Commencement of the risk
It is extremely common for insurance policies taken out by builders or manufacturers to cover two quite separate forms of risk: losses which occur during the building process; and liability incurred by the assured supplier in the event that the work proves to be defective or dangerous in a given period following supply.
Hessens Yacht Builders BV v Cox Syndicate Management Ltd, The Lady Halima , an unreported decision of Nigel Teare QC sitting as a deputy High Court judge (26 July 2005, to be reported in  Lloyd’s Rep IR), recognises that these two types of risk are quite separate and that the trigger of policy coverage for each may be different.
The rest of this document is only available to i-law.com online subscribers.
If you are already a subscriber, please enter your details below to log in.
If you are not already a subscriber, please select one of the options below.
Sign up for a free trial or for further assistance call your Account Manager or our
Customer support: +44 (0)20 7017 7701 Technical Support: +44 (0) 20 7017 4161