Date: 19 & 20 Aug 2021 (Thur & Fri)
Time: 9.00am – 5.00pm
Venue: Online (Zoom)
Fees: S$535.00* (REDAS Members)
This specially crafted two-day program will enable participants to understand the coverage afforded under the two related policies, namely Contractors’ All Risks (CAR) Insurance and Professional Indemnity (P.I) Insurance. Participants from the construction industry are encouraged to sign-up for this interactive session to obtain better knowledge of these interesting insurance subjects which will be shared by an experienced Regional Risk Consultant, based in Singapore.
Day 1, 19 August (Thursday)
C.A.R – The need for such coverage under the Conditions of Contracts (PS COC, SIA and FIDIC wordings) will also be addressed. It has two main sections ie. Section I and II. Cover for delays under the Advanced Loss of Profit (A.L.O.P) section will also be introduced.
Day 2, 20 August (Friday)
P.I – This class of insurance is normally taken up by Engineers, Architects and Surveyors to protect their professional responsibilities. This policy is a liability cover for the insured party in the event of a negligent claim made by a client. Explanation will also be shared on the “retrospective cover” under this annual insurance program.
Both topics are related to projects, but they have some technical coverage differences. These differences will be highlighted and specific clauses / endorsements will be addressed. Several interesting and real – life case studies will also be used to share the applications of these respective insurance policies based on Singapore and regional projects.