Technical Insurance Knowledge and Skills

Contractors All Risks Intermediate (BROKER ACADEMY)

Introduction

This one day fully 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. The workshop will not be suitable for those who are new to the subject or who do not have a good grounding already

Workshop Objectives

Delegates who successfully complete this workshop will be able to:

•show an understanding of the subject matter and the
various ways insurers provide the cover

•demonstrate an understanding of the content of the
insurance clauses within the JCT contract and an
understanding of the difference between contractual
obligations and insurance requirements

•demonstrate an awareness of why non-negligence liability
(Clause 21.2.1) cover may be required and how Insurers
meet this need

•demonstrate an understanding of the standard structure,
and content of Contract Works Insurance policies and the
optional extras usually available

•show an understanding of the underwriting process and the
information insurers require to assess and price risks

Workshop Content

•Subject Matter
•Need for Separate Insurance
•Risks/Property Insured
•Ways Cover can be Arranged
•Parties and Terminology

•Contract Conditions

•Parties Involved – Employers, Contractors, Sub-Contractors
etc.
•JCT Standard Form of Contract
•Contractual Obligation and Insurance Clauses
•Requirements for Contract Works, Liability, Plant
•Clause 21.2.1 Non-Negligence Cover – what it is, why is
extra cover required, insurance solutions
•Consideration of Other Contracts and How they Differ
•JCT Intermediate Form of Contract
•The various JCT Sub – Contract Forms
•ICE
•I Mech E
•Contract Works Policy Cover
•Alternative Policy Structures
•Usual Cover, including Exclusions and Extensions
•Commonly Found Alternatives
•Maintenance Covers
•Defects Exclusions
•Placing and Rating Risks
•Key Insurer Information Requirements
•Good Risks and Bad Risks
•What Sells Cases to Underwriters
•How Insurers Underwrite Risks
•Contract Works Pricing Methods
•Quiz

Duration: 1 day(s).  Level: Intermediate

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