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Contract Works Insurance (Contractors All Risks) – Intermediate

Level:Intermediate Duration:1 Day CII CPD Hours:6

This participative workshop is for those with 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.

Whilst no previous contract works experience is required a good grounding in the basics of commercial property and liability insurance is a prerequisite

  • After attending this workshop, delegates will be able to:
    • Show an awareness of contract works insurance and the various ways insurers provide the cover
    • Demonstrate an awareness 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 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 includes:
    • The need for separate insurance, Risks/property insured, Ways cover can be arranged, Parties and terminology
    • Contract Conditions:
      Parties involved, Insurance requirements for Works & Plant under JCT 2011 standard form of contract, Other Contracts, JCT Minor Works, JCT Intermediate
    • Policy Cover – Contract Works:
      Usual cover, exclusions, extensions, Common alternatives, Maintenance cover, Defects exclusions
    • Placing and Rating Risks:
      Key insurer information needs, Good risks and bad risks, Contract works pricing, Selling cases to underwriters

    Enquire about course availability

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