Erection all Risk Insurance
The industrial manufacturing sector is a cornerstone of the economy, encompassing a diverse range of firms. The insurance sector plays a crucial role in supporting this growth by enabling risk management, financial stability, and investment activity.
Erection All Risks (EAR) Insurance provides comprehensive protection for principals, contractors, and manufacturers/suppliers involved in the erection, installation, testing, and commissioning of machinery and plant at project sites. The policy safeguards against sudden and unforeseen events that may result in loss or damage to insured property during storage, erection, or commissioning.
This insurance protects the business interests of project companies, machinery suppliers, manufacturers, and contractors, ensuring continuity and mitigating financial losses during critical project phases.
At Securisk Insurance Broking Pvt. Ltd., we have extensive experience in designing tailored EAR policies for our clients. Our dedicated team ensures comprehensive coverage without gaps, optimized pricing, and prompt delivery, aligned with client requirements and project timelines.
Key Coverages
Damage to insured property on-site due to perils such as fire, flood, cyclone, earthquake, and other contingencies
Third-party liability arising from bodily injury or property damage during the project