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Construction & ALOP

Construction and Advanced Loss of Profits insurance in PNG from Parnell Assurance. Covering straightforward builds to complex multi-stage projects. 

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  • Overview

What is construction, business interruption and alop insurance

Parnell provides insurance for construction projects from straightforward single-phase builds to highly complex multi-stage arrangements. 

Advanced Loss of Profits (ALOP) insurance is available for major projects where a delay causes loss of anticipated revenue. Contact Parnell to confirm the right cover.

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  • Coverage

What is covered

  • Contract Works: physical damage to the project during construction
  • Third-party liability during the construction period
  • Business Interruption: income loss during a project delay
  • Advanced Loss of Profits (ALOP): revenue loss from construction delays
  • Covers straightforward and complex project types
  • Advanced Loss of Profits (ALOP): revenue loss from construction delays
  • Audience

Who it is for

Property developers, civil contractors, infrastructure project owners, resource project sponsors, and any organisation undertaking capital works in PNG. 

  • Benefits

Key features

  • Covers projects from small builds to major infrastructure
  • ALOP for revenue loss from construction delays
  • Third-party liability during construction included
  • Suitable for all project types in PNG

Personal Cover

Commercial Cover

Specialist Cover

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