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Construction and renovation are at risk too

talks about loss experience in construction and how you can prevent or mitigate major loss

EOW losses are escalating during construction and feature significantly on contract works claims experience.

Pipework failures have resulted in substantial losses, be they large single claims or multiple claims on a single project

Considerable number of claims resulting from non-capping of pipework during testing and commissioning

Damage has a tendency to occur close to practical completion: - Commissioning towards end of project - High-value water susceptible items in place - Affects delay in start-up/advanced loss of profit covers, i.e.

opening dates

Alistair Byfield Construction Risk Engineer