Large and technically challenging engineering projects involve a large array of risks – beginning with the planning phase through construction to commissioning. These risks should be covered as comprehensively as possible: the new Construction Erection All Risks Policy (CEAR policy).
The CEAR policy for covering construction all risks and erection all risks is clearly structured and unambiguously worded. It may be adapted flexibly to the complex ...
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Akhir-akhir ini muncul perdebatan apakah perhitungan premi kenaikan TSI dan tambahan extension-period dalam polis CAR dihitung pro-rata basis atau charged in full?
Calculation of sum insured and premium
Sum insured
The sum insured must be equal to the amount stated in the building contract, plus the value of any construction material supplied and/or additional work performed by the principal. Any ...
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It is hereby agreed and understood that the Third Party Liability Clause shall be extended for the maintenance period specified in the Schedule to indemnify the Insured in respect of such sums which the Insured shall become legally liable for,
a) Bodily Injury (including death resulting therefrom) to the third parties
b) Loss of or damage to property belonging ...
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Here is sample of a
Quotation of Contractors’ All Risks (CAR) / EAR Project
Contractors’ All Risks (CAR) /
EAR covers all risks of loss or damage to construction of the project or erection of machinery and Third Party Liability as well
Project Construction is of huge value and considerably high risks, it is designed to give full and comprehensive cover with set s of clauses to include Offsite Storage, Designer Risks, Existing Property, Transit Risks, 50/50 Clause, etc etc
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Please click here to read its English version
Erection All Risks (EAR)
Menjamin semua risiko kerusakan atau kerugian yang terjadi dalam proses pemasangan atau instalasi mesin-mesin (kecuali beberapa risiko saja yang tercantum dalam pengecualian)
Jaminan Asuransi Erection All Risks (EAR) termasuk:
· Jaminan untuk Kebakaran, Petir, Ledakan, Kejatuhan Pesawat dan Asap
· Jaminan untuk Kerusuhan, Pemogokan, Perbuatan Jahat dan Huru Hara
· Jaminan untuk Angin Topan, Badai, Banjir dan Kerusakan akibat Air
· Jaminan untuk Gempa Bumi, Letusan Gunung Berapi dan Tsunami
· Jaminan untuk Tanah Longsor dan Pergerakan Tanah
· Jaminan untuk Perampokan dan Pencurian
· Jaminan untuk Kesalahan desain (faulty design) - optional
· Jaminan untuk Kesalahan pemasangan (faults in erection)
· Jaminan untuk Kecelakaan lainnya.
Polis Erection All Risks (EAR) terdiri dari 2 Bagian
Bagian 1 : Kerusakan Material (Material Damage)
Bagian 2 : Tanggung Jawab Hukum terhadap Pihak Ketiga (Third Party Liability)
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