Erection All Risks Insurance

EAR insurance policy offers insurance against financial losses and material damage due to sudden, unexpected events which can cause total or partial damage to the insured property during erection works.

The Erection All Risks policy covers loss or damage to the contract works, predominately erection of machinery coupled with testing including legal liability to third parties, arising out to the performance of the contract.

The works usually comprise of the installation, testing and commissioning of plant, machinery or equipment.

The EAR insurance policy provides cover for:

  • Site erection of all kind of:
    • Individual machines, apparatus and assemblies
    • Complete power facilities and production plants where the above said items are used.
  • Civil engineering work necessary for the project to be erected
  • In addition, the cover may include:
    • Machinery, plant and equipment required for erection
    • Property located on the site, belonging to or held in care, custody or control of the insured
    • Expenses incurred for the clearance of debris following a loss
    • Additional expenses incurred for overtime, as well as for express freight

Legal liability arising out of property damage or bodily injury suffered by third parties and occurring in connection with the erection work or near the erection site. 

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News and Updates

  • Allied Insurance strengthens their CSR Initiative with New Pledges

    Allied Insurance Company of the Maldives launches new pledges under CSR initiative “Green for Good”. Reaffirming commitment for an environment friendly workspace. The new pledges were launched at the Opening Ceremony of 10to10 Dive held in Angsana Ihuru by Banyan Tree Group’s Sustainability Director and Banyan Tree Global Foundation’s Coordinating Director Dr. Steve Newman.

    August 31st, 2019
  • Allied Insurance successfully concludes FAIR Medical Conference & Healthcare Congress 2019

    Allied Insurance Company of the Maldives successfully concludes the first “FAIR Medical Conference and Healthcare Congress” held in collaboration with Federation of Afro-Asian Insurers and Re-insurers (FAIR) on 22nd - 24th July 2019. This two-day event was held in Paradise Island Resort, under the theme “A World of Opportunities”.

    July 25th, 2019
  • Ayady Takaful commences “2017 Surplus Distribution”

    Allied Islamic window; Ayady Takaful holds a press briefing session regarding “Distribution of Surplus” for the year 2017. As announced at Allied Special Event 2019, Ayady customers can submit claim forms till 31st March 2019, 4pm. Surplus application forms will be available online from Ayady website; www.ayady.mv as well as from Ayady Customer front office located in H.Orchid (In front of Velaanaage)

    February 11th, 2019