Major projects and investments present great opportunities but also harbor risks. Introducing Comprehensive Project Insurance (CPI) covering Construction risks such as bridges, tunnels and dams and Erection risks such as complex industrial facilities and power stations which have to be commissioned and undergo a performance test before take over by the client. The Policy is usually a tailor made policy designed to cater to the insurance requirement of each insured separately and appropriately. Usually it is reinsurance driven cover. Section IA Covers Project Works – complete industrial facilities, machinery, construction project above or below ground, preparatory work at construction site, any material to be used in the construction work stored at the site. Additional covers are for loss or damage from faulty manufacture. Section 1B is Marine Cargo Insurance taken out for transport of major items particularly from abroad. The period of insurance covers the construction and erection period including testing and defects liability phase. Sum insured to be the new replacement value. Section 2 covers third party liability including cross liability. Section 3 covers Delay in Startup. Section 4 is for Marine Cargo.