Contractual suggestions of green building insurance

Green Buildings Insurance (GBI) is considered a modern insurance contract. Due to the nature of Green Buildings (GB) being characterized by a number of issues such as green designs, construction mechanisms and building materials, these types of buildings are considered problematic. Because they are newly applied, there has not been any long periods of testing to assess long-term damage, even not enough for the insurance contract parties (owner, engineer, contracting company, and insurance company) to determine the nature of such risks. This paper discusses the contractual suggestions for parties of green buildings in terms of the new risks associated with such buildings that can be insured, non-traditional works, the use of green materials, traditional green materials, sustainable green materials that are more specialized, and pollution risks. Also, this paper addresses the rehabilitation of green buildings and the specialized insurance contracts for green buildings as well as covering issues related to obtaining a green building certificate. The paper concludes that parties signing onto the green building insurance must explicitly include all related issues discussed in the paper that should ensure avoiding liability.