Erections All-Risk's (EAR) Insurance provides cover against all the risks involved in the erection of machinery, plant and steel structures.
Coverage
This branch of engineering insurance offers comprehensive and adequate protection against all the risks involved in the erection of machinery, plant and steel structures of any kind, including surrounding property and third-party claims in respect of property damage or bodily injury arising in connection with the execution of a project.
Section 1: Material Damage
EAR insurance provides very wide cover. Almost any sudden and unforeseen loss or damage occurring to the property insured on the erection site including the surrounding property in the care and custody of the insured leading to repair or replacement during the period of insurance will be indemnified.
The insurer will indemnify loss or damage due to the following causes:
Fire, lightning, explosion. Flood, inundation
Windstorm of any kind
Earthquake
Theft, burglary
Faults in erection
Negligence, lack of skill, lack of experience, malicious acts
Short-circuit, arcing, excess voltage
Excess pressure or vacuum, tearing apart on account of centrifugal force Any other sudden and unforeseen event such as loss or damage due to collapse, foreign objects, on-site transport of items to be erected, etc
Section 2: Third Party Liability
This section indemnifies the insured against liability at law for damages and claimant's costs and expenses due to bodily injury and / or death of any third party person and / or damage to third party property, arising from an accident during the period of insurance caused by the activities of the insured whilst performing duties on the project site as described in the policy schedule.
Main Exclusions
Loss or damage due to faulty design
Defective material or casting
Defects in workmanship
Loss or damage due to willful acts or willful negligence of the insured or their representatives
Consequential loss of any kind or description whatsoever e.g. claims from penalties, losses due to delay, lack of performance, loss of contract
Loss or damage due to war or warlike operations, civil commotion of any kind as well as acts on the part of strikers and locked-out persons
Loss or damage due to nuclear reaction, nuclear radiation or radioactive contamination
Other Related Products
Contractor’s Plant and Equipment Insurance
Advance Loss of Profit Following EAR Insurance
Premium Payment Procedure
Usually premium is paid through cheque or demand draft addressed to Adamjee Insurance Company Limited to it's designated offices anywhere in Pakistan and UAE.
Claim Reporting Process
Essential documents for lodging claim:
Duly filled-in, signed and stamped Claim Form
Incident report
Provision of a valid policy document covering the damaged asset
Police report (F.I.R.) for theft/ burglary cases
Defects in documents affecting claim:
Delay in intimating the claim
Non-provisions of claim form
Wrong description of item affected / damaged
Non provision of bills
Non provision of F.I.R. in case of theft / burglary
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