Course Details
Course Outline
5 days course
An Overview & Project Delays
- Managing Projects and Stakeholders
- The Need for Insurance in Projects
- The use of A.L.O.P cover to mitigate losses
- Projects Contract Administration
- Conditions of Contracts (FIDIC and other contracts)
- Current projects in MENA and Asia – in relation to delays
Application of the Policy and its Typical Coverage
- How the CAR policy is arranged?
- Relevant Coverage
- Discussion on Period of Cover and hand over issues
- General Exclusions – Is War related losses covered?
- Policy Conditions – Taking reasonable precautions
- What if there are two policies arranged for the same site?
Understanding the Policy itself
- Policy Operative Clause
- Sum Insured
- Limit of Liability
- Typical examples for each Section
- How about Section II losses and delays?
- Consequential loss – covered?
Advanced Loss of Profits ( A.L.O.P) and its details
- Who buys A.L.O.P cover?
- Coverage and exposures
- Exceptions and Conditions
- Connection to Section I
- Role of Loss Adjusters in Claims Handling
- Insured loss and the A.L.O.P claim
Handling Project Risks, Delays & Claims Management
- What are Underwriters Concerns?
- Risk Management and How it Works
- Claims Management and Project Monitoring
- How to over come project delays?
- The use of Performance Bonds
- Case Studies relating to delays and A.L.O.P cove
