Marine-cum-Erection (MCE) Insurance

This is a comprehensive policy covering all physical risks which a project is exposed to right from the warehouse of the supplier of equipment — whether imported or indigenous — to its erection, testing and commissioning at the site. It is a combination of Erection All Risks and Marine Insurance to cater to the needs of erection projects.

Our team is well-experienced in handling this type of insurance for our clients across the region.

This covers all physical loss or damage as under:

• Section I—Material Damage—covering physical loss, damage or destruction of the property insured by any cause, other than those specifically excluded in the policy.
• Section II—Third Party Liability—covering the legal liability falling on the insured contractor as a result of bodily injury or property damage belonging to a third party.

The policy covers all risks of physical loss or damage of the insured property other than those specifically excluded, including:

• Marine voyage for imports
• Offloading/storage at the port
• Inland transit to the site
• Storage, handling, erection at site
• Testing and commissioning at site

Who can take the policy?

• The policy can be taken by the principal, manufacturer/suppliers, contractor or subcontractor, jointly or separately.