Section 4.4 Efficacy Insurance
| Library | Construction Law 2016 Supp |
A. (§4.4) Efficacy Insurance
Efficacy insurance can provide coverage for liquidated damages, the failure to meet contract performance warranties, or both. The insur- ance market providing this coverage is small, generally consisting of the London market. It consists of Lloyds of London, a syndicate backed by private and commercial capital, and certain commercial insurance companies, known as the London...
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