 Erection
All Risks (EAR) Insurance offer comprehensive and adequate
protection against all the site risks involved in the erection
of machinery and plant as well as steel structures of any
kind.
As a result of the worldwide industrialization process EAR
Insurance has gained in increasing importance and has become
an indispensable factor in practically all industrialized
countries. Large projects, such as the erection of steel bridges
or the installation of complete factory facilities, bring
about so many risks for both the contractor and the principal
that it is only possible to bear these risks in an economical
way by taking out an EAR Insurance.
An EAR insurance may be concluded by anybody who assume a
risk due to the erection of a project, such as:
- The manufacturers or suppliers of machinery or plant if they
carry out the erection work or are responsible for it.
- The firms commissioned with the erection work.
- The purchaser of the machinery or plant to be erected.
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