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Which factors are considered for arriving at the sum insured under the Erection All Risk insurance policy?

• Prime cost of the machinery (Bare cost) (Manufacturers / Suppliers / Fabricators) plus
• Freight (Inland and Ocean) plus
• Duties / Excise paid at the point of origin, if any +
• Supervision cost at the point of loading, if any +
• Supervision cost at the point of destination, if any +
• Customs / Excise duty at the point of discharge, if any +
• Warehousing charges, if any +
• Clearing and forwarding expenses +
• Fabrication charges +
• Handling charges +
• Erection, supervision and other incidentals and other overheads