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What is ALOP Insurance Overview and Coverage about?

ALOP or Delay in Start-Up insurance provides coverage for financial losses incurred due to delays in the commissioning and start of operations of a project. Such delays can be caused by insured perils under the project policy and result in actual profits falling short of targeted profits. ALOP indemnifies losses from reduced gross profits and increased costs of working. It is issued in advance to the principal or owner of a project for delays in the start of the project or business. The sum insured is based

Author

Thanglianlal Tonsing

Language

EN