Professional Documents
Culture Documents
CAR Vs EAR EAR- Erection All Risk Determining factor- Value of Erection & Installation works Less than 50% Above 50% - CAR - EAR
The principal (employer) &/or The main contractor &/or Subcontractors &/or* Project managers &/or Suppliers, if any*. * Un-named
forming part of the contract) Removable of debris Professional Fees Free issue materials Construction Equipment ( Site offices, storage sheds, silos, scaffolding, utilities etc) Construction machinery (earthmoving equipment, cranes, site vehicles) Principals existing property
SECTION 2
Where the Insured becomes legally liable to pay as damages consequent upon :
Accidental bodily injury to third parties Accidental loss or damages to property
SRCC Nuclear, radioactive contamination Willful act or willful negligence of the insured or their representatives Cessation of work whether total or partial
insured parties Liability for damage to property belonging to insured parties Motor , Marine & Aviation liability Contractual liability
PERIOD OF COVER
Works cover
PERIOD OF COVER
Cover ATTACHES from the commencement of work or after the insured items have been unloaded at site or the inception date as specified in the policy Whichever is later And TERMINATES when the completed structure is taken over or put into service or the expiry date specified in the policy Whichever is earlier
SI must be equal to the amount stated in the building contract plus a value of any free issue material Contractually, insured contractor may be required (e.g. Under FIDIC contracts) to include 15% of CV towards costs of rectification, removal of debris and professional fees Separate sums insured for: Construction machinery and construction plant and equipment (equal to NRV) Existing property and clearance of debris (Loss limits) Third party liability Section II (as per contact conditions)
Expediting Expenses
Airfreight expenses Offsite Storage Inland Transit Designers Risk Contracts works taken over or put into service
PART 2