A Practical Workshop on Dealing with Construction Insurance

This training workshop, Dealing with Construction Insurance – The A to Z of Handling Claims and Issues is presented to enable delegates to understand the key features of this critical construction insurance product and coverage aspects. It is a contractual requirement that is often over looked by project personnel and management while preparing for site mobilization and commencement of physical work on the ground. This workshop is led by an experienced and well known subject facilitator who uses inter-active learning methods to enhance the learning process. The delegates will be taught the technical aspects of the insurance coverage and also shown how claims are handled. Focus will be given on two main documents - the Contraction All Risks (CAR) and Erection All Risk (EAR) policies both of which are a requirement under various local and international construction contracts (FIDIC, for example). Case studies will be used to ensure that the learning is effective and equally enjoyable. This workshop will highlight the following key features: A Study of the Contraction All Risks (CAR) Policy Wording – understanding using the Munich Re of Germany standard wording format Considering Risk Appetite and Concerns of the Underwriter when looking at New Project Insurances Appreciate How Claims are Evaluated and Managed by different Insurance Companies Special Attention on Specific Clauses, Endorsements and Warranties of the C.A.R. policy Discussion on Best Practice to obtain a more Effective Coverage from the Policy