Thats a good plan too ... set the inserts into the hardwood I beam (I assume were talking hardwood).
Epoxy is our friend. I think you could epoxy the inserts in I dont see why not. Probably be strong as anything.
Not to be too nuch of a stickler but I don't necessarily agree that ERC is brittle, it's actually quite flexible. Brittle means 'breaks without significant deformation' in other words breaks before bending much. ERC will fail in tension before compression in a selfbow or something, but it'll take quite alot of deformation.
As for the chipping and denting, its is ridiculously soft compared to most of the woods we use for bowmaking (wood or glass) and it definately requires more care than the hardwoods. I'd recommend a hard, hard, hard finish to protect it. I might consider doing something like an epoxy resin based coating. That'll cure as hard as a rock, and prevent those dings, and its shiny ....