Erection All Risk (EAR) insurance provides coverage for construction projects. It protects against a wide range of risks, including damage to the property insured at the project site whilst being stored, erected, tested and maintained.
During the construction phase, various risks can result in material damage. This can include damage to construction materials, equipment, and machinery. Erection All Risk Insurance covers the cost of repairing or replacing damaged materials, ensuring that the project can proceed without delay or additional financial burden.
Smooth sailing starts with secure coverage. Navigate with confidence!
Workplace safety meets peace of mind – your team, our coverage!
Healthy teams, happy teams! Elevate your workplace wellness.
Home is where the heart is. Protect it with the right insurance.
Oops-proof your journey. Liability coverage for life's unexpected moments.
Engineer peace of mind. Build a secure future with our coverage.
For the rest of life's adventures, we've got you covered!
Construction machinery is invaluable for completing projects efficiently. However, these machines are susceptible to breakdowns and damage. Employee All Risks (EAR) insurance covers the cost of repairing or replacing damaged machinery, minimising potential project delays and financial setbacks.
Natural disasters such as earthquakes, floods, and hurricanes can cause extensive damage to construction projects. Erection All Risks Insurance provides protection against these perils, ensuring that if the project is affected, the financial losses are covered. This coverage allows construction projects to recover and resume their operations quickly.
Construction sites are inherently dangerous environments, and accidents can occur despite safety precautions. An EAR insurance policy can provide coverage for injuries to workers, subcontractors, or third parties.
In the event of a project delay or unexpected disruption, the financial losses can be substantial. EAR insurance can help mitigate these losses by covering additional expenses incurred due to project delays, including increased labour costs, eхtended rentals, or penalties. This coverage allows the project to stay financially on track and avoid unnecessary financial strain.
Many construction contracts require contractors to maintain certain insurance coverage. Erection All Risks insurance meets these contractual requirements, ensuring that the project owner or contractor is in compliance with the terms and conditions agreed upon.
Undertaking a construction project can be daunting, considering the potential risks involved. By having Erection All Risks Insurance in place, project owners and contractors can have peace of mind knowing that unexpected events are covered. This reassurance allows them to focus on delivering the project successfully without undue stress or financial worry.
Erection All Risks Insurance is an essential component of any construction project. Its coverage protects project owners and contractors from a range of risks, including natural disasters and liabilities. EAR insurance offers financial security, peace of mind, and the ability to navigate unexpected challenges confidently.
To know what is included in our Erection All Risks Insurance click here.
- Engineering Insurance
- Product Code: 4021
- Product UIN: IRDAN115CP0001V01202021