Advanced loss of profits 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.

If you’d like to know more about Advanced loss of profits, speak to your broker or contact us for more advice tailored to businesses.