Skip Navigation Links IRMI Online > Glossary of Insurance & Risk Management Terms > Terms > E > efficacy insurance
Warning! You are currently not signed in. Any products you have purchased will not be displayed until you Sign In

efficacy insurance

Provides coverage in the event that a project does not meet the technical level of performance required by the contract. The policy provides the funds required to pay the debt service costs and may be modified to reimburse the insured for capital expended so that the project may be brought up to the expected performance level. This type of coverage is often sought for high-tech projects such as cogeneration facilities.

Navigation

Social Media