Erection-All-Risk Insurance

AIICO’s Erection-All-Risk policy provides broad insurance coverage during construction or erection of machinery, plant and steel structures. It protects against the following unforeseen sudden physical losses or damages:

  • Excessive Pressure
  • Fire & lightning
  • Explosions & Implosions
  • Short Circuits
  • Natural Disasters (Including: storm, windstorms, landslides and so on)
  • Theft, Burglary & Malicious Damage
  • Negligence
  • Third Party Liability

The policy coverage are in two parts:

Section I: Material Damage:

This section provides cover for material damage due to unforeseen and sudden physical loss or damage from any cause other than those specifically excluded from the policy.

Section II: Third Party Liability:

This covers accidental bodily injury or illness of third parties.  It also covers accidental loss or damage to property belonging to third parties that occur in direct connection with the erection, construction or testing of the items insured under section 1 which may happen in the immediate vicinity during the period of cover.

Who purchases ths cover?

This is for corporate and business owners.

Speak to an AIICO Staff or Agent today. You may also reach us via our website; Contact us on

About Us

AIICO Insurance Plc., is the leading life insurer in Nigeria.

Founded in 1963, AIICO provides life and health insurance, general insurance, investment management and pension management services as a means to create and protect wealth for individuals, families and corporate customers.