Chartis Canada introduces coverage for construction delay to due to unexpected archaeological discoveries

Chartis Insurance Company of Canada has launched a product offering first party coverage for expenses and construction completion delay resulting from the unexpected discovery of heritage resources at a construction site.
Heritage Resources is available as an endorsement to Chartis Canada’s Builder’s Risk policy forms.
“In the event of an unexpected discovery of heritage resources, the endorsement provides coverage for heritage expenses the insured is obliged to incur for protective measures, technical consulting and project monitoring, as well as expenses incurred for cleaning, cataloguing, preserving and storing archaeological or paleontological objects,” a Chartis release says.
Also, Heritage Resources covers the costs of delay of construction – including loss of rental income or gross earnings – in the event of a discovery of historically significant artefacts.