Insurances: EAR & MB / London Market Design Clauses

Description

This Skill Bit explains Engineering All Risks (EAR) and Machinery Breakdown (MB) insurance, which provide essential protection against equipment and machinery damage. It highlights the importance of using standardized London Market Design Clauses, such as ICE and IEEE, to tailor coverage specifically to the needs of different project types and industries, ensuring comprehensive risk management.

Duration approx. 4 Min.

Tier: proficiency