UAE – Necessity of insuring building design errors
Friday, 02 26 2016, Category: Insurance and Reinsurance, Country: U.A.E
The Emirates Insurance Association and officials of the sector asked for the compulsory insurance of construction design errors in buildings for a period of at least 10 years, which is the practice followed by developed countries.
They indicated in a seminar on decennial liability for engineers and contractors that many risks are not clear in the preliminary periods of the construction and the year following the completion of work. Therefore, a long term policy contract is needed.
The Secretary General of the Association Mr. Fareed Lutfi said that many design and construction errors in the buildings do not occur in the first phases of implementation and not even during the year following the completion of work.
Source: Al Roeya - UAE