What the programme should address

Contract works

Physical loss or damage during construction and erection.

Testing and commissioning

Exposure as systems are energised and performance is proven.

Third-party liability

Injury or damage arising from project activity.

Delay in start-up

Lost revenue and additional finance cost after insured damage.

Risk review priorities

• Map contracts and insured interests.
• Validate values, schedule and critical path.
• Assess design, geotechnical and natural hazard risk.
• Identify long-lead equipment and replacement routes.
• Set reporting and claims governance.

Scenarios to test

1. Flood damages works close to completion.
2. A transformer fails during commissioning.
3. Design damage requires extensive rework.
4. Insured damage delays commercial operation.

For each scenario, identify the affected policy, trigger, deductible, sublimit, waiting period, recovery time and uninsured amount. Treat any gap as an explicit retained risk rather than an assumption.

How Kompetenz supports the placement

We translate operational and contractual information into a structured insurance submission, compare policy wording across markets and help establish a claims-ready programme with clear responsibilities.

Conclusion

Project insurance is strongest when engineering, contracts, schedule and financial exposure are reviewed as one system.

Next step: Request a tailored Business insurance review from Kompetenz.