The Role of Liability Insurance in Business Continuity Planning | # professional indemnity insurance policy
How Contractors All Risk Insurance Helps Manage Project Risks Effectively
For construction projects, purchase of property insurance is compulsory in order to cover properties against hazards like fire outbreaks, theft and vandalism. In property insurance in India, the general section may be complemented by specific policies which make it possible to provide adequate protection for all physical property in the construction industry.
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The Importance of Construction Insurance in India: Ensuring Project Safety and Continuity
Contractors all risk insurance especially construction insurance is one of the insurances that is supposed to cater for construction projects through offering adequate insurance. This insurance covers the actual project construction damage as well as other related damages to the third party. Some of the risks include; fire, theft, flood, and even human mistakes, and it makes sure that if there are some challenges, it does not have to bring the whole project to a halt.
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