About Erection All Risk Policy

Erection All Risks (EAR) policy is designed to cover the plant and machinery under erection. Interest of suppliers/manufacturers, contractors, subcontractors can be recorded in the policy. This policy covers risks associated with storage, assembly/erection and testing of plant and machinery. EAR insurance provides a comprehensive cover. The cover commences from the date of arrival of first consignment at site. The cover terminates on the date of expiry as per policy or on completion of erection and trial run whichever is earlier. In the event of non- completion of the project within the period as per policy, cover may be extended for such further time as may be required at additional premium. We can combine transit insurance (overseas/inland) on project materials with EAR policy and select a combined Marine-cum- Erection policy. The following can be covered.

1. Additional customs duty
2. Air-freight
3. Catalyst during hot test (petrochemical risks)
4. Contractors’ plant & machinery
5. Escalation.
6. Express freight, overtime charges, holiday wages etc.
7. Holiday and overtime rates and wages.
8. Maintenance visit or extended maintenance
9. Owners' surrounding property
10. Removal of debris
11. Third party liability(with/without cross liability)

NOTE: THE BRIEF WRITE UP YOU FIND IN THIS WEBSITE FOR VARIOUS POLICIES IS ONLY A SYNOPSIS. THE DETAIL EXTENT OF COVERAGE WITH THE TERMS & CONDITIONS WILL BE SENT BY US TO YOUR MAIL ID ON REQUEST TO US. PLEASE MAIL TO CUSTOMERCARE@VIZZAFIN.COM