What is the basis of indemnity in Engineering all risk insurance?

An engineering all risk insurance policy covers the loss arising out of the erection and installation of machinery, plant and steel structures. It protects coverage against physical damage to the contract works, equipment, and machinery. This policy also covers the liability for third-party bodily injury or property damage. Indemnity in general means the security against […]

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What is Engineering All Risk Insurance?

Engineering All Risk Insurance (EAR Insurance) has been made in relation to projects for construction. The policies of the EAR have been designed in such a way so that it covers the risk of loss attributable from the installation and erection of plant and steel structures, equipment and machinery. It also covers the liability of […]

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What is covered under Engineering All Risk Insurance?

Engineering all risk insurance covers a wide range of risks to which a project is exposed to, starting right from ordering of material at site till successful testing and completion of the project. This plan is very useful for owners, contractors, architects, consulting engineers and investors because it leads to the reduction of overall construction […]

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What is not covered under Engineering All Risk Insurance?

Engineering all risk insurance policies cover the threats of loss arising out of installation of machinery, plant, and engineering structures, like physical damage to the contract works, tools and machinery, and liability for third-party bodily injury or property damage (PD) happening due to any of these operations. Insurance for delay in start-up costs is typically […]

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How can you minimize the premium for Engineering All Risk Insurance?

During the erection and installation of machineries, the dangers involved are high that can result into huge losses and damage to property. The risks can cause huge financial losses to the contractor. The policy offers cover at several stages of an engineering project, like Storage, Testing, Handling and Commissioning at a plant or engineering site. […]

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Who can purchase Engineering All Risk Insurance?

Engineering all risk insurance policy is especially designed for industrial plants and machinery, construction businesses, etc. where developing a new set-up involves some risks that may have devastating financial consequences. Engineering all risk insurance policy offers coverage at several stages of an engineering project that involves–Storage, Testing, Handling or Commissioning at a plant or machinery […]

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How to file a claim under Engineering All Risk Insurance?

Engineering all risk insurance is one of the General insurances which consider economic safeguarding, the risks faced at any on-going project, installation project, and machines and equipment used at the project site. The following steps are to be followed for filing a claim under the engineering all risk insurance Intimate the office: The first step […]

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