Works in Progress Insurance definition
Works in Progress Insurance. (as specified in this section hereunder) in connection with any work performed thereby and/or on its behalf and/or therefore in the Leased Property and for any investment in the Leased Property including equipment, systems and machines used for the Lessee’s business as well as repairs, renovations, improvements, changes, and supplements to the Leased Property. The Works in Progress Insurance will be taken out in the name of the Lessee, contractors and subcontractors, the Lessor and Management Company will continue until the works are fully completed plus a maintenance period of 12 months, and will include the following insurance chapters: