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Erection All Risks Insurance

​​​​​​​​​​​​​​​​​​Cover loss or damage from erection/installation projects.

Including damage from lack of expertise, negligence, natural disaster, theft, and accident.

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Covered risks

 

Lack of expertise
that leads to damage

 

Negligence
by the contractor or workers

 

Natural disasters

 

Theft

 

Accidents not included in the
exceptions clause of the policy

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Add-on coverages

  1. Windstorm
  2. Damage caused by vehicles
  3. Explosion
  4. Smoke
  5. Hail
  6. Air
  7. Flood
  8. Water damage
  9. Earthquake
  10. Power Surge
  11. Riot or civil commotion

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Insurance Details

ProtectionInsured capitalProtection period
Section 1: Installation of machinery and systems.Equal to work value as per the contract.As per the work contract; or as per the work schedule.
Section 2: Responsibility to third parties.As deemed appropriate by the insurer.

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How to Apply

Information for underwriting
  • Work contract
  • Construction plans
  • Work schedule or work progress
  • Bill of quantities (BOQ)
  • Layout of the construction site
  • List of machines to be installed, including model, brand, and quantity

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Contact

Corporate & SME Bancassurance Unit

Kasikorn Bank, Rat Burana Headquarters
Fax: 02-470-4692

Preeda Srirojjariya

Call 02-2732712 / 086-9770132
Email : preeda.s@kasikornbank.com

Natthawat Pornanantasat

Call 02-2731543 / 085-9119124
Email : natthawat.p@kasikornbank.com

Note:

  • Kasikornbank Public Company Limited is a non-life insurance broker that only provides advice, offers products, and facilitates the payment of premiums, while Muang Thai Insurance Public Company Limited and/or other insurance company parties are responsible for coverage and benefits according to the terms stated in the insurance policy
  • The buyer should understand the details and terms of coverage before deciding to purchase insurance

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