The insurance of revenue for projects under construction refers to a particular class of business interruption insurance and relates to the financial consequences of a project delay due to the occurrence of a material damage event to critical equipment during shipment.
Such insurance is known by various names such as
- Advanced Loss of profit
- Delay in start up
- Project – Cargo Marine/ Consequential loss
WHY PURCHASE DSU ?
- There is no legal requirement to obtain DSU insurance and so any incentive to do so arises purely from commercial or economical grounds.
- DSU cover is aimed at those who invest in new projects or expansion works and who want to protect against the negative effects on the planned revenue stream caused by a delay in completion.
- Banks and financers who put up funds and loans will have an interest in DSU Cover.