Construction projects face various challenges due to labour shortages, adverse weather effects, equipment damage, project conflicts, etc. This could lead to delays resulting in huge financial losses to construction companies. Delayed completion or DSU cover in property insurance provides financial security in such situations, aiding against potential losses. Delayed completion coverage in property insurance safeguards […]
Articles Tagged: DSU Insurance
How Does the Advance Loss of Profit (ALOP) work for a Construction Project?
Nowadays, various construction projects face several challenges that may result in a delay and involve financial loss to the firm. A delay in completion can lead the construction companies, developers, contractors and other parties to incur significant losses. The Advance Loss of Profit (ALOP) Insurance provides coverage for financial losses due to construction and infrastructure […]