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Erection All Risks (EAR /SCE)

The erection all risk insurance plan is a comprehensive insurance policy that covers losses or damages that happen to the projects. The loss or damage might happen due to the erection or installation of the plant, machinery, or equipment. Additionally, it protects the contractor against third-party liabilities. Let’s dive into more details!

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Secure & Compliant

Fast Claim Support

Trusted Insurer Partners

Benefits of Erection All Risks (EAR /SCE)

Erection All Risks (EAR /SCE)

Financial Protection: One of the benefits of purchasing an erection all risk insurance plan is that it provides financial protection against loss or damage incurred due to the erection of a plant or machinery.

Enhanced Coverage: The policyholders of erection all risk insurance plans can buy add-ons with their base policy. These rider benefits will enhance the overall coverage of your plan. However, you may have to pay an additional premium to buy add-ons.

Single Plan: Another key feature of purchasing an erection all risk insurance plan is that you can buy one plan for the entire project. Henceforth, you don’t have to renew your plan on an annual basis to get insurance coverage.

Frequently Asked Question

Understand your insurance policy options. Identify the best value. Enjoy peace of mind.

FAQ Illustration

Following individuals should buy an erection all risk insurance policy:

  • Contractors
  • Subcontractors
  • Equipment suppliers
  • Purchasers or owners
  • Manufacturers

The insured may not have to report losses to the insurer if the loss amount is less than the deductible. However, in case you are not sure about the final loss amount or deductible amount, you can contact the support team of the insurer.

Each insurance plan has a specific time limit to make claims, including an erection all risk insurance policy. It is advisable to submit all the required documents at once to ensure a quick and hassle-free claim settlement process.

Following are the add-ons that you can purchase with your erection all risk plan:

  • Cross liability
  • Third-party liability
  • Express freight
  • Air freight
  • Escalation
  • Maintenance cover
  • Holiday and overtime charges

The loss and damage that happen due to negligence, bad workmanship, poor design, defective material, nuclear reactions, or radioactive contamination are not covered under the erection all risk insurance plan.

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