Erection all risks insurance (EAR)

{
  "id": "MLC-T-INS-001342",
  "term": "Erection all risks insurance (EAR)",
  "field": "Insurance and risk management",
  "definition": "A specialized form of property insurance that covers risks associated with the erection and installation of machinery, plant, and steel structures. It provides protection against unforeseen and sudden physical loss or damage during the construction period. Coverage typically extends to testing and commissioning phases, and can include third-party liability for bodily injury or property damage.",
  "abbreviation": "EAR",
  "url": "https://mlchart.com/terminology/insurance/erection-all-risks-insurance-ear/"
}