Contractors Liability Insurance - Advanced - Searchlight Insurance Training

Contractors Liability Insurance – Advanced

This participative workshop covers the liability aspects of JCT contract conditions as well as covering general liability, with a focus on the contracting trades.

Whilst no previous construction insurance  experience is required a good grounding in the basics of commercial property and liability insurance should still be regarded as a pre-requisite.

Level: Advanced

Duration: 1 day(s) CII CPD Hours: 6
     
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WORKSHOP OBJECTIVES
  • Demonstrate an understanding of the subject matter of contractors insurance
  • Describe the various ways insurers provide the cover
  • Explain the content of the insurance clauses within the JCT contract conditions
  • Outline the difference between contractual obligations and insurance requirements
  • Explain why non-negligence liability 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

  • The legal environment for contractors – common law/tort, statutory, contract
  • Health and Safety legislation including the Construction Design and Management Regulations 2015
  • Insurance content (works and liability) of common contract forms including JCT 2011
  • Non-negligence cover – what is required and why – insurance solutions
  • Liability policy wordings for contractors – EL, PL, basic cover, exclusions, common extensions
  • Brief look at some related covers, e.g. financial loss, professional indemnity, directors and officers, environmental impairment
  • Placing and rating risks – key insurer requirements, good and bad risks, selling cases to underwriters, pricing methods
  • Claims trends – accident reporting (RIDDOR), developments, issues
  • Quiz