Erection All Risks Policy

Erection All Risks (EAR) policy provides coverage for Erection of mechanical and Electrical plants. Interest of Suppliers/Manufacturers, Contractors, Subcontractors can be recorded in the policy.

Scope of cover

This policy covers risks associated with storage, assembly/erection and testing of Plant and Machinery. EAR insurance provides comprehensive cover. All perils are covered unless specifically excluded. Cover incepts from the time of unloading of the first consignment at the project site and terminates on completion of testing or handing over of the project to the Principal, or the period chosen, whichever is earlier.

Sum Insured

Sum to be insured is the completely erected value of the plant and machinery inclusive of freight, custom duty and cost of erection.

Premium

Premium depends on various factors such as type, protection, experience of contractors, duration of the project, period of testing, etc.

Main Extension

Policy can be extended on payment of additional premium to cover

• Escalation
• Clearance and Removal of Debris
• Third Party Liability
• Maintenance
• Damage to Owner’s Surrounding Property
• Express Freight
• Additional Customs Duty
• Holiday and Overtime rates and Wages

View Non-Motor Claims Procedure

Download Proposal Form

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