Institute Time Clauses

Institute Time Clauses are contractual provisions that specify when an insurance coverage begins after a certain event or occurrence. They set a clear time frame, such as starting coverage immediately or after a specific waiting period, ensuring both parties understand when protection is active. These clauses are common in construction and project insurance, helping manage risks by defining the exact moment coverage takes effect, which can depend on project milestones, delays, or other conditions. Essentially, they clarify the timing of insurance validity related to ongoing work or events.