The ‘Erection All Risks’ (eAR) insurance provides cover for unforeseen, unexpected, sudden, accidental physical loss of or damage/destruction to the Erection works (permanent or otherwise) and Contractor’s Equipment from any cause other than the specific exclusions during the period of Insurance.The coverage include fire, lightning, flood, theft, malicious damage, earthquake, riots and strikes, burst pipes, impact, in-transit, and many others unless specifically excluded. Notable Extensions are
- Vibration, removal or weakening of support
- Strike, riot and civil commotion
- Cross liability
- Underground cables, pipes and other facilities
- Extended maintenance
- Existing Properties
Risks
Natural Hazards
- Wildfires
- Floods
- Storms
- Earthquakes
- Tornado
- Volcanic eruptions
- Hurricanes
- Typhoon
- Cyclones
- Tsunamis
- Other natural disasters
Man-made Hazards
- Theft & burglary
- Chemical spill
- Structural collapse
- Explosions and fires
Business Hazards
- Accidental losses
- Material damage
Protections
- Damage to contract works, plant and machinery
- Damage to property of 3rd party
- Damage to property of insured
- Loss of property of 3rd party
- Loss of property of insured
Industries
- Construction & Engineering
- Hotels, Restaurants & Leisure
- Industrial Conglomerates
- Real Estate
- Road & Rail
- Telecommunication Services
- Transportation Infrastructure