Construction Insurance: taking an interest

Construction Guides Series

Construction Guide


Finance parties and others interested in major construction projects will usually want to be able to take the benefit of the project insurance arranged by the developer or contractor, so that their position can be protected if the project is subject to a an insured loss. There are various ways in which this can be done. The mechanisms used will depend on a number of factors including the risks, costs involved, type of policy - and what the insurers are willing to agree. This briefing considers some of these mechanisms.