What does it mean that the beneficiary of all risks of the project must add a property management company?

The beneficiary of all risks of the project must be added with the property management company, that is to say, in the project insurance contract, the beneficiary column is the property management company, that is to say, the beneficiary of insurance products is the property management company. Engineering All Risks is the insurance to protect the loss of civil engineering, construction engineering, installation engineering and the machinery and equipment used (excluding the owner, contractor or subcontracted machinery and equipment). This insurance product can cover the losses of buildings and ancillary facilities, as well as the losses or expenses caused by natural disasters or accidents during the insurance period.