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In OCIP, all construction, materials, hazard, workers' compensation, environmental, terrorism, and other building-related insurance is purchased by the property owner as part of a single policy from a single insurer. Thus, property owners benefit from OCIP in that all insurance costs are collected into a single policy premium, rather than ...
In the insurance industry, gross premiums written is the sum of both direct premiums written (see next paragraph) and assumed premiums written, before deducting ceded reinsurance. Direct premiums written represents the premiums on all policies the company's insurance subsidiaries have issued during the year.
Builder's risk insurance (Contractor's All Risk insurance – CAR insurance) is a type of property insurance which indemnifies against damage to buildings while they are under construction. [1] Builder's risk insurance is "coverage that protects a person's or organization's insurable interest in materials, fixtures and/or equipment being used ...
A construction-to-permanent loan — also known as a one-time, single-close or construction-perm loan — is a type of mortgage for those building a home. It funds the purchase of land and the ...
A postgraduate diploma (PgD, PgDip, PGDip, PG Dip., PGD, Dipl. PGD) is a postgraduate qualification at the level of a master's degree, awarded after a university degree, which supplements the original degree and awards them with a graduate diploma. The minimum requirement of completing a Bachelor's degree is necessary to start the Postgraduate ...
PGDip"Speciality" or PostGradDip"Speciality" Graduate Diploma of "Speciality/Faculty" GDip"Speciality" or GradDip"Speciality" e.g. GDipMngt Juris Doctor: JD Doctor of Medicine MD Doctor of Medicine and Surgery MChD Doctor of Dental Medicine DMD Doctor of Dental Surgery DDS Doctor of Clinical Dentistry DClinDent Doctor of Podiatric Medicine DPM
Whether or not general liability insurance covers construction defects or "faulty workmanship" is a matter of some debate, as some insurers have viewed poor workmanship as a risk that is covered by a surety bond rather than an insurance policy given that a construction professional may have some influence (through attention to detail, skill, and effort) over whether such a defect occurs.
Italian Sea Group is not liable in relation to the fatal sinking of Mike Lynch's superyacht, which killed the British tech billionaire and six others, its chief executive said on Tuesday. The ...