This course provides an explanation of the covers specific to the construction industry, the standard forms of contract entered into by contractors, and an analysis of how risks are assessed. Whilst there is some consideration of the contractual implications within JCT for liability risks, the prime focus of the course is on contractors' all risks, and property insurance. This is an interactive workshop with a mixture of tuition and case studies.
What you will learn
At the end of this course you will be able to:
Understand why the cover is needed and how it is provided
Have an understanding of the content of the risk and insurance clauses in the JCT standard and design and build contract and the implications for contractors, insurers and property owners
Be familiar with the cover, exclusions and restrictions usually found in a Contract Works policy
Be aware of the factors insurers consider in the assessment and pricing of risk.