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Regional Presence

Credit Rating:A (KE)

Advanced Loss of Profits Following CAR / EAR

Advanced Loss of Profits Following CAR / EAR (Contractor All Risk/Erection All Risk)

This policy is particularly important for large greenfield projects where delay in project completion could have a substantial impact on the expected revenue of the Company, potentially impacting the sponsors’ ability to service debt and other fixed expenses.

The policy pays for Anticipated Net Profit plus Standing Charges (Fixed Expenses) during the period of delay, from the scheduled date of commencement of commercial operation up to the actual date of commencement of commercial operation, subject to a time excess and the Indemnity Period.

The delay must have occurred due to a loss during construction, and payable under the Construction/Erection All Risks policy.

The policy does not cover delay due to:
o Inventory losses
o Delay in shipment of supplies
o Normal project schedule slippages
o Non-availability of funds for repairs/replacement to damaged items
o Cancellation of license or Govt. restrictions etc.

Some ALOP basics are:
o The insured person in ALOP is the owner only. A contractor cannot be the insured.
o Concurrent Material Damage insurance (EAR / CAR) is a prerequisite
o Insurance period is identical to MD erection period

Related Items

Machinery breakdown

This policy covers machinery breakdown arising from unforeseen and sudden physical loss

Fire and Allied Perils

This provides cover for loss or damage to property, caused by fire or lightning.


Provides indemnity against loss or damage to property following forcible or violent entry or exit from the insured’s premises.