When a Kenyan construction firm won a government bid to improve a water treatment plant and dam that supplies 20% of Nairobi’s water, they took a moment to savour the victory. And then, they sought insurance protection against the possible risk of non-payment or protracted delays in payment by the regional water services board.
With the cover in place, the company could proceed with confidence. They also had the added satisfaction of working on a project that would eventually save the city an estimated $130,000 a year through unclogging water intakes and water purification.
Maximum Sum Insured: $6.5 million