When you install a plant/structure or machinery, there is always a risk of loss or damage. This could hamper the implementation process, causing immense financial stress.
Even though you cannot control the loss or damage, you can prepare for what comes after it. Secure your dream projects and profits with Future General’s Erection All Risks Insurance.
With the Erection All Risks (EAR) Insurance cover loss or damage involved in the erection of a plant, machinery, structure or equipment.
This policy protects your machinery, plant, and other buildings when you assemble or erect them in your factory. Be it a thermal power station, oil refinery or any other kind of factory, our policy covers everything.
Erecting new structures and equipment can be a long and risky process. Besides erection, you also have to take care of testing the equipment.
For both owners and contractors, there is a risk of damage. This policy will protect you financially if something like that happens.
This policy covers risks related to:
Storage, testing, assembly, and erection of a plant or machinery
All perils like fire, theft, calamity, and accidents
The coverage starts when the first consignment arrives. Your coverage will end when:
The policy expires or on completion of erection and testing.
Add On Covers
Apart from providing you financial assistance to cover the erection process loss or damage, the Erection All Risks Insurance policy also offers additional covers like:
The Erection All Risks Insurance does not cover damages or losses caused due to:
One’s own negligence and carelessness
Gradual wear and tear
War or warlike operation
Nuclear reaction, radiation or contamination
Inventory losses
Disclaimer For complete details of Policy coverage, terms, conditions and exclusions, please refer the policy wordings.
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