Erection All Risks (EAR) Insurance is essential for construction projects involving the installation of high-value machinery and complex plant systems. EAR insurance provides comprehensive protection against a wide range of risks, including physical damage during installation, testing, and commissioning, as well as third-party liability claims. By covering potential losses due to accidents, natural disasters, or unforeseen events, EAR insurance ensures that contractors, developers, and project owners can safeguard their investments from unexpected setbacks.
Covers the cost of repair or replacement due to accidents, fire, or natural hazards impacting equipment or structures during installation.
Offers coverage for third-party claims arising from accidental injury or property damage connected to the project.
Provides peace of mind and financial stability, helping you focus on timely project completion, regardless of unforeseen risks.
EAR insurance offers extensive protection, covering everything from material damage to third-party claims. This all-encompassing installation insurance protects every phase of your project, ensuring that permanent and temporary structures and high-value machinery are secured against unexpected losses.
With EAR insurance, you can safeguard your investments in essential equipment and construction materials, providing a strong financial foundation even when facing unforeseen risks like accidents or natural events. This coverage ensures that your capital remains protected, allowing for continued project momentum.
By covering losses related to damages or delays, EAR insurance helps minimise disruptions. This project insurance is essential for keeping projects on schedule, mitigating the risk of costly setbacks, and ensuring that your operations proceed smoothly, even in adverse conditions.
EAR insurance protects essential project components, including machinery, equipment, and structural installations, safeguarding them against risks like accidents, fire, and natural hazards.
Coverage extends to temporary on-site structures such as tools, site offices, and critical construction equipment. This ensures that all resources necessary for project completion are protected, minimising disruptions from unexpected losses or damages.
EAR insurance includes protection during critical testing phases, covering potential defects or failures in equipment and installations. This aspect of coverage supports smooth project progression, safeguarding the project's success from installation through to operational readiness.
The policy includes construction liability insurance, covering claims for accidental injuries or property damage caused by installation activities. This coverage is essential for projects with substantial risk exposure, protecting against potential financial liabilities to third parties.
EAR insurance also offers customisable options, such as coverage for project cargo during transportation and delay in start-up protection, which can mitigate financial losses caused by project delays.
For companies managing large-scale installations, EAR insurance provides extensive risk protection tailored to the unique challenges of complex projects. Ensuring all equipment and operations are covered allows these firms to focus on efficient project completion without unexpected financial setbacks.
EAR insurance safeguards the financial and physical aspects of high-value projects. Whether building a new plant or expanding industrial capacity, project owners in Indonesia can benefit from ensuring local compliance and comprehensive protection in case of damages or liabilities.
Suppliers responsible for the installation of costly, specialised machinery need assurance that their assets are secure from the moment they arrive on-site until the project’s handover. EAR insurance provides a reliable safety net, supporting suppliers with coverage against unexpected losses.
Our Erection All Risks insurance offers tailored coverage limits based on your project’s specific value and risk profile, providing you with comprehensive security from start to finish. Clients seeking protection for high-value installations can conveniently explore options to buy Erection All Risks insurance that meets their needs precisely.
With adjustable deductibles, businesses can control premium costs, finding a balance between affordability and out-of-pocket expenses. MIR offers a range of deductible options to fit the unique financial needs of each client.
Standard EAR insurance exclusions include issues like faulty workmanship or design flaws; however, we provide the flexibility to extend coverage for certain additional risks if required. Customisable exclusions help to focus on essential coverage areas while allowing clients to add specific protections as necessary.
Our policy’s flexibility allows you to add targeted options, such as coverage for off-site property, overtime costs, or project cargo coverage to protect materials during transport. This adaptability ensures you’re fully prepared for every stage of the project, supporting uninterrupted progress and minimising financial risk.
Erection All Risks insurance provides comprehensive coverage for physical damage to machinery, equipment, and installations during the erection phase. It also includes third-party liability and optional extensions, such as project cargo coverage to protect materials in transit.
Reach out via our website, phone, or email to connect with our knowledgeable insurance experts. They are ready to delve into your business's unique needs and address any inquiries you may have.
We'll organise a consultation to evaluate your business's physical assets and pinpoint potential risks. During this meeting, we will guide you through various coverage options, limits, and additional protections, such as Business Interruption.
We will use the insights gathered to prepare a personalised insurance quote that matches your business requirements. We'll go over this quote with you, detailing policy specifics, deductibles, and premium choices for complete understanding.
When you decide to proceed, we'll finalise your policy. Our team will assist you through the necessary paperwork, ensuring a seamless and straightforward process.
With your insurance secured, you can manage your business with assurance, knowing your assets are safeguarded against unexpected events. If you need to file a claim or adjust your coverage, our dedicated team at MIR will handle the entire claims process for you, providing support and guidance every step of the way.
