Erection All Risk
"Protect Your Projects with Erection All Risk Insurance (EAR)"
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- Sample Headings
About EAR – Erection All Risk
- What is EAR? (Click on Every points should be get breif explanation as below mentioned Contents)
- Basic Coverages.
- Add On Coverages.
- Claim Process Support.
- Free Consultation for the PLI Product.
What is EAR?
An Erection All Risk (EAR) policy is a type of insurance that covers loss or damage occurring during the installation of machinery or equipment. The cover for Erection All Risk insurance policy starts from the commencement of unloading of materials at the project or construction site.
Erection All Risk
- Installation and Testing:- It provides coverage against any physical damages or losses during erection or installation of any plant, machinery, and equipment
- A contractor or employer benefits:- It offers cover to all the parties included in all types of construction, such as contractors, equipment suppliers and manufacturers, as well as the owner.
- Mishaps or Disasters:-It offers protection against any event of man-made or natural disaster such as explosion, fire, short circuit, floods, landslides, cyclones, riots, strikes, theft etc. It also includes any mishap due to an error during the erection process of building or any human casualty due to an act of negligence.
Add On Coverages
- It also covers physical damages to machineries, human casualties, as well as third-party damages/ expenses.
- It covers other Miscellaneous expenses incurred during the installation or erection process such as third-party liability, freight expenses, cost for debris clearance, customs duty, damages to property, whether own or third party, etc.