Introduction to contract works insurance for Real Estate underwriters/brokers
In this IIL Property Investors Seminar, intended for those new to this sector of the profession, Laura Frost, Jaymin Patel, Dave Cahill & Paul Kelly provided an overview of Construction and Contract Works Insurance.
They looked at the parties involved in a contruction contract: JCT contract conditions; CCIP and OCIP; cover provided under existing property insurances; project specific contract works insurance; advanced loss of profit; existing structures; JCT 6.5.1; public liability; Joint Code of Practice and water damage on construction sites.
By the end of this lecture members would have gained an insight into:
- What contract works cover is provided under a typical Property Owners wording
- The implications for Property cover on existing buildings incl. where the Employer is not the landlord or freeholder
- Contract works insurance and what are the benefits of an Owner Controlled Programme (OCIP)
- The main types of cover available under an OCIP e.g. loss of income/delayed start up (DSU), JCT clause 6.5.1 perils and PL
- Risk management on construction sites - Joint Code of Practice
Chair:
Dave Cahill, Senior Partner, Divisional Business Development Leader, JLT Specialty Ltd.
Registration & Security
CPD events are open to CII and PFS members
Registration closes at 12pm two working days before the event date
For events held in The Old Library, Lloyd's pass holders may also attend and do not need to register
Original Photo ID (Driving Licence, Passport, Work ID with company logo and full name) is required to gain entry to all venues
Conditions:
- Email confirmations and original photo ID must be produced to security staff at the lecture venue
- Attendance confirmations are non-transferable to any other person or lecture
- All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission
Please let us know what we can do to make our events fully accessible to you.
Contact:
Please contact Patricia Pedraza (07463 028327) with any queries regarding the CPD events programme.
CII Accredited
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 1/2 hours' CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.