Comprehensive and adequate insurance protection against all risks involved in the erection of machinery and plant as well as structures of any kind. This policy provides coverage to all types of projects including large projects such as erection of Thermal Power stations, Fertilizers Plants, Oil refineries or the installation of complete factory facilities, which bring about so many risks for both the contractors and the principal.
Coverage right from the moment the material are unloaded on the site of the projects/ works and continues during storage, physical erection and till the test run is over.

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.

Period of Cover

The insurance cover commences from the date of arrival of first consignment at the site of erection and continuous until immediately after the first test operation or test loading is concluded.

Additional Covers

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

Rating

The rating depends on:

• Type of projects
• Period of projects
• Testing period
• Sum insured of Project
• Deductible
• Location of project
• Extensions opted