Erection insurance is especially relevant for companies involved in the installation and assembly of technical systems or machinery—such as assembly contractors, mechanical engineering firms, and plant manufacturers. Purchasers of equipment and participating subcontractors also benefit from this comprehensive protection.

The insurance helps prevent financial losses caused by damages or disruptions during the assembly process. It covers risks such as operator errors, unforeseen events, or weather-related conditions that may impact project completion.

Erection insurance offers all-risk coverage for a wide range of risks that may occur during installation, including:

• Operator errors, negligence, and malicious acts
• Design, material, and assembly defects
• Fire, lightning, and explosion
• Theft, vandalism, and force majeure
• Exceptional weather-related influences

Optional extensions include:

• Extended Maintenance: Covers damage discovered only after project handover
• Erection Business Interruption: Covers financial losses caused by project delays resulting from insured assembly damage
• Cleanup and Recovery Costs: Covered up to the agreed limit

Coverage typically includes:

• Assembly objects: Machinery, mechanical or electrical systems, and all components and services related to the erection of the object
• Assembly equipment: Tools, cranes, scaffolding—if included in the policy
• Third-party property: Items not part of the assembly object or tools—if specifically requested

Typically excluded are:

• Damage caused by intentional acts of the policyholder
• Wear and tear or gradual deterioration
• Acts of war, nuclear incidents, and standard weather conditions

A careful review of the policy conditions is recommended to fully understand all exclusions.

Yes, through a separate transport insurance policy, coverage can be extended to protect insured items while being transported to the assembly site.

Erection insurance covers the cost of restoring the insured items to their original state prior to the loss. Additionally, cleanup and recovery costs may be reimbursed up to the agreed limit.