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LIC Product and Forms
LIC OF INDIA
 
General Insurance >> Engineering Insurance >> Erection All Risks (Ear) Insurance

EAR insurance provides a very wide and comprehensive insurance cover to the client in respect of any sort of contingency from the moment the material is unloaded at the site of the project and continues during storage, physical erection commissioning, testing and maintenance (if covered). Since the duration of the cover can be as long as 36 months or even more, care must be taken while negotiating the proposal as well as assessing the moral hazard of the client.

Scope of Cover
This is a comprehensive insurance cover that is available to the client in respect of any sort of contingency from the moment the materials are unloaded on the site of the project / works and continuous during storage, physical erection and till the test run is over which covers all physical losses or damage as under:
Fire, lightning, theft & burglary.
Impact from falling objects, collision, failure of changes or tackles.
Failure of safety devices, leakage of electricity, insulation failure, short circuit, explosion.
Carelessness, negligence, fault in erection, strike & riots.
Storm, tempest, flood, landslide, rockslide, earthquake.
Extension of Cover

While the standard policy include all Acts of God perils, it has to be noted that the earthquake peril is covered at an appropriate additional premium as per the erection tariff.

Extension of basic cover to provide for extension of the policy period itself can be given at additional premium per erection tariff.

Dismantling cover in case of already erected second hand plant can be given at an appropriate additional premium as per tariff.

Additional premium are also chargeable for the removal of debris, contractor’s plant and equipment, third party liability, if they are to be included in the sum insured.

 
 
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