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Technical Insurance Knowledge and Skills

Contactors Insurance - Advanced

Introduction

This one day participative workshop provides training for those who are already proficient in Contractors Insurance but who wish to add to this knowledge. The workshop will not be suitable for those who are new to this subject or who do not have a good grounding already. The workshop will fit well with a programme of technical development for senior staff.

Workshop Objectives

Delegates who successfully complete this workshop will be able to:

• demonstrate a thorough comparative understanding of the content of the insurance clauses within the main construction contracts and how they have changed over time

• demonstrate a thorough understanding of why non-negligence liability (Clause 21.2.1) cover may be required and how insurers meet this need

• describe the standard structure, and content of Contract Works policies and the optional extras which may be available

• describe how insurers assess and underwrite the more complex risks

Workshop Content

• Comparative Review of Insurance Implications across a Wide Range of Construction Contracts

• Liability, Property and Clause 21.2.1
• JCT – Standard and Minor Works, I Mech E, ICE
• Differences between Differently Dated Contracts
• Employer - Contractor Forms and Associated Sub-Contracts

• Contract Works Policy Cover

• Alternative Policy Structures
• Usual Cover, including Exclusions and Extensions
• Commonly Found Alternatives
• Maintenance Covers – Alternative Levels of Cover Available
• Defects Exclusions
• Standard Market Frameworks, e.g. DE 1-5, LEG Wordings
• Wordings Used in Practice by Key Players

• How Complex Risks are Underwritten

• Risk Assessment
• Pricing

Duration: 1 day(s).

Call us now on +44 (0)1372 361 177 or email us for more information on this course.