Construction Insurance and Administration

By the end of this workshop, participants will have:

• Extensive knowledge of recent developments in commercial insurance
• An understanding of the different insurance products and covers available
• An essential perspective of current market practices

CONTENT

• Subject matter
  • Need for separate insurance
  • Risks/property insured
  • Ways cover can be arranged
  • Parties and terminology
• Contract conditions
  • Parties involved
  • JCT standard form of contract
  • Contractual obligations
  • Insurance requirements
  • Contract works, liability, plant
• Policy cover
  • Contract works
  • Usual cover
  • Exclusions and extensions
  • Common alternatives
• Policy cover – liability
  • Usual cover
  • Exclusions and extensions
• Placing and rating risks
  • Key insurer information needs
  • Underwriting features
  • Risk management
  • Contract works pricing.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.