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 requirements of project insurance, but without becoming complicated itself. The CEAR policy is based on Munich Re proven EAR and CAR policies, which are standard in many markets. We are thus in the position to offer our clients a tried and tested concept which we have improved in a number of important areas.
The advantages at a glance
- Completely revised structure
- All risk-relevant data at a glance
- Tried and tested, yet up to date
- Clear and overarching regulations
- Well-known and familiar nomenclature
MRe CEAR Insurance Policy and Clauses
Original Sources : Munich Re, IMIA
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