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- Unpacking Contractors’ All Risk Insurance - Weightmans
Generally, standard JCT construction contracts require a Contractors’ All Risk policy to be taken out by one of the parties (as specified in the contract) in the “joint names” of the contractor and the employer which, unless the JCT contract is amended, must cover the replacement value of the works plus an additional15% to cover professional fees associated with the replacement
- Construction Project All Risks | Allianz Insurance
Construction Projects All Risks provides flexible insurance with key engineering and liability covers all under one policy Construction e xpert trading teams Underwriters with comprehensive industry knowledge and technical expertise - for both new and renewal business
- Contractors All Risks insurance - Swiss Re
Part II: Contractors’ All Risks insurance 1 Contract works – exposures – available insurance 22 2 The Contractors’ All Risks insurance policy 25 2 1 Insured parties 26 2 2 General policy conditions 27 2 3 Exclusions from the insurance coverage 30 2 4 The period of insurance 34 2 5 Sums insured 36 2 6 Extensions of coverage 36
- What is Contractors All Risk Insurance Who needs it?
Contractors’ all risk insurance, also referred to as Contract Works Insurance or Construction Insurance, is a non-standard insurance policy that provides coverage for accidental physical loss or damage that occurs to a property insured during the construction period It covers the contract works undertaken by the contractor and sub contractors
- Construction Insurance - Munich Re
Contractors All Risks (CAR) insurance, also known as Contract Works insurance, protects the insured against loss of or damage to property, equipment, or building materials This cover focuses on the construction works in progress, protecting building contractors and other construction trades, and or project owners
- Allocation of risk in construction contracts
Rachel Murray-Smith and Oliver Slater look at the importance when entering construction contracts of the parties reflecting the allocation of risk Construction projects involve a number of variables, each of which present risk – market forces, weather conditions, grounds conditions and workforce issues (to name a few favourites!) all of which can cause delays and or impact on cost
- Insurance clauses in Construction Contracts - Marsh
2 • Insurance Clauses in Construction Contracts The Basics of Insurance Insurance is a contract between the Insured (the first party) and the Insurer (the second party) that sets out the Insurer’s promise to pay a specified amount at a future time if a defined event occurs These events broadly break down into the following groups:
- Managing risk in construction projects – how to achieve a . . .
Managing risk in construction projects Page 12 PricewaterhouseCoopers Project controls 1 3 Facilities Master Plan Planning Process 2 3 Project Requirements Definition 3 3 Building Design 4 3 Change Control Process 6 3 User acceptance Process 1 0 Planning 2 0 Program 3 0 Design 4 0 Construction 5 0 Testing 6 0 Close-Out 7 0 Ops Maint 1 1 Program
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