Erection All Risk Insurance

Erection All Risks (EAR) insurance provides cover for machinery installation and refurbishment and is available on a single risk. Coverage is on an all-risks basis and in particular includes fire, lightning, explosion, aircraft damage. Riot, strike, malicious act. Flood, inundation, storm, cyclone, and allied perils are subject to the exclusion of the policy. Similar to contractors' all risks insurance, the policy can be arranged in the name of the contractor, the principal, or joint names depending on the project requirement

EAR policy provides cover for:

• Machinery from the commencement of loading for dispatch to the site (including transit and incidental storage)

• Erection and installation of plant and machinery during the construction period

• Defective design and machinery breakdown, where selected, during testing and commissioning

• Free issue materials where these are included in the declared values

Exclusion:

• War, invasion, the act of a foreign enemy, hostilities or warlike operations (whether war be declared or not) civil war, rebellion, revolution, insurrection, mutiny, civil commotion, military or usurped power, martial law, conspiracy, confiscation, commandeering a group of malicious persons or persons acting on behalf of or in connection with any political organization, requisition or destruction or damage by order of any government de jure or defacto or by any public, municipal or local authority;

• Nuclear reaction, nuclear radiation, or radioactive contamination

• A willful act or willful negligence of the insured or of his responsible representative;

• Cessation of work whether total or partial

• Inventory losses

• Manufacturing / design defect

• Consequential loss