Construction insurance and project risk management encompass several foundational policy types designed to protect builders, developers, and property owners. The core types include Contract Works Insurance (protecting physical structures, materials, and temporary works on-site against fire, storms, or theft), Public Liability Insurance (covering third-party property damage or injury claims), Plant and Equipment Insurance (shielding heavy machinery and tools), and Statutory Liability Insurance (protecting against regulatory fines under workplace health and safety laws).
1 votes
Marked as accepted