This essential training course focuses on the practical aspects of insurance as a critical requirement often overlooked during site implementation. As outlined in project contract documents, such as FIDIC and local Conditions of Contract, specific clauses mandate the arrangement of insurance for projects, equipment, and protection against third-party claims. Essentially, indemnity must be secured to protect the Employer or client.
Effective project implementation involves managing various risks, and insurance serves as a vital risk transfer mechanism. This course will cover how risk management can mitigate exposures related to perils such as floods, fires, explosions, landslides, and even design shortcomings or material defects.
Over the five-day training, participants will learn fundamental principles of insurance. The course leader will share valuable insights from decades of industry experience, along with regional case studies, to deepen understanding of this crucial contractual subject matter.
By attending this Coventry Academy training course delegates will be able to make a substantial, positive impact on the Asset Management best practices within their organization, more specifically:
This training course is suitable for a wide range of professionals who are involved in any aspect of Construction Risk and Insurance and who want to understand, implement and improve the latest Contractors All Risks / Erection All Risks Project Insurance Project Insurance concepts, processes and ideas.
For example, Senior executives, Engineers and Managers from the following industries:
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