Construction All Risk Insurance
Our Construction All Risk Insurance lawyers advise on all issues arising from All Risks insurance policies including wording and coverage.
For a large number of construction projects there will be in place project insurance, which under one policy, covers many of the interests of a number of project participants: Project Insurance, Contractors All Risks Insurance and Erection All Risks Insurance (C.A.R and E.A.R.).
A typical construction insuring clause may be something along the following lines:
"The insurer will, subject to the terms contained hereon, indemnify the Insured in respect of loss or damage to the Insured Property whilst at the Insured location in connection with the Business of the Principal Insured occurring during the Period of Insurance arising from any cause whatsoever except as hereafter provided."
Despite the title, it does not cover construction ALL RISKS but those as defined and subject to a number of exclusions.
Our Construction All Risk Insurance team are able to provide specialist advice in respect of "loss of or damage to", the meaning of "damage", the need for "fortuity", design and workmanship exclusions (DE or LEG series), defects in design and defectively designed.
If you would like more information on the services Fisher Scoggins Waters offer, please contact us by telephone on 0207 993 6960 or email Charlotte Waters by using the enquiry form below: