Engineering Insurance

The basic concept of Engineering Insurance is to provide comprehensive and adequate protection against loss or damage in respect of the contract works, construction plant and equipment and construction machinery as well as third party in respect of property damage or bodily injury arising in connection with the execution of a building project.

Erection All Risks (E.A.R) :

Erection All Risks

E.A.R Policy is a similar to C.A.R as it provides Comprehensive Protection including Legal Liability arising out of Property Damage or Bodily Injury suffered by Third Parties and occurring in connection with the Erection Works

E.A.R Covers Sudden and Unforeseen Loss or Damage during the Execution & Testing Period to Erection Works of Machinery, Plant and Steel Structures such as Turbines, Generators, Steam boilers, Compressors, Engines, Transformers as well as Industrial Plants such as Power Stations, Chemical Plants, Paper and Textile Factories

Normally the Insurers Liable for Loss or Damage due to the following causes:

  • Fire, Explosion
  • Theft, Burglary
  • Flood, Inundation, Windstorm
  • Earthquake, Landslide and Volcanism  
  • Erection Faults
  • Removal of debris from the site in the event of a loss indemnifiable under the policy

The Coverage can be extended to include such as: 

  • Strike, Riot & Civil Commotion
  • Maintenance Period after Execution of Works 
  • Inland transit and
  • Property in off-site storage
  • Existing Property if the contract an extension of an Existing Project
  • Manufacturer’s Risk