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Contract Works – JCT Made Simple

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 pre-requisite.

  • 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
    • Explain the significant features of JCT contracts, particularly with regard to differing editions, parties to the contract etc.
    • 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:
    • Subject Matter
      – 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 Standard
    • Form of contract
      – Other Contracts
      -JCT Minor Works
    • Policy Cover –Contract Works
      – Usual cover, exclusions, extensions
      – Common alternatives
      – Maintenance covers
      – Defects exclusions
    • Placing and Rating Risks
      – Key insurer information needs
      – Good risks and bad risks
      – Contract works pricing
      – Selling cases to underwriters

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