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The Erection All Risk (EAR) insurance program covers the risks associated with industrial erection and testing of individual machines, industrial machinery, industrial plants, steelworks, structures, and third-party property and bodily injury related to the erection work. Coverage may include civil engineering works, erection equipment, debris removal, professional fees, and the principal’s existing property.
The sum insured for EAR insurance is the fully erected value of the property, including freight and customs duty. Coverage begins from the date the first consignment arrives at the erection site and continues until the policy period expires or the project is completed, whichever occurs first.
The premium for an EAR insurance program depends on several factors:
Punarnava EAR policies are crafted with meticulous attention to detail and customised to meet client needs. Key factors in designing a tailored EAR policy include:
Punarnava ensures that each EAR policy is tailored to the specific requirements of the client, providing comprehensive protection and peace of mind throughout the erection process.
