ADVANCED LOSS OF PROFITS (ALOP) / DELAY IN START-UP (DSU)

PURPOSE OF COVER

Probably one of the most important products to consider when involved in a new construction and / or erection project.  The indemnity under either one of these policies provides for protection to the Principal / Employer against potential financial loss following indemnifiable loss or damage under the corresponding Contract Works / Erection All Risks policy.  A very specialised class of risk which needs attention to detail especially in mega projects with strict timelines for completion and operational dates. In recent times there has been a surge in this class of risk especially when it comes to shopping malls, Renewable Energy (Solar and Wind projects), production lines / factories, warehousing storage and the like. 

Consort Technical Underwriting Managers (Pty) Ltd (Reg No 1999/003909/07) is an Authorised Financial Services Provider (FSP No 2273), is FAIS compliant and is underwritten by Lombard Insurance Company Limited (FSP No 1596). CONSORT TECHNICAL UNDERWRITERS © 2020. All rights reserved.