Engineering Project Insurance Cover (EPIC)

In some projects the sums insured for the construction part of a project and the erection part can be roughly equal. An example would be a hydroelectric power plant including the construction of a dam, river diversion and powerhouse buildings, and the erection of turbine generators with coolers, exciters and all auxiliary equipment. This normally entails issuing two separate policies – one for the construction works and one for the erection of the machinery.

 

However, there is another possibility: In order to close any possible gaps in cover and to reduce administration policy which is a combination of the Contractors' All Risks and Erection All Risks policies. The insurance protection offered is as described under Contractors' All Risks and Erection All Risks policies.

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