Construction Phase Insurance
| Policy | Purpose |
|---|---|
| CAR | Construction All Risks |
| EAR | Erection All Risks |
| DSU | Delay in Start-Up |
| Third Party Liability | Public liability coverage |
Operational Phase Insurance
| Policy | Purpose |
|---|---|
| Property Damage | Plant asset protection |
| Business Interruption | Revenue protection |
| General Liability | Third-party claims |
| Directors & Officers | Management protection |
| Environmental Liability | Environmental risk coverage |
Lender Requirements
- Lenders named as Loss Payee
- Insurance proceeds assignment
- Annual coverage review
- Independent insurance advisor review
- Compliance with financing documents