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An Erection All Risk Insurance policy protects against the risks involved in the erection of machinery, plant, steel structures, and third-party claims in respect of bodily injury or property damage arising while the execution of an erection project during the period of insurance.
The Erection All Risk Insurance is majorly taken by the manufacturer or supplier of machinery or the contractor commissioned with erection work.
This EAR policy is usually issued for projects that predominantly involve the erection of plant, equipment or machinery such as electrical systems, transformers, printing and packing industry, power plants and desalination plants.