EAR's coverage is very specialized and it applies to the use of installing machinery and equipment. The premium on this policy can be paid in instalments for projects undertaken for more than 12 months duration. This makes the policy purchases more affordable and it helps ease the policy related challenges. However, this policy is unavoidable if your firm is engaged with heavy-duty erection work, which involves machinery too.
The common exclusions to the policy are damages occurring because of war and nuclear perils, normal wear and tear, gradual deterioration etc., damage due to faulty design, defective materials, bad workmanship, etc. Consequential loss like loss of revenue, penalty for delay, inventory losses, willful negligence, loss of or damage to files, drawings, accounts, bills, currency, stamps, deeds, evidence of debt, notes, securities cheques, packing materials such as cases, boxes, crates are excluded from the policy coverage.
Akshar as one of the best insurance agent in erection all risk policy understands the viability of the policy in all its glory. Given our years of experience and exposure to these types of specialized insurances, we always know what suits your business and can suggest you the right coverage without allowing you any exposure to unwanted problems.
Our PURPOSE is to help families & Business, Reduce financial Risk due to unforeseen circumstances, beyond their control & make them financially secure through right kind of insurance advisory.