Overview

CAR/EAR risks require specialist insurance  coverage during the construction phase of the project, which typically extends to include the testing and commissioning phases and may include loss or damage to a wide array of engineering construction plant and equipment.

If the early revenue generation phase is delayed or disrupted by physical damage, this can lead to a claim for advanced loss of profits the latter being particularly relevant to  large projects where delay in project completion could have a substantial impact on the expected revenue commencement dates.

Whether the requirement is for a pre-loss survey considering aspects such as JCOP, or investigations into cause and quantum in a post loss scenario, we understand the need to act quickly to keep the project moving forward and to work with clients to move past the requirements of addressing an insured event and importantly to get back on schedule to mitigate consequential losses.