A Practical Workshop on Dealing with Construction Insurance

Introduction

This training workshop, titled Construction Insurance - The A to Z of Handling Claims and Issuances, is designed to help delegates understand the key points of this important construction insurance commodity and coverage aspects. It is a contractual requirement that is frequently overlooked by project personnel and management as they prepare for site mobilization and physical work on the ground.

This workshop is led by an experienced and well-known subject facilitator who employs interactive training methods to enhance the training process. The participants will be informed of the technical aspects of the insurance coverage and further shown how claims are handled. The Contraction All Risks (CAR) and Erection All Risk (EAR) policies, both of which are claims under various local and international construction contracts, will serve as the locus for the two main documents (FIDIC, for example). Case studies will be used to assure that learning is effective and fairly enjoyable.

This training will highlight the following key points:

• Considering Risk Desire and Concerns of the Underwriter when seeming at New Project Insurance
• Understand How Claims are Estimated and Managed by Several Insurance Companies
• Specialized Attention on Particular Clauses, Endorsements, and Warranties of the C.A.R. Policy
• Review Best Practices to obtain more Efficient Coverage from the Policy

Course Objectives of a Practical Workshop on Dealing with Construction Insurance

At the end of this workshop, you will acquire to:

• Know the Basic Principles of Insurance
• Discover how the Contraction All Risks (CAR) policy is used as a risk transfer mechanism
• Dissolve the policy operative clause and endorsements applicable to various risks scenarios
• Discover how the policy reacts to construction insurance claims
• Determine policy articles like Sum Insured, Border of Liability and Period of Sheet in regards to policy drafting

Course Methodology of a Practical Workshop on Dealing with Construction Insurance

This Dealing with Construction Insurance – The A to Z of Handling Claims and Results workshop will appropriate a variety of proven adult learning techniques to assure maximum knowledge, comprehension, and retention of the information presented through the five days.

The facilitator operates active - training techniques, association discussion, and role-play(s) to improve the training assembly. The delegates will also be presented a few challenging case investigations with actual site scenarios – and the facilitator will supervise them through achieving proper and effective solutions. A proper understanding of the Contraction All Risks (CAR) policy coverage is necessary to appreciate this activity.

Meanwhile, delegates are urged to train their personal work-related engineering insurance expertise to the class for further review and group discussion.

Organizational Impact of a Practical Workshop on Dealing with Construction Insurance

The experience gained over the five days will allow staff to appreciate the policy and specific effective issues relating to this insurance coverage.

The special details are presented here:

• Recognize the Insurance Coverage Issues
• Discover how to utilize policy terms in obtaining better Compensation for the Organization
• Utilize correct policy deductible and use suitable clause(s) for specific projects
• Manage correct Risk Management methods to safeguard the scheme risk in question

Personal Impact of a Practical Workshop on Dealing with Construction Insurance

This Apportioning with Construction Insurance – The A to Z of Handling Claims and Issues practical workshop will be an eye-opener to industry staff and the like. Using real-life case studies and samples the facilitator's forces will clear all doubts on coverage and policy issues. Delegates will take home an exceptional experience and know-how – this will bring better issues in their work contributions when in office.