Insurances: Advance Loss of Profit, Delay in Start-up (Customer) and Difference in Cover

Description

This Skill Bit highlights the importance of insurance coverage during construction warranty periods, protecting against defects and material deficiencies. It covers strategies for navigating policy terms to ensure effective risk management. Additionally, it explores Delay in Start-Up (DSU) insurance, essential for mitigating financial losses due to project delays, and delves into the concept of DIC (Difference in Cover), which assesses how policy coverage influences claims variability through statistical modeling.

Duration approx. 4 Min.

Tier: proficiency