Delay in Start Up Insurance or Delay in Completion coverage continues to be the least understood and most contentious type of insurance for construction projects, especially with regards to claims. This cover normally limits the insured to the party that will first suffer the financial loss that results from a delay in completion due to an insured construction/erection all-risks (CAR/EAR) loss i.e. the owner or principal and their financiers and lenders.

While this coverage is infamously complicated, there are a few common pitfalls that, if avoided at inception, can make a real difference.

  1. The sum insured – ensuring clarity around what is comprised within it (e.g. availability payments, debt servicing/rescheduling, gross revenue less variable costs etc.) and how it is calculated, including any known fluctuations or balloon payments during the chosen indemnity period can be very important in the long term.
  2. The trigger dates at which the delay in completion creates the insured financial loss. While these dates may have been set correctly at inception, it is quite possible that they could change during the construction phase, for example due to an extension of time granted to the concessionaire by the authority when cover is for availability payments. These changes need to be monitored carefully and the policy endorsed to reflect any change to the trigger dates.
  3. The way in which a potential loss to the insured is affected by any delay penalties for which the contractor is contractually liable. This is an actual loss sustained cover and if the insured’s loss should be partially or totally made good by another party, then insurers can and will expect that to happen. This is an entire subject in its own right but the key point is that the right language in both the construction contract and insurance policy can avoid the duplication of protection that the insured effectively pays more for, typically by a combination of contingency in the construction contract sum and DSU insurance premium.

Asuransi ini memberikan jaminan terhadap :

Pemilik Proyek untuk mengantisipasi laba masa depan dari bisnis masa depan untuk proyek-proyek yang sedang dalam pembangunan.

DSU disediakan dalam hubungannya dengan kontraktor semua risiko atau ereksi semua risiko, asuransi kerusakan material.

Kebijakan DSU sepenuhnya fleksibel dan dapat ditulis dan disediakan dalam berbagai cara untuk mencerminkan jenis sebenarnya dari proyek konstruksi dan apa laba masa depan yang diantisipasi sesuai dengan, seperti:

Kehilangan laba kotor
Hilangnya pendapatan atau sewa
Biaya hutang
Meningkatkan biaya bekerja

Contoh ini akan menjadi:

Menjaga profitabilitas pabrik atau unit produksi baru
Melindungi potensi kehilangan pendapatan dari pengembangan komersial atau perumahan
Meliputi biaya servis tambahan pinjaman yang dihasilkan dari keterlambatan dalam start up dari perhatian komersial

Meskipun tidak ada persyaratan hukum untuk mendapatkan asuransi DSU, dalam beberapa tahun terakhir telah sangat banyak permintaan mengikuti pergeseran dari program pendanaan pemerintah untuk Inisiatif Keuangan Swasta (PFI) yang berhubungan dengan proyek yang dilakukan.

DSU penutup kepentingan tertentu untuk bank dan pemodal yang menempatkan dana dan pinjaman untuk proyek-proyek besar.

Secara lebih terperinci, silahkan lihat literatur yang kami sediakan pada menu/halaman DOWNLOAD.

Sekiranya memerlukan informasi lebih lanjut, hubungi :
terminal-support@tim-agen-asuransi.com
Telefon ke : +62-817-487-0850

Delay in Start Up Insurance
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