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Construction Insurance, Practice, Law, Reinsurance & Risk Management

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Essential guide to insurance in the construction industry
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OverviewContents
Clients involved in the construction industry need proper advice from their insurers and lawyers. This necessitates a sound knowledge of the way in which the law allocates the various risks, and the insurance available to cover them.
This book is essential reading for anyone wishing to understand these issues.

Author(s): Wright, John D.
Published: 1997
Binding: Hardback
ISBN 10: 1856091139 ISBN 13: 9781856091138

CONTENTS

Foreword

Preface

Acknowledgements

Index of Cases Cited

Chapter 1    The Construction Market

1.1    Introduction

1.2    Size of Construction Market

1.3    Legal Background

1.4    Statutory Influences

1.5    Vicarious Liability

1.6    Parties to a Construction Contract

1.7    The Employer

1.8    The Contractor

1.9    The Sub-contractor

1.10  The Developer

1.11  The Professional Team

1.12  Duties of the Parties

1.13  Limitation, Indemnity and Exclusion Clauses

1.14  Use of Collateral Warranties

Chapter 2    Construction Contracts J C T Forms

2.1    J C T Standard Contract 1980

2.2    J C T Design and Construct Contract 1981 (CD 81) with 1986 Amendments

2.3    J C T Management Contract 1987

2.4    Sub-contractors

2.5    J C T Minor Works Agreement

2.6    Measured Term Contract

Chapter 3    Construction Contract—I C E Conditions 6th Edition

3.1    Institution of Civil Engineers, Conditions of Contract

3.2    I C E Design and Construct Contract

3.3    General Conditions of Government Contracts for Building and Civil Engineering Works

3.4    Single Stage Design and Build Contract GC/Works/Edition 3

3.5    Institution of Mechanical Engineers (I.Mech.E)

3.6    Process Plants, Institution of Chemical Engineers

3.7    General Conditions for the Hiring of Plant

3.8    Hire Association of Europe

Chapter 4    Overseas Contracts Legal Systems and Insurance Procedures

4.1    International Conditions of Contract for Works of Civil Engineering Construction (F.I.D.I.C)

4.2    International Conditions of Contract for Electrical and Mechanical Work. (F.I.D.I.C)

4.3    F.I.D.I.C. Design — Build and Turnkey Conditions

4.4    F.I.D.I.C The New International sub-contract 1994

4.5    New Engineering Contract

4.6    Insurance and Legal Systems Overseas

Chapter 5    Contract Works Policy

5.1    Nature of the Cover

5.2    Analysis of the Contract Works Policy

5.3    Policy Exceptions

5.4    Policy Conditions

5.5    Policy Schedule

Chapter 6    Construction Liability Insurance

6.1    Liability

6.2    Employer’s Liability Insurance

6.3    Public Liability Insurance

Chapter 7    Professional Indemnity Insurance. Latent Defects Cover, Consequential Loss Covers and Performance Bonds. Credit Insurance

7.1    Nature of Professional Indemnity Cover

7.2    Policy Wording

7.3    Latent Defects Insurance

7.4    Consequential Loss Cover

7.5    Performance Bonds

7.6    Credit Insurance

Chapter 8    Risk Assessment

8.1    Physical Hazard

8.2    Specialist Areas

Chapter 9    Risk Management—Alternative Risk Financing and Disaster Recovery Planning

9.1    Introduction

9.2    The Risk Management Process

9.3    Identification of Risk

9.4    Analysis

9.5    Risk Control

9.6    Joint Fire Code — Prevention Checklist

9.7    Security on Site

9.8    Site Safety

9.9    Environmental Issues

9.10  Terrorism Damage

9.11  Risk Management for Professionals

9.12  Contractors on Third Party Sites

9.13  Alternative Risk Financing

9.14  Disaster Recovery Planning

Chapter 10 Underwriting and Claims

10.1  The Underwriting Process

10.2  Contract Works Underwriting

10.3  Practical Information Gathering

10.4  Reinsurance

10.5  Overseas Risks

10.6  Placing of Risks

10.7  Claims

Index

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