• Erection All Risk (EAR) Insurance

    • For all risks in erection of machinery/steel structures
    • Additional cover for third-party claims
    • Extendable to include a maintenance period

Product Overview

When you're trying to reach new heights, worrying about things going wrong can be a bit distracting.

Why not have someone else do the worrying for you. 

Our Erection All Risk (EAR) policy offers you comprehensive cover against all risks involved in the erection of machinery, plant and steel structures.

You are also covered for any third-party claims for property damage or bodily injury, arising in connection with the execution of an erection project.

What's Covered

The policy provides you with a very wide cover. Almost any sudden and unforeseen loss or damage to the property insured on the erection site, during the period of insurance, will be indemnified. Below are some of the most important causes covered under this policy.

 

 

Extensions

You can extend your policy to include a maintenance period. This can be added on through any one of the following covers.
  • Maintenance Visits Cover
    During the maintenance period, you will be covered for any loss or damage caused during operations, while complying with all obligations under the maintenance provisions of your contract.
  • Extended Maintenance Cover
    In addition to the protections provided under the maintenance visits cover, this covers any loss or damage that occurred during the maintenance period, but was caused during the erection period on the construction site.
  • Maintenance Guarantee Cover
    This is an additional cover for the manufacturer of the machinery or plant to be insured, if they are the ones commissioned to do the erection work. We will cover the manufacturer’s liability for loss or damage during the guarantee period, as stipulated in the supply contract, to a certain extent.

How to Get Insured

  • Apply by Phone

    Call us at 800 4746 (toll-free) for more information and to enrol over the phone.

  • Apply by Email

    Drop us an email with all your details and we'll get back to you soon.
  • Apply in Person

    Walk into one of our branches to get information, apply, and enrol in person.
Alternatively, request a call back from one of our insurance experts.

Product Resources

FAQs
  • No, sorry, these are non-cancellable policies.
  • No, any loss or damage to items that are immediately affected by the above are not covered. However, your insurance can be extended to cover any loss or damage to the correctly executed items resulting from an accident that happened because of faulty design, defective material or workmanship.
  • No, it's not. It totally depends on you. But we would say that it is advisable.
  • So, this is how it goes. You will need to estimate the maximum value of the stock that you may be holding at a particular point of time during the policy. This will be considered as the sum insured and the premium rate is charged based on this amount. 

    At the beginning of each month, you will need to declare the highest value of the stock that you were holding during the previous month. The same will be considered as the declaration for that month. At the end of the policy period, the premium is adjusted based on the average monthly declarations provided by the insured.
  • To be honest, we don't usually insure plastic factories. However, you can reach out to us and we can come to a decision based on your case.

See more FAQs

Downloads

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What our customers think

  • The claim was processed within no time & the approved amount was transferred online on the same day I got the claim summary report. Much appreciated.

    Firoz

  • So far, I have been very happy with the cover. It is speedy and I particularly appreciate the SMS messages to give ongoing updates about the process.

    Katie

  • The customer service I received from your staff was very good. They were friendly and very professional at the same time. They helped me with my queries. Your website too is very user friendly.

    Sandra

  • The staff was very helpful with the queries and assisted in all my requests. The service was very quick and prompt in the policy issue process.

    Fahmida

  • Coverage, premium, service, response, quality of interaction, ease of application, payment, post-sales services & all additional benefits everything is perfectly fine.

    Gilbert

  • The employee was very co-operative and fast, plus gave me discount. Finished everything online, no need to visit any office.

    Muna

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