Construction projects today face numerous challenges that can lead to delayed completion and significant financial losses for the firms responsible. Projects typically have defined schedules for building structures and completing work, and any delay can result in substantial costs for construction companies, developers, and other stakeholders.

Advance Loss of Profits (ALOP) Insurance is designed to indemnify the principal or project owner against losses arising from a delay in completion of the insured works. Such delays may occur due to direct physical loss or damage covered under a Contractors All Risk (CAR) or Erection All Risks (EAR) policy. ALOP coverage is particularly critical for organizations using debt financing, as delays can affect the ability to service loans for plant, machinery, or construction equipment.

At Securisk Insurance Broking Pvt. Ltd., we leverage our knowledge, experience, and technical expertise to design innovative, tailor-made insurance programs that meet client-specific requirements. Our dedicated team ensures comprehensive coverage, timely delivery, and optimal results.

Key Coverages

• Loss of Gross Profit due to reduced turnover

• Standing charges, including salaries and wages paid to employees

• Increased cost of working, covering additional expenses necessarily and reasonably incurred to mitigate or reduce the reduction in turnover