Erection All Risks Insurance
Comprehensive cover for construction machinery installation and refurbishment across commercial/residential projects; available on a single risk or annual basis.
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Broker/agent trading options
Transactional
E-trade
Delegated authority/reinsurance solutions
During a construction project, the responsibility for insuring against loss or damage to electrical and mechanical plant whilst in the erection and installation stage often falls to the contractor or employer.
Our Response
Erection All Risks Insurance provides comprehensive cover for machinery installation and refurbishment across commercial/residential projects, and is available on a single risk or annual basis.
Our policy can be arranged in the name of the contractor, the principal or joint names depending on the project requirement.
Our Erection All Risks insurance policy provides cover for:
- machinery; from the commencement of loading for despatch to site (including transit and incidental storage)
- erection and installation of plant and machinery during the construction period
- defective design and machinery breakdown, where selected, during testing and commissioning
- free issue materials where these are included in the declared values
HSB supports Agriculture and Construction Equipment (ACE); the specialist police unit targeting equipment theft from construction sites and farms. > Learn more.
Cover can be extended to include advance loss of profits, owned contractors' plant and hired-in plant.
Delegated authority/reinsurance solutions
We can also provide our partners with innovative, all-encompassing construction solutions.
If you’re looking to provide specialist cover as part of your commercial proposition, contact our Partnerships Team.
Why buy Erection All Risks Insurance from HSB?
Our underwriters and risk engineers have extensive experience in providing construction insurance and are recognised as experts in this field. Drawing on our vast expertise in the construction sector, we are able to provide insurance products to meet the insurable risks of a specific project.
- Policy wordings specifically designed with contractors/sub-contractors, property builders and developers, and construction plant owners in mind
- Extensive underwriting expertise
- Specialist engineering knowledge of plant and machinery
- Cover available across the UK and Ireland
- Access to experienced in-house construction loss control risk engineers
- Access to claims handlers and loss adjusters with specialist knowledge of the construction industry
HSB is committed to providing a superior customer experience through our specialist claims service
HSB Claims Team
Claims Examples
Example Losses:
HSB Construction Insurance in action
Damage caused to a crane and contract works
£8,629
Claim
Accidental damage occurred to a crane and contract works on a construction site. We arranged for removal and repair of the crane so remedial action could be taken on the works immediately. Our customer adopted improved standards for the selection of ground conditions when undertaking lifts.
Damage caused to a trailer and excavator whilst in transit
£18,000
Claim
A hired-in trailer and excavator collided with a third party driver’s vehicle whilst in transit. Our loss adjusters declared the trailer beyond economical to repair and, taking into consideration the ongoing hire charges as well as repair costs, the same was decided for the excavator. The claim was settled directly to the hire company.
Damage caused to a crane whilst in transit
£29,000
Claim
A crane was being driven along a road when one of its tyres picked up a piece of debris which was then propelled into the vehicle's oil pipe, causing a crack. Oil began to escape through the cracked pipe, starving the transmission transfer box of oil and causing it to seize. This resulted in extensive damage to the gearing and bearings of the transmission transfer box.
Product Documentation
Brochures: E-Trade
Our construction products are also accessible to brokers online via HSB Fast Track and Acturis; making it quick and easy to quote and bind cover, process mid-term adjustments and obtain renewal terms.
Policy Documentation
HSB Annual Construction
HSB Project Construction
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Available for periods of up to 12 years, HSB Machinery Inherent Defects Insurance provides comprehensive cover for the mechanical and electrical services installed in new buildings undergoing construction, 'shell and core' building refurbishments, and completed buildings less than two years old.
Why choose HSB?
- Leading specialist provider of engineering and technology insurance and inspection services in the UK and Ireland
- UK-based arm of HSB Group, the equipment breakdown insurance and inspection market leader since 1866
- Part of Munich Re, a world leader in risk solutions, consistent risk management and financial stability
- Financially strong and stable – rated A++ (Superior) by A.M. Best Company
- A member of the Institute of Customer Service, demonstrating our commitment to continually improving customer service performance and professionalism
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