This type of insurance covers construction projects during periods of implementation until delivered to the owners. Furthermore, it ensures the same coverage for the contractors all risk CAR insurance and extends to include trial, testing and maintenance periods, such as installation of machinery, equipment, machines and production lines.
Features of the "Erection All Risks EAR Insurance" program:
● Coverage includes risks of fires, explosions, storms, floods, earthquakes, robberies, electrical hazards, ruptures and faults in installation and construction works.
● Coverage includes public liability for physical and financial damages of third parties due to implementation of installation and construction works.
The company was established by a group of experienced Palestinian businessmen at a time when political and economical development features were unclear. After Israeli insurance companies retreated from work in the country, The National Insurance Company set their sights on being an economical edifice based on national capital whose spine is the wings of the nation’s children whom have gained deep extensive experience through working tens of years in diaspora. Helped and befriended by a generous nation, longing wore on it to depend on itself in building its present and future. After a journey of 23 years, the National Insurance Company retains its aim of providing the best insurance service for the Palestinian people.