This course covers both the theory and practice of Contract Works Insurance and provides a broad but detailed overview of the industry and its component parts, players and products.
Attendees should already have a good working knowledge of a Contract Works policy as well as an understanding of the Construction industry. You will gain a good grounding in how to understand and provide Contract Works Insurance related financial adviser services to clients, and how to select the appropriate Contract Works Insurance products based on the needs of a particular contract. Subjects covered include:
The Contract Works Policy
Scope of cover
Commencement of cover
Termination of cover
The Contract and the Insured Parties
Who is insured, when and why
Sums Insured and Post-Loss Allowances
What does the policy require
Principal Supplied Materials
Types of Construction contracts
Design Construct contracts
This is a course for: brokers, trainee brokers and assistant brokers
Anyone (and everyone) with an interest in contract works.