Business in the Nordics

Erection All Risks

— Chubb’s Erection All Risks (EAR) insurance includes the erection and installation of electrical or mechanical plant and machinery. It’s ideal for mechanical and electrical contractors looking for annual contract cover or developers, manufacturers, power and energy companies involved in large and complex installations.

— Our target areas include construction of power plants, oil and gas facilities and other heavy industries such as steel, aluminium and cement, as well as traditional light engineering projects such as bottling plants and pharmaceuticals.

Product Highlights

Experience in writing many types of risks from standard installation contracts to large scale power and energy plants
A strong track record of leading the insurance of large and complex project contracts
The capacity to cover contracts in many overseas territories
Highly experienced risk engineers who can assist in risk management and risk reduction, as well as ensure that standards are maintained during the erection and installation works to help reduce losses

Cover

Our standard EAR cover is for the erection and / or installation of electrical or mechanical plant and machinery globally.
It can also cover losses during the testing and commissioning prior to hand-over and damage during the contractual maintenance period.
Cover can be provided for movement and re-erection of machinery along with testing, commissioning and maintenance of installed machinery.
An ‘all risks’ cover that includes breakdown and explosion during testing and commissioning.
Available on contracts overseas subject to some territorial and environmental peril limitations.
The standard insurance offers cover for defective design under the LEG 2/96 wording and damage to installed equipment during maintenance visits. This can be extended to give wider defective design cover and either extended or ‘full’ or guarantee maintenance.

Appetite

Light Industries (electrical batteries production, car parts manufacturing plant, beverage factories, machinery/ toys manufacturers, pharmaceuticals, etc.)
Heavy Industries (Steel & metals, open pit mining/ mineral processing, cement plants, pulp & paper)
Combined cycle power plants
Transition energy to Net 0 (green and blue hydrogen production, renewable fuel production)
Solar and Wind, Battery Energy Storage systems - we offer practical solution with package of erection all risks, full commissioning and following 12 months of coverage for maintenance and operational cover All Risks property damage and business interruption – seamless cover to pick up any losses that arise either from poor workmanship in installation or loss due to fire, natural hazards, malicious damage by 3rd parties.