Construction Insurance & Risk Management

A Practical Workshop on Dealing with Construction Insurance

Date: 18-21 AUGUST 2020
Location: ACCRA – GHANA

Register Now, Limited Seats Available!
R 16,999.00 Per Delegates

Introduction

Construction insurance is a specialist class of insurance with a considerable amount of complexity, even on some small projects. When you visit cities around the world, cranes dominate the skyline. The demands on insurers to provide cover and understand the complexity of the insurance needs of the builder are increasing. The expectation is that the intermediaries and insurers selling this class of business will take an active role in providing risk management solutions to the customer.

This Four-day technical seminar will provide attendees with an understanding of construction insurance and the key risks that surround a project. The workshop is led by an experienced and well known subject facilitator who uses interactive 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. The 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).

At the end of the seminar, participants will leave with an understanding of:

  • The key risk management and underwriting considerations for construction
  • Learn how the Contraction All Risks (CAR) policy is used as a risk transfer mechanism
  • 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
  • how to create a risk management culture within a construction project
  • workplace health and safety considerations
  • how to access professional assistance to better understand the complexity of the risk and insurance solutions required for a large construction project
  • the scope of construction insurance
  • construction liability
  • Employers Indemnity Insurance
  • the importance of reinsurance

This Program is Suitable for:-

This workshop is suitable for a wide range of professionals but will greatly benefit:

  • Construction PersonnelProject Engineers, Quantity Surveyors, Project Managers and relevant team members from the following firms:
    • Contractors, Builders, Sub – Contractors, Developers & Suppliers (who are buyers or consumers of insurance products)
  • Construction ProfessionalsBuilding Surveyors, Architects, Consultants (who advise contractors and builders)
  • Lawyers, paralegals, and Managers / Senior Officers from:
    • Legal firms, solicitors offices, Government agencies and Authorities / Local Council and Utility companies (who are involved in establishing insurance coverage needs and deal with insurance claims disputes & litigation)
  • Senior Officers and Managers from Insurance Companies and Reinsurance Companies (who mainly arrange or deal with insurance coverage for the industry)

The event is finished.

Date

18 Aug 2020 - 21 Aug 2020
Expired!

Location

Accra Ghana
Category
BMK TRAINING COMPANY.

Organizer

BMK TRAINING COMPANY.
Phone
+255 689610444 (+27 110576001)
Email
info@bmktraining.co.za
To Register Click Here

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