After the project is completed and put to use, the project should generate the expected revenue and profits.
At this stage there is various risk exposures like Fire, natural perils like Earth quake, Cyclone, flood etc. for the physical assets in the plant. In addition there can be issues because the machinery and equipment being used breaks down resulting in loss.
The above exposures can result in financial loss because of the damage to the physical assets or the business resulting in loss of revenue and in the expect profit.
These risks need to be properly assessed and insurance solution to be suggested managing it in a cost effective manner.
Our experts in SmartTech are well versed in this and can find unique solutions for Industry specific exposures and work out suitable Insurance solutions.