Construction Insurance and Administration Workshop

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

METHODOLOGY
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH: 8th – 11th Apr,2025
2ND BATCH: 12th – 15th Aug,2025
3RD BATCH: 2nd – 5th Dec,2025