The Erection All Risk insurance policy provides coverage for any loss or damage incurred during the installation of machinery or equipment in a factory or office. This policy offers financial assistance to the employer in case of unforeseen events that could disrupt implementation, create financial burdens, and leave the situation seemingly out of control.

Key Features of Erection All Risk Insurance:
Comprehensive coverage for the erection of projects, including storage, erection, and testing of property at the insured site.
Coverage is provided for the entire project duration rather than on an annual basis.
Various add-ons are available to customize coverage according to customers’ needs.

What Does Erection All Risk Insurance Cover?
The Erection All Risk (EAR) cover starts from the unloading of the first consignment at the project site and ends upon completion of testing or handover to the principal employer, or the chosen period, whichever is earlier. Covered eventualities include:

Fire, explosion, lightning, and aircraft damage
Flood, storm, cyclone, landslide, and allied perils
Riot, strike, malicious acts
Faults in the erection of buildings
Burglary and theft
Human errors, acts of negligence
Electrical and mechanical breakdown
Short-circuiting, arcing, excess voltage
Collapse, damage due to foreign objects, impact damages
Any other sudden, unforeseen, accidental damages not explicitly excluded.