Don’t neglect the cost of delay

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Delay in Start Up (DSU) insures project owners for the financial consequences of a delay to project completion arising from an insured physical damage event. The cover is best purchased with the Contractors All Risks/Erection All Risks (CAR/EAR) policy covering physical loss or damage to the project.

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Nick Symes on… Risk improvements

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Most insurance quotations provided by Insurers are “subject to completion of any Risk Improvements within the timescales allowed”. Therefore failure to complete any Risk Improvements allow the Insurer to apply terms or even come off cover.

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