Title |
MII Technical Course in Construction All Risk / Erection All Risk Insurance |
Date |
21 – 22 March, 2012 |
Duration |
2 Days |
Level |
Intermediate |
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 |
- Insurance Industry Personnel who have basic knowledge in Insurance or basic knowledge in Construction All Risk / Erection All Risk Insurance
- Non– insurance personnel whose work require an understanding or practical knowledge of the subject
- Anyone who require knowledge on insurance
|
Key Learning Outcomes |
At the end of the course, participants will
be able to :
- relate the application of the principles of insurance to contract risks
- identify the underwriting factors of CAR/EAR insurance
- outline 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
- state the claims procedures
|
Course Content |
- Application of Principles of Insurance to Contract Risks
- Parties to a contract risk
- 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
|
