Project Insurance Savings
Insurance is a practically mandatary part of any project transferring some or all of the risks associated with the project delivery to the insurance company. Insurance is often required also by investors wanting to make sure that the project is carried out on time and in budget regardless of any risk realization.
Insurances protect against e.g.
- Engineering liabilities
Damages during transportation- Personal risks
- Damages to structures under construction and materials / equipment on-site (fire, flood, theft, vandalism…)
- Third-property property damage
- Third-party injuries
- Delays caused by the above
WOIMA project delivery model impacts the insurance costs through
- Shorter projects
- Less value in site work
- Less personnel on site
- Fewer equipment and material deliveries
Combined, these WOIMAbenefits can save around 50,000€ in project insurance.
Follow the “Monetizing wasteWOIMA® Benefits” blog series to discover how our solution can save money for You.
Read more about us at www.woimacorporation.com
WOIMA Corporation is a Finnish supplier of best-in-class waste-to-value products, projects and services worldwide. We have developed solutions that enable us, and the customer, to transform and recycle virtually any waste stream into raw materials and energy. At WOIMA we combine Finnish engineering know-how in waste management with power generation design expertise. These solutions are used in Finland every day. They support the circular economy ideology and ensure that less than 1% of Finland’s waste ends up in landfills.
Our mission is to improve quality of life both locally and globally, as well as empower people to utilize waste as a commodity. Our decades of international project management experience ensure an on-time, in-budget and high-quality WOIMA solution delivery across the globe.
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