Brief description of damages*
Whether any injury/damages *
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*Please note: If you have checked the box, you will receive calls from Magma even
if you are on the DNC list.
Wherever there is the erection or installation of machinery or
equipment, there is a risk of loss or damage. EAR policies are
designed to cover the risk of loss arising out of the erection and
installation of machinery, plant and steel structures, including
physical damage to the contract works, equipment and machinery, and
liability for third-party bodily injury (BI) or property damage
(PD) arising out of these operations.
EAR policy can be taken by Principal, contractor or
sub-contractor, either individually or jointly.
Erection All Risks (EAR) Policy covers all risks with respect to
projects of erection, testing and commissioning subject to
exclusions and term and conditions.
This policy covers risks associated with storage, assembly/
erection and testing of plant and machinery. EAR insurance provides
comprehensive cover which includes all perils unless some are
specifically excluded. The cover comes into effect from the time of
unloading of the first consignment at the project site and
terminates on completion of testing or handing over of the project
to the Principal, or the period chosen, whichever is earlier.
There is also a provision for extending the policy period and
testing period during the currency of the policy
Basis of sum insured: Completely erected value
of the property inclusive of freight, custom duty and erection
The rating depends on:
Magma HDI General Insurance Co. Ltd. All Rights Reserved.
IRDAI Reg. No. 149 dated 22nd May, 2012. CIN: U66000WB2009PLC136327
Insurance is the subject matter of solicitation.
Images used on this website and the models photographed in them
are for representative purposes
only and are not indicative of anyone's personal thoughts or ideas
Magma and HDI names and logos are trade names/marks of Magma
Fincorp Ltd., and HDI Global SE
and are being used by Magma HDI General Insurance Co. Ltd., under
agreement with owners of such trade names/marks.
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