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Erection All Risk (EAR) Policy

An Erection All Risk (EAR) Policy is a specialized insurance designed for projects involving the erection and installation of machinery, plants, and industrial equipment. It provides comprehensive coverage against a wide array of risks encountered during the erection phase of a project, such as damage to equipment, third-party property damage, and injuries caused to workers or third parties. This policy is crucial for any project that includes the assembly, installation, or commissioning of large machinery or complex equipment, including construction, power plants, and other industrial facilities.

Why Do You Need an Erection All Risk Policy?

Erection projects, especially those involving large-scale machinery, plants, and equipment, come with significant risks. The EAR policy is designed to address these risks, ensuring that any unexpected mishaps do not lead to financial devastation. Below are some reasons why you should consider purchasing an EAR policy:

Who Can Take an Erection All Risk Policy?

Features and Benefits of an Erection All Risk Policy

Features: Benefits:

Frequently Asked Questions (FAQs) about Erection All Risk Policy

  • 1. What does an Erection All Risk policy cover?

    The EAR policy covers damages to machinery, equipment, and materials during installation, including risks during transport, storage, and handling. It also includes third-party liability coverage in case of property damage or injury caused during the installation process.

  • 2. Does the EAR policy cover poor workmanship?

    Typically, the EAR policy does not cover damages resulting from poor workmanship or design flaws. It is important to clarify with the insurer whether such exclusions apply or if additional coverage is available.

  • 3. Can subcontractors purchase EAR insurance?

    Yes, subcontractors involved in the installation process can purchase their own EAR insurance to cover their specific responsibilities. The insurance is designed to protect all parties involved in the installation phase.

  • 4. Is EAR insurance only for large-scale projects?

    Although EAR insurance is often used for large industrial or construction projects, it is also suitable for smaller-scale installation projects. The policy can be tailored to fit the specific needs of any project.

  • 5. Can the EAR policy be extended to cover maintenance?

    In some cases, EAR insurance can be extended to cover maintenance periods after installation. This ensures that any damage or defects that arise during testing and commissioning are also covered.

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