Erection All Risks Policy
Comprehensive coverage for the installation, assembly, and dismantling of machinery and structures
Erection All Risks (EAR) Insurance is designed to protect both contractors and principals during the various phases of machinery and plant installation, including storage, transportation, and commissioning. It covers a wide range of projects, from power stations and oil refineries to complete factory setups, shielding against unforeseen risks and financial losses that may occur during the erection and testing process.
Key Benefits
- Comprehensive coverage for storage, erection, and commissioning of machinery
- Protection against unforeseen and fortuitous events causing property damage
- Covers both large and small-scale projects
- Suitable for a variety of industries, including power plants and refineries
- Ensures financial security for contractors, principals, and suppliers
Health Cover Up
to ₹50 Lacs
What is Erection All Risks Policy?
Erection All Risks (EAR) Insurance covers projects involving machinery installation, protecting against financial loss due to unforeseen damage during erection, testing, or commissioning stages.
Why do you need Erection All Risks Policy?
Comprehensive Project Coverage
Protect your machinery, equipment, & assets during installation, testing, & commissioning.
Protect Against Installation Risks
Safeguard your project from unexpected damage during the erection phase.
Contractor & Principal Protection
Ensure financial security for all parties involved in the construction and installation process.
Minimize Financial Losses
Cover your assets from damage caused by accidents or unforeseen events during installation.
Why choose Insurance Manager to protect your business?
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
What does Erection All Risks Policy cover and exclude?
Plan Coverage
Fire Group Risks
Protection against fire accidents or incidents caused by external fire sources.
Burglary
Covers loss or damage due to theft or burglary at the construction site.
Accidental Damage
Any unforeseen and accidental physical loss or damage during erection.
Natural Disasters
Includes events like earthquakes, floods, landslides, storms, hurricanes, and typhoons.
Third-Party Liability
Coverage for bodily injury or property damage to third parties due to project activities.
Project Site Risks
Loss or damage to materials, machinery, and equipment during erection/installation.
Marine + Erection Coverage
From dispatch at the exporter’s warehouse to completion at project site, including war, strike, riot, and civil commotion (SRCC).
Erection Charges & Civil Works
Insures costs associated with setting up machinery and performing civil engineering works.
Major Exclusions
Losses During Testing
Damage or breakdowns during performance or trial testing stages are excluded.
Contractual Penalties
No cover for penalties due to delay or non-performance under contract terms.
Nuclear & War Risks
Claims due to nuclear reaction, war, or radioactive contamination are not included.
Damage to Items in Use
Excludes damage to items already in operational use or moved after project completion.
Atmospheric Conditions
No coverage for damage from extreme temperatures unless resulting from covered events.
Willful Negligence
Any intentional acts, gross negligence, or violation of legal/statutory provisions.
Wear & Tear / Corrosion
Excludes natural wear and deterioration, rusting, and corrosion.
Plan Coverage
New Project Setup Protection
Coverage for the assembly, erection, and testing of new projects and individual machines.
Expansion Project Coverage
Protect your operations during the expansion of existing projects or facilities.
Dismantling and Re-Assembly Insurance
Safeguard your assets during the dismantling and re-assembly of existing machinery or facilities.
Supplier and Manufacturer Coverage
Extend protection to suppliers, manufacturers, contractors, and subcontractors involved in the project.
Comprehensive Site Coverage
Coverage begins from the unloading of the first consignment at the project site.
Installation and Commissioning Protection
Insure your machinery and equipment during installation, testing, and commissioning.
Project Handover Coverage
Protection until the completion of testing or the handing over of the project to the principal.
All-Risk Coverage for Project Activities
Extensive cover for storage, erection, testing, and commissioning of various project activities.
- In-patient treatment 24 hours a day
- Pre-existing disease
- Pre and Post hospitalization
- Domiciliary hospitalization expenses
- Reimbursement of cost of health check-up
- All day care procedure
- Family floater to covers member’s immediate family such as a spouse, dependent children, dependent parents, etc.
- Maternity benefits
- Dental treatment
- Cost of spectacles, contact lenses
- Waiver of waiting period
- Waiver of first-year exclusions
- Reimbursement of ambulance costs
- Baby day one care
- Vaccination benefits
- Increased room rent limits
- Corporate buffer
- Out-patient treatment (OPD Card)
- Root canal surgery
- In-hospitalization expenses due to sickness or accidents
- Room and boarding expenses as provided by the hospital/nursing home.
- Nursing expenses.
- Surgeon, anesthetist, medical practitioner, consultants or specialist fees.
- Anesthesia, blood, oxygen, operation theatre charges, surgical appliances, medicines and drugs, diagnostic materials and X-Ray, dialysis or chemotherapy.
Major Exclusions
Loss Discovered During Inventory
Excludes losses primarily discovered only at the time of inventory or stocktaking.
Wear and Tear
Does not cover damage caused by normal wear, tear, or gradual deterioration over time.
Surface Scratching and Glass Breakage
Excludes damage to painted surfaces, polished surfaces, or glass breakage.
Faulty Design or Poor Workmanship
Excludes losses caused by defective design, material, or bad workmanship.
Damage to Files and Documents
Does not cover loss or damage to files, drawings, or business records.
Contractor’s Machinery Breakdown
Excludes damage to contractor’s plant or machinery due to mechanical or electrical breakdown.
Nuclear Risks
Losses arising from nuclear reactions, radiation, or radioactive contamination are excluded.
Damage Due to Atmospheric Conditions
Excludes losses resulting from environmental factors like rust or extreme weather conditions.
- Treatment of pre-existing illnesses.
- Any treatment for illnesses/diseases within the first 30 days of the policy, unless it is an accident.
- Treatment of specified illnesses for the first year of the policy.
- Certain diseases like hernia, cataract, piles, sinusitis, etc are excluded during the first year of operation in the cover.
- Any claim arising out of or traceable to pregnancy.
- Ayurvedic, homeopathy, naturopathy or any other form of local medication.
- Alcoholism, drug abuse, and AIDS.
- Dental treatment or surgery unless it requires hospitalization.
- Cost of spectacles.
- Vaccination and inoculation.
- Cosmetic treatment.
Your Journey to Insurance Manager
When can I Claim?
A claim under Erection All Risks Policy can be registered in the below circumstances:
- When machinery suffers unexpected breakdown due to mechanical or electrical failure.
- If damage occurs during operation, testing, or commissioning of the machinery.
- In case of unforeseen events like fire, explosion, or natural disasters causing machinery damage.
Claim what’s yours with Insurance Manager
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