The finance and resources committee of the City of Edinburgh Council met recently to discuss, among other things, the award of contract for the insurance coverage of Edinburgh’s tram extension project.
Council documents seen by Insurance Business showed that the £1.3 million insurance package consists of three policies – construction ‘all risks’ with coverage for existing structures and advanced business interruption including terrorism for £605,937; third-party liability insurance worth £644,000; and additional excess layer of the liability coverage at £84,000.
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