Erection All Risks Insurance
Protect Every Installation, Ensure Every Outcome
Accidental Damage Coverage
Storage & Handling Protection
Testing & Commissioning Risks
Multi-Site Equipment Safety
Human Error Safeguards
Natural Calamity Protection
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What is Erection All Risks (EAR) Insurance?
Erection All Risks (EAR) Insurance provides protection for contractors, manufacturers, and suppliers involved in installing or erecting machinery, equipment, or industrial plants. It safeguards against accidental loss or damage that may occur during storage, installation, testing, or maintenance at the project site.
This insurance is designed to cover a wide range of engineering and construction projects from large industrial setups like power plants, oil refineries, and factories, to smaller installations such as electrical systems, computer networks, or machinery units.
Who Needs Erection All Risks (EAR) Insurance?
Erection All Risks (EAR) Insurance is ideal for anyone involved in installing, assembling, or setting up machinery and equipment no matter the size of the project.
This coverage is beneficial for:
Property Owners or Renters
Installing new systems or equipment.
Small Business Owners
Setting up machinery for workshops or production units.
Medium-Sized Enterprises
Expanding operations or upgrading facilities.
Large Companies
Managing complex projects like power plants, factories, or refineries.
Why Do You Need Erection All Risks Insurance?
Erection All Risks Insurance protects your project from unexpected losses or damages during installation, testing, or maintenance.
It covers:
Accidents during unloading or setup
Damage during storage or erection
Loss during testing or maintenance
Physical loss or damage to equipment or structures
What Is Covered Under Erection All Risks (EAR) Insurance?
Erection All Risks (EAR) Insurance provides protection for projects involving the installation or setup of machinery, plants, and structures. It helps cover financial losses caused by accidental damage or unforeseen events during construction, erection, or testing.
Location Risks: Fire, lightning, theft, or burglary at the project site
Handling Risks: Impact from falling objects, Collision, Failure of Cranes or Tackles etc
Testing and Commissioning Risks*: Failure of Safety Devices, Leakage of Electricity, Insulation failure, Short circuit, explosion. etc
Risk of Human Element: Carelessness, Negligence, Faults in Erection/Construction, Strike & Riot, Malicious damage, Terrorism.
Act of God: Storm, Tempest, Hurricane, Flood, Inundation, Subsidence, Landslide, Rockslide, earthquake.
Testing Perils: Maximum value at risk.
Frequently Asked Questions
Common Questions About Erection All Risks (EAR) Insurance
BuyVima answers the most common queries to help you understand Erection All Risks Insurance before choosing.