ABSTRACT
A construction insurance policy will be either a single project policy or a floater policy. Insurance may be effected through composite or combined policies. All users of motor vehicles upon roads or other public places are required to have liability insurance providing indemnity against liability for injury to parties other than the driver and for damage to the property of parties other than the driver. The principal types of liability policy cover employers' liability, road traffic cover, public liability and professional liability. Project insurance is usually limited to conventional risks covering loss of or damage to project property and public liability. Public liability insurance provides an indemnity against personal injury claims by the public and property damage claims by any third party, including employees. Professional liability or professional indemnity insurance (PI) covers those professionals such as architects, surveyors, engineers, project managers and others involved with the construction project against claims of professional negligence.
