Assembly All Risks Insurance


Assembly Insurance

This is an insurance that will compensate any loss or damage resulting from installation and assembly of the plant or industry structures, and the electrical parts and installation of the facility. Insurance amount includes the value of constructional materials and works (including customs, duties, fees, transport and labor costs, if available) and, if guaranteed separately, current market value of machines, devices, used for construction, and equipment and temporary construction huts and auxiliary buildings.

If the project to be done covers both the construction and assembly works, this is referred to as “Construction-Assembly Insurance” term.