Articles

RFIs keep the insurance claims process focused and forward moving, imperative in all losses, but especially in builder’s risk claims where there are usually multiple parties and experts. The RFI provides something concrete that keeps everyone accountable – if the requested documentation is provided, then we can properly evaluate the claim and reconcile any differences…….

The Genesis of Construction All Risks (CAR) Insurance The complexity and inherent dangers of construction projects required a specialized form of insurance to protect both the physical works and the financial interests of all involved parties. The foundation of modern construction insurance is the Contractors’ All Risks (CAR) policy. The first dedicated CAR policy is……

Most Business Interruption (“BI”) policies indemnify for loss of turnover, rather than the loss of production itself.  Yet in manufacturing, production is usually the first area affected by an insured event. This paper explores the complex and often misunderstood relationship between lost production capacity and actual sales loss. In the modern manufacturing environment — defined……

Large-scale construction projects, often spanning years and demanding significant capital, rely heavily on external financing from banks, private equity, and other financial institutions. For decades, a critical hurdle in securing this funding has been the inherent risk of delay. To mitigate this, a specialised insurance product—historically known as Delay in Start-Up (DSU) which provided initially coverage for……

Construction delays are a fact of life in the built environment. Whether it’s a power plant, a factory, or a hotel, construction projects rarely go exactly as planned. While some delays are minor, others can have significant financial and operational consequences. Understanding the nature of these delays and how to manage and recover from them……

Renewable energy has been a source of energy for thousands of years and has been successfully utilized by humans. Most common sources of renewable energy include, but are not limited to, solar, wind, hydro, etc. with hydro energy being most widely used in the world. As of 2024, about 24% of electricity was generated by……