Advanced Loss of Profit (ALOP) insurance

The New India Assurance Co. Ltd. offers Advanced Loss of Profit (ALOP) insurance, also known as Delay in Start-Up (DSU) or Project-Cargo Marine/Consequential Loss insurance. This type of insurance covers financial losses due to project delays caused by damage to critical equipment during shipment.

Key Features:

Purpose: Protects against the negative financial impact of project delays caused by material damage events.
Target Audience: Investors in new projects or expansion works who want to protect their planned revenue streams.
Benefits: Provides financial compensation for lost revenue and additional expenses incurred due to the delay.
Importance for Financiers: Banks and lenders often require DSU coverage to protect their investments.

Why Purchase DSU Insurance?

Commercial and Economic Reasons: While not legally required, DSU insurance is crucial for protecting investments and maintaining financial stability in case of project delays.
Mitigates Risk: Helps businesses avoid significant financial losses due to unforeseen circumstances that delay project completion.

The ALOP/DSU insurance offered by New India Assurance Co. Ltd. provides a safety net for businesses involved in projects, ensuring financial stability and peace of mind during challenging situations.

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