Construction Insurance Essentials - An Introduction

Introduction

Using an interactive case study of a project involving a number of insurance contracts, find out how to recognise the different types of insurance available and their purposes in construction projects:

• What types of insurance are available and which are suitable for which party?
• What project risks can I identify and how can they be covered off?
• What should I do when an insurance claim is made in relation to a project?

This course is an introduction to construction insurance, and will be of interest to lawyers as well as construction industry professionals, including surveyors and engineers.

What You Will Learn

This course will cover the following:

• How to recognise different types of insurance
• Understanding key terms of insurance contracts
• The roles of key individuals involved in insurance placement and claims
• How insurance is provided for in project documents
• Typical insurance products found in construction projects, why they are taken out and by whom, and for what purpose/cover
• How to recognise common issues which arise as between insurer and insured, including in relation to notification, deductibles/self-insured retentions, coverage and subrogation
• Practical techniques for managing claims
• The key roles and responsibilities of parties involved in procuring insurance and handling insurance claims
• Gain techniques for managing issues that arise and insurance claims