Insurance policy
A generic reference to any number of insurance policy types in construction designed to protect property owners, developers, and contractors through the various phases of a construction project.
An insurance policy is a contract that provides financial protection against specific risks, such as property damage, liability, or business interruption. In construction, having comprehensive insurance coverage is crucial for managing financial risks and ensuring project continuity in the event of unforeseen circumstances.
Used in a sentence
Ensure the insurance policy covers all potential risks associated with the project.
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