Erection All Risk (EAR or Construction All Risk (CAR)) Insurance is the comprehensive and adequate protection against all the risks involved in the construction activities and third-party claims in respect of the property damage or bodily injury arising in connection with the execution of a project at the site.
Reference Definition by Axa-gulf: An Erection All Risk (EAR or Construction All Risk (CAR)) Insurance policy is specially designed to cover loss or damage to projects that involves erection/installation of plant, machinery and equipment ranging from erection of a single machine to a large power plant. This is an “All Risk” policy covering various activities of erection/installation, testing and commissioning of plant and equipment (except specific exclusions as mentioned in the policy). It protects a contractor or employer against physical loss or damage to the contract works, construction plant and equipment or machinery. It also includes cover for damage to property of third parties and bodily damage to third parties.
Related Definitions in the Project: The Construction; Risk Management
