Construction Contracts Insurance and Liabilities

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Construction Contracts Insurance and Liabilities

THIS EVENT IS FULLY BOOKED. PLEASE SELECT ANOTHER DATE OR COURSE FROM OUR UPCOMING EVENTS.

Validated for CESA-1563-04/2022

INTRODUCTION

Consulting Engineers South Africa (CESA), the SA Federation of Civil Engineering Contractors (SAFCEC) and the South African Institute of Architects (SAIA) have welcomed this initiative.

This seminar has been is designed to be an interactive workshop comprehensively examining key aspects and potential pitfalls of the insurances and certain of the liabilities, not covered in HKA’s other seminars, relating to engineering and construction contracts and related associated professional service agreements.

WHO SHOULD ATTEND

  • Project Managers
  • Consulting Engineers
  • Architects
  • Financial Directors and Managers
  • Contract Negotiators and Drafters
  • Contract Administrators
  • Insurance Brokers
  • Attorneys
  • In-house Legal Advisors
  • Insurance Managers

SEMINAR CONTENT AND LEARNING OBJECTIVES

PROFESSIONAL INDEMNITY INSURANCE

  • The nature and purpose of Professional Indemnity Insurance
  • The role of the players in the professional indemnity insurance field
  • The difference between being reflected as a co-insured in policy vs your interest merely being ‘noted’ on the policy
  • The pros and cons of ‘Principal Controlled’ Insurance (PCI) programmes
  • Examining certain PROCSA clauses as they relate to insurance and the liability of professionals
  • Examining certain clauses in the FIDIC ‘White Book’ Client/Consultant Model Services Agreement as they relate to insurance and the liability of professionals
  • Important exclusions in professional indemnity policies and their effects
  • The need for a ‘design and construct’ policy for turnkey projects rather than a conventional professional indemnity policy
  • Implications of including public liability cover in a professional indemnity policy
  • Understanding ‘claims made’ cover
  • Purchase of retroactive cover
  • Assessing adequate insurance limits
  • Claims handling procedures
  • Understanding loss ratios and their impact on premiums

CONTRACT WORKS INSURANCE

  • Understanding the nature and purpose of Contract Works (or Contractor’s All Risks) insurance
  • Assessing risks for premium and deductible purposes
  • Normal policy exclusions and restrictions, including those for defective materials, workmanship and design
  • The pros and cons of ‘Principal Controlled Insurance’ (PCI) programmes
  • Understanding ‘difference in conditions’ cover
  • The property insured including temporary works and construction materials in transit
  • Policy limits
  • Factors influencing the calculation of premiums, including maintenance period, testing and subrogation

SASRIA INSURANCE

  • Understanding the nature and purpose of SASRIA Insurance

LIABILITIES

  • Understanding the purpose and techniques of limiting potential liabilities in a contract
  • Limiting liability
  • Devising remedies for breach of contract
  • Insights into design responsibility
  • Fitness for purpose
  • ‘Hazop’ studies
  • Order of precedence of contract documents
  • Deemed receipt of notices
  • Lateral support
  • Fundamentals of competition law
  • Overview of relevant provisions of the Consumer Protection Act
Mar 10 2021

Details

Start: 10 Mar
End: 11 Mar
Course Categories:

Venue

FULLY BOOKED