Erection All Risks (EAR) policies are designed to cover the risk of loss arising from the erection and installation of machinery, plant and steel structures. This could include physical damage to the contract works, equipment and machinery, and liability for third-party bodily injury or property damage arising out of these operations.
This is an “All Risks” policy covering various activities of erection/installation, testing, and commissioning of plant and equipment (except specific exclusions as mentioned in the policy).
It protects a contractor or employer against physical loss or damage to the contract works, construction plant and equipment, or machinery. It also includes cover for damage to property and bodily damage of third parties.
EAR insurance provides a wide net cover. Almost all loss or damage to the property insured on the site during the period of insurance will be covered.