plant and equipments (except specific exclusions as mentioned in the policy). It protects a contractor or employer against physical loss or damage to the contract works, construction plant and equipment or machinary. It also includes cover for damage to property of third parties and bodily damage to third parties.

The policy can be taken out in the joint names of the contractor and the employer. This policy enables the Contractor or Employer to comply with the insurance requirements of the Contract.

Summary of Cover.
This policy (Section 1) covers risks associated with storage, assembly/erection and testing of Plant and Machinery. EAR insurance provides comprehensive cover. All perils are covered unless specifically excluded.

Section 2 of the policy covers legal liability falling on the insured contractor as a result of bodily injury or property damage belonging to a third party.​​​

The cover starts on the unloading of the first consignment at site or commencement of work and continues to be in force as stated in the policy including the test run period. The policy ceases when the project is handed over to the principal or put into service.

On request the policy can be extended to cover various optional extensions viz. Transit to or from the site (excluding sea or air transit), testing and commissioning, maintenance cover, removal of debris costs, architects, surveyors fees for the reinstatement of damage, damage to surrounding property, etc.​​​

​Period of Insurance – Should not be less than the period of contract.

Sum to be insured is the completely erected value of the plant and machinery inclusive of freight, customs duties and cost of erection.​​​​

Exclusions (list is not exhaustive. Please refer to the main policy)

a) Loss or damage due to faulty designs, defective materials and bad workmanship.
b) Manufacturing defects in the machinery or the risks which fall within the scope of manufacturer’s guarantee.
c) Loss or damage due to mechanical and electrical breakdown or damage not caused by any of the external risks covered by the Policy.
d) Loss or damage due to willful act or willful negligence.
e) Loss or damage due to wear and tear operations of civil commotion or order of any government authority.
f) Loss or damage due to nuclear weapons, radiation and radioactive materials.
g) Losses within the compulsory access.

The Oriental Insurance Co. Ltd

The Oriental Insurance Co. Ltd – The Oriental Insurance Co. Ltd. was incorporated in India in 1947. During this period of over 65 years the Company has grown from very humble origins to one of the giants in the field of General Insurance business in India and abroad. The Company has come to occupy a place of pride as a provider of not only General Insurance services but also Technical Expertise through a vast force of employees which include a technically qualified personnel such as Engineers and Risk Managers. We offer the finest insurance products and services to our clients and the creedo of the ‘Oriental’ is “CUSTOMER FRIENDLY” and “SECURITY WITH SERVICE”. The Company is owned 100% by Govt. of India and provides sovereign security. For further details, please log on to the company’s website www.orientalinsurance.org.in .

In UAE the company operates through a Chief Agency of “ARMAB INSURANCE WORKS LLC” since 1960. The spell of over 54 years in UAE market, particularly Emirate of Dubai bears a testimony to the faith reposed by our clientele in our security of services.

We are also providing support to other companies operating in GCC states by way of Facultative Re-Insurance on various risks due to our vast underwriting capacities and financial strength.

Our Vision
To be the most respected and preferred non-life Insurer in the markets we operate.

The Oriental Insurance Co. Ltd

Address: Al Wasl Bldg no R 118, 3rd floor, office #303, Bank of Baroda Building, Back Side Entrance, Near Bur Dubai Abra Station, P.O. Box 478, Dubai, United Arab Emirates
Tel: +97143538688
Fax: +97143531722
Email: customercare@oicgulf.ae
Website: www.oicgulf.ae

Erection All Risk Insurance Dubai by The Oriental Insurance Co. Ltd Dubai UAE | Erection All Risk Insurance Dubai by The Oriental Insurance Co. Ltd Contact Details, Reviews, Location Map, Telephone Number, Address, Working Hours, Photos & Videos of Erection All Risk Insurance Dubai by The Oriental Insurance Co. Ltd in Dubai UAE. Find Erection All Risk Insurance Dubai by The Oriental Insurance Co. Ltd in Dubai business directory with contact details, telephone numbers, email addresses, websites, location maps, driving directions, deals, offers, prices, costs, reviews and ratings.

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