Contractors Liability Insurance - Intermediate - Searchlight Insurance Training

Contractors Liability Insurance – Intermediate

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 prerequisite.

Level: Intermediate

Duration: 1 day(s) CII CPD Hours: 6
     

WORKSHOP OBJECTIVES

• 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 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 & Safety legislation including the Construction Design and Management Regulations 2015

• Insurance content (works and liability) of common contract forms – JCT Standard,Intermediate, Minor Works and Sub-Contract forms

• Non-negligence cover – what is required and why – insurance solutions

• Usual 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