Delayed completion coverage

{
  "id": "MLC-T-INS-001114",
  "term": "Delayed completion coverage",
  "field": "Insurance and risk management",
  "definition": "Insurance designed to protect a project owner or developer against financial losses resulting from delays in the completion of a construction project. This coverage compensates for lost revenue, additional financing costs, or other expenses incurred due to the project not being finished by the scheduled date. It is often purchased as part of a broader construction all-risks policy.",
  "url": "https://mlchart.com/terminology/insurance/delayed-completion-coverage/"
}