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B E S T S T O R I E S O F 2 0 1 9In line with these needs, therange of insurance productshas never been so wide or indeedaffordable. Along with aprogramme of proactive riskmanagement, they form a powerfultool in reducing the risk toboth the insured and the insurer.Insurancecompanies actboth as largeinvestors andas risk transferpartners duringthe complexconstructionphase of a newproject.46
C O N S T R U C T I O N L E A D E R SInsurance cover for Constructionprojects: What Does It Protect?Whether it’s a newconstruction, conversionor renovation,the mainreason why insurance policiesare sought in a constructionproject is to comply with theinsurance requirements of thecontract. In that view, the coveris usually taken in the jointnames of the contractor andthe principal.It covers the constructionproject during the entire constructionphase, and alsoduring testing and after thehandover, specific guaranteeskeep operating during themaintenance period. ‘All risks’of material damage are embeddedin these tailor-madepolicies for the construction industry:fire of course, but alsonatural events (flood, storm,earthquake, etc.), accidentsduring testing and commissioning,and even handlingmistakes or faults in erection.In fact, 80% of losses originatefrom a human error!47
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Page 9 and 10: Your Innovative Future.Our Integrat
Page 11 and 12: BAUER MNG 2Mobile On Demand Nitrog
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Page 17 and 18: 3. DIAGNOSTICS, INSPECTION &LOCATIN
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Page 69 and 70: BathroomFashionDESIGNER COLLECTION
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Page 88 and 89: The New Energy ConsumerArchitecting
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DITCH WITCH SK650, SK500, SK350, ZA
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Mobile Apps Benefits toConstruction
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C O V E R S T O R YShifting to theM
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Easy-to-use,powerful estimatingsoft
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Being a nation builder is onething,
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Seminar Series. ACEL will alsohold
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In the words of Engr. GerardoPancho
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30TH PHILCONSTRUCT TO HIGHLIGHT NEW
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The World Trade Center Metro Manila
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GineersNow Construction magazine Dec2019 hardware, civil engineers, heavy equipment, machinery, BIM, infrastructure, mining, pipes contractor cement building materials tool EPC, contractors

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