decennial liability
Decennial liability is a type of insurance coverage required by construction contracts in some foreign countries (mainly in European countries including France, Finland, Italy, and Spain) that covers the costs to rectify a total or partial collapse of the construction.
decennial liability
Decennial liability is a type of insurance coverage required by construction contracts in some foreign countries (mainly in European countries including France, Finland, Italy, and Spain) that covers the costs to rectify a total or partial collapse of the construction.
Additional Information
It draws its name from the fact that it covers this risk for 10 years following completion of the project.
