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Marine-Cum-Erection (MCE) Insurance

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 IMaterial Damagecovering physical loss, damage or destruction of the property insured by any cause, other than those specifically excluded in the policy.
  • Section IIThird Party Liabilitycovering 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.