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.
Alistair Byfield Construction Risk Engineer