News & Views
On the surface, it seems unusual to suggest that someone would need liability insurance to provide protection when they are not negligent. However, there is good reason to arrange this type of cover if you are about to commence a new development.
Read More...As its name would suggest, an Estimated Maximum Loss (EML) is an estimate only based on previous losses and there is no exact formula that insurers use to arrive at this figure.
Read More...Many project owners usually rely on their building contract in the event of late delivery. This contract passes the risk over to the contractor, who will then be liable for the liquidated or ascertained damaged (LADs) incurred as a result of the delay.
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