Title |
MII Basic Course in Construction All Risk / Erection All Risk Insurance |
Date |
4 – 5 July, 2012 |
Duration |
2 Days |
Level |
Basic |
Time |
9.00 am to 5.00 pm |
Venue |
The Malaysian Insurance Institute
MII City Centre
S17-S28, 2nd Floor,
Maju Junction Mall
1001 Jalan Sultan Ismail
50250 Kuala Lumpur |
Trainer |
TBA |
Who Should Attend |
- New Entrants
- Insurance Industry Personnel
- Non-insurance personnel whose work require a basic understanding or a practical knowledge of the subject
- Anyone who requires basic knowledge on insurance
|
Key Learning Outcomes |
At the end of the course, participants will be able to :
- apply the principles of insurance to contract risks
- identify the underwriting factors and explain the scope of cover under the CAR/EAR policies
- outline the obligations of the parties to contract guarantees / bonds
- state the bond underwriting requirements identify the main features of the performance bond wordings currently in use
- describe the claims procedures
|
Course Content |
- Application of Principles of Insurance to Contract Risks
- Parties to a contract risks
- The Principles or Employer
- The Contractor
- The Insurer
- Types of policies and bonds:
- Contractors' All Risks (CAR)
- Erection All Risks (EAR)
- Tender Bond
- Supply Bond
- Performance Bond
- Advance Payment Bond
- Other Bonds
- Proposal forms, counter-guarantee forms and letters of guarantee
- Claims handling procedures and documentation
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