Construction insurance
Construction risks
Special purpose policies provide an all-round protection against risk associated with the construction process. At investor′s disposal, their concentration provides adequate insurance for all contractor and supplier work, it ensures that threat, such as inadequate limits or scopes of liability, is minimised. These policies also serve as a tool to control costs associated with insurance. They will prove vital in overseeing a timely completion of a project, by providing funds in the event, the building contractor decides to withdraw. Such policies also give the investor priority in obtaining compensation and the control over their allocation.
