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What happens if the Parties fail to comply with the terms and conditions of the insurance policies?

+1 vote
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 What happens if the Parties fail to comply with the terms and conditions of the insurance policies?

asked Oct 11, 2012 in Risk and Insurance by BuiltIntelligence (870 points)  

1 Answer

+1 vote
 
Best answer

The insurance may become partially or entirely void, leaving the Parties exposed to substantial risk. Therefore, the Project Manager should be aware of terms that may be affected by the actions of the Employer.

answered Oct 11, 2012 by BuiltIntelligence (870 points)  
edited Nov 9, 2012 by Rob Glasspool