Policy snapshot
EAR covers risks associated with the erection, installation, and testing of electrical, mechanical, and heavy industrial equipment at project sites.
What is Erection All Risks (EAR) Insurance?
EAR Insurance protects contractors and clients during the installation of industrial plants and machinery. It covers accidental damage during erection, testing, or commissioning phases.
What can it cover?
- The policy covers accidental physical damage to machinery and equipment during unloading, erection, testing, and commissioning at the project site. It includes perils such as fire, explosion, lightning, human error, and natural calamities. Optional add-ons include third-party liability, surrounding property, and terrorism risk coverage.
Who should consider it?
- EPC contractors, industrial plant owners, Any businesses handling installation of heavy electrical or mechanical assets
Key features to understand
- {"heading": "Key Features", "bullets": ["Covers erection, testing, and commissioning stages", "Third-party liability and surrounding property damage available", "Suitable for one-off projects or annual policies", "Burglary cover can be added for stored materials", "Terrorism cover available as an optional extension"]}
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.