Customer All Risk and Machinery Breakdown Insurance and USM Damage Caps

Description

This Skill Bit explains Customer All Risk (CAR) and Machinery Breakdown (MB) insurance, highlighting USM damage caps, which limit insurer liability for sudden mechanical failures in London Engineering Group (LEG) policies. It also clarifies USM damage caps in construction contracts, ensuring that supplier or manufacturer liability for product failures is capped, providing clearer risk boundaries for all parties involved.

Duration approx. 3 Min.

Tier: proficiency