Avoiding ‘gaps’ in the insurance of infrastructure projects

Avoiding ‘gaps’ in insurance cover is essential in any project. Where a project comprises a number of plant units which are completed, tested and commissioned in advance of completion and hand over of the whole project, the risk of such gaps arising increases significantly. Below, Peter Hall, infrastructure finance partner, and Mary Greenhow, senior associate, at London law firm, Norton Rose LLP, outline the main issues that need to be considered

The frequency with which the approach outlined above is being adopted in the context of Middle Eastern power and water projects suggests that finding a gap in the insurance cover of a project is no theoretical risk.