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Advantages of Engineering All Risk Insurance

Wider Coverage

Erection all risk plan offers material damage and third party liability cover. Custom duty, Invoice value, Freight and other temporary/permanent costs are covered as a part of the insurance to offer a wider coverage.

Customized Cover

Policy can be designed to suit specifics of an engineering project. In addition to key coverages like material damage and third party liability, add-ons like design deffect and removal of debris can also be included.

Competitive Premium

We offer pre-negotiated premiums with leading private and public sector insurers to offer discounted rates. Option to pay premiums in installments is offered depending upon the size and tenure of the project.

Complete Coverage

EAR policy provide cover for all the stages of an under erection project that involves storage, testing, maintenance or commissioning. Extended maintenance period could also be offered for 12 to 24 months period

Benefits of Engineering All Risk Insurance

Material Damage Cover

  • Engineering all risk insurance policy provides protection for machinery, equipment, civil work and other material present at the project site. Covers loss due to principal's surrounding property.
  • Policy covers perils such as fire, lightning, burglary, explosions, and natural disasters such earthquake & floods.
  • Additional to the material damage cost EAR policy also covers custom duty, freight, wages and other related expenses.

Covers Third Party Liability

  • Project insurance covers legal liability due to damage caused to surrounding property or property held in trust or under custody of the insured. Liability arising due to fatal or non-fatal bodily injury to any third person is also covered.
  • Extensions are available to include cross-liability wherein a claim by a co-insured could also be defended
  • Legal costs such as lawyer's fee, court compensation, settlement cost and other case related expenses are covered in the policy.

Wider Extension Coverage

  • Engineering insurance provides wider range of add-on coverage to offer a comprehensive cover for the under erection project. Covers testing period and extended maintenance period as key add-ons.
  • Other key extensions offered are Design Defect, Escalation Cost, Removal of Debris, and Expediting Expenses.
  • Clauses such as 72 hours, Co-Insurance, Waiver of Subrogation, 50:50 and Public Authority clause are covered to provide a complete coverage.

Frequently Asked Questions

Engineering all risk insurance covers erection or installation of machinery, plant and equipment ranging from erection of single machine to a large manufacturing unit. Policy protects the business from the physical loss or damage of contract work from perils such as fire, lightning and natural catastrophe. Policy also covers legal liability claims arises due to third party bodily injury and property damage.
Wide range of add-ons are available under erection all risk policy. Some of the key extensions included are cross liability, express freight, air freight and maintenance cover. Policy also pays additionally for cost of removal of debris and professional fees. Testing period, design defect and Expediting expenses are also offered under the policy.
The key elements included under “all risks” of this policy are-
  • Riot, strike or any form of malicious act
  • Burglary & theft
  • All kinds of natural calamities-storm, cyclone, floods, inundation
  • Loss due to error and negligence
  • Collapse or damage caused from foreign objects
  • Damages due to fire, explosion and other such perils
  • Electrical or mechanical faults
  • Engineering all risk insurance policy generally excludes willful negligence, total or partial cessation of work, faulty design and consequential losses. Damage to the erection work due to war, radiation contamination and act of terrorism are also commonly excluded under the policy. Legal liability for the injury to own workmen is also excluded.


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    What is Excess in Engineering All Risk Insurance and How does it affect the premium of Policy?

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