Advance Loss of Profits Insurance (ALOP) provides coverage for financial losses due to delays in construction and infrastructure projects.
ALOP will also provide a payout if companies face higher costs or lost profits when a project takes longer than expected to complete. ALOP is also called delayed completion coverage or delay in start-up (DSU) insurance.
Coverage for physical damage to the contract works and third party liabilities due to injury or damages during the course of construction
Designed to cover the risk of loss arising out of the erection and installation of plant, machinery and liability to third parties
Covers plant, machinery and equipment against any unforeseen or sudden physical loss or damage