Clifford Chance

Construction All Risks Insurance

15 November 2024

In the recent Court of Appeal judgment of Technip Saudi Arabia Limited v The Mediterranean & Gulf Insurance and Reinsurance Co. [2024] EWCA Civ 481, the Court dismissed an appeal of the decision of Jacobs J ([2023] EWHC 1859 (Comm)), concerning a property damage insurance claim under an offshore construction project policy.

The decision provides an important reminder that co-insureds under construction policies should confirm that they are adequately covered for risks that may arise on the project site, including in particular its liabilities to its contractual counterparties. A co-insured should carefully consider the scope of what is, and is not, covered under the policy, and how that links with the contractual arrangements between the parties, to ensure that the co-insured is adequately protected for the activities it intends to undertake on the project site.

Download PDF