Technical Insurance Knowledge and Skills
Contractors Liability Insurance - Intermediate
Introduction
This one day interactive workshop provides training for those who already have some practical experience of handling or placing Contract Works Insurance, but who are looking to add to this knowledge. It provides a structured overview of the subject which will act as either a learning opportunity for those less experienced or a refresher for the more experienced.
Workshop Objectives
Delegates who successfully complete this workshop will be able to:
• demonstrate an understanding of the subject matter of Contractors Insurance and the various ways Insurers provide the cover
• demonstrate an understanding of the content of the insurance clauses within the JCT contract relating to Liability risks and an understanding of the difference between contractual obligations and insurance requirements
• show an awareness 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 Contractors Liability Insurance policies including standard extensions and exclusions
• describe the underwriting process and the information insurers require to assess and price risks
Workshop Content
• Consideration of the Legal Environment for Contractors
• Common Law/Tort
• Statutory, including Update on Key Legislation
• Contract
• Insurance Content (Works and Liability) of Commonly Encountered Contract Forms
• JCT Standard Form
• JCT Intermediate Form of Contract
• The various JCT Sub – Contract Forms
• ICE
• I Mech E
• Clause 21.2.1 Non Negligence Cover
• What it Requires
• Why Needed?
• Insurance Solutions
• Usual Liability Policy Wordings for Contractors
• Employers’ Liability and Public Liability
• Basic Cover, Exclusions and Common Extensions
• Brief Look at Some Related Covers
• Financial Loss
• Professional Indemnity
• Directors & Officers
• Environmental Impairment Liability
• Placing and Rating Risks
• Key Insurer Information Requirements
• Good Risk and Bad Risks
• What Sells Cases to Underwriters
• Liability Pricing Methods
• Claims Trends
• Accident Recording and Reporting - RIDDOR
• Key Developments over Recent Years
• Current Issues where Future Change is Likely
Duration: 1 day(s).
Call us now on +44 (0)1372 361 177 or email us for more information on this course.
Face to Face Training
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