Erection All Risk
Summary
Erection All Risks (EAR) Takaful is designed to protect the interest of principals, contractors and Sub-contractors involved in erection of plants, machinery and heavy equipment, against their exposure to loss, damage or liability by a variety of hazards.
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Erection All Risks (EAR) Takaful is designed to protect the interest of principals, contractors and Sub-contractors involved in erection of plants, machinery and heavy equipment, against their exposure to loss, damage or liability by a variety of hazards.
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Any sudden and unforeseen loss or damage occurring to the property covered on the erection site during the period of transit storage, erection, testing and commissioning will be indemnified.
This PMD provides Material Damage Cover and has Third Party Liability cover as well with additional contribution. Maintenance period coverage is also provided.
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- Main Contractors/Sub Contractors
- Supervising Firm
- Commencement/completion date
- Period of construction
- Period of Maintenance
- Engineering Requirements(Drawings , blueprints etc)
- Subsoil Conditions
- Meteorological Condition
- Surrounding Areas.