The liability and insurance regimes index evaluates the stringency of latent defect liability and insurance regimes. It has two components: (i) whether any parties involved in the construction process are held legally liable for latent defects such as structural flaws or problems in the building once it is in use; (ii) whether any party involved in the construction process is legally required to obtain a latent defect liability or decennial (10 years) liability insurance policy to cover possible structural flaws or problems in the building once it is in use. The index is computed based on the methodology in the DB16-20 studies. Every country, region and year the World Bank publishes for indicator IC.CNST.LIR.XD.02.DB1619 (Doing Business), delivered as a tidy table — country, ISO code, year and value — ready for analysis in Excel, R, Python or the Intigal AI workspace.
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Version 1: Listed from the publisher's open-data release.
Original source: api.worldbank.org · CC BY 4.0 — free to reuse with attribution to the World Bank