Introduction Advance loss of profits” refers to a particular class of consequential loss insurance and covers financial consequences of a project being delayed because of accidental damage to the project materials. it follows in principle the characteristics of an annual consequential loss insurance (Machinery Loss Of Profit Insurance) policy, but is issued in advance of …

Advance Loss of Profits/Delay in Start-up Insurance (ALOP) Read More »

This policy is specially designed to protect the interests of contractors & principals in respect of civil engineering projects like construction of buildings.bridges, dams, canals, tunnels, roads, multi-storied buildings. Airports, metros, rapid transport system, highways etc. The policy provides an “all risk” Cover, subject to certain exclusions. The important causes/perils Covered Are:- Fire, Lightning, Explosion …

Contractor’s All Risk Insurance (CAR) Read More »