Delay in Start Up (inc advance loss of profits)

We have worked closely with our clients and the various project finance companies to develop Delay in Start Up or Advanced Loss of Profits insurance policies. 

Strathearn can offer you customised products designed for full loss of future profits anticipated to be derived from completed projects, loss of future rental income anticipated to be derived from completed projects and increased project costs such as holding costs due to the failure of the project to be completed as expected as a result of an insurable event.

We have worked with our principals to gain financier acceptance of lower premium products such as a holding costs policy as opposed to a full loss of profits policy where this product was a requirement of financiers or a cost of finance issue and the future loss of income would have been an uninsured risk but for financier requirements.       

Under Delay in Start Up insurance our clients can elect to include the impact of insurable events on third party customers and suppliers, utilities and services and loss or damage during shipping of critical components to the project site.     

Our approach is to work with clients to build an insurance product to provide the best possible fit with the insurable and partly insurable risks unique to particular projects.