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Essentials of Contractors’ All Risks Policy

Event code: 80010


INTRODUCTION
Construction sites are often exposed to risks. Collapse, flooding, fire, falling debris, accidents involving workers or even damage to third party properties are among the common concerns at on-going project site. This course comprising of lectures and case studies, will enable participants to appreciate basic concepts in risk management and acquire better knowledge of the Contractors’ All Risks (CAR) insurance policy. Besides policy coverage, issues of dealing with CAR claims will also be addressed during the session.


OBJECTIVES
By the end of the programme, participants will be able to:
• Identify the scope and coverage of the Contractors’ All Risks (CAR) policies, and describe how the various policy conditions, extensions and exclusions are applied.
• Compare and contrast the scope and application of the Contractors’ All Risks policy, and how risk management techniques are used to minimise certain site exposures.
• Highlight the main claims conditions applicable to the CAR policy and describe the typical claims handling process, as well as the role of the loss adjuster in dealing with complex claims.
• Appreciate the various endorsements, clauses and deductible applicable under this policy.
• Describe the steps involved in application of recovery, salvage and “other insurance” in claims settlements.


CONTENTS
Risk Management and Basic Concepts of Risk Transfer Mechanism
• Overview of Construction Insurance
• Types of Available Cover

Contractors’ All Risks (CAR) Policy
• Subject Matter of Coverage
• Structure of Policy – Section I and II
• Scope of Cover
• Policy Schedule
• Period of Cover
• Sum Insured
• Basis of Loss Settlement
• General Exclusions, Special Exclusions and General Conditions
• Common Extensions / Clauses
• Design Coverage

General Claim Issues
• General Claims Conditions
• Basis of Loss Settlement
• Claims Notification
• Loss Adjusters’ Duties
• Claims Disputes
• Ex-Gratia Payments
Case Studies and Q&A


LECTURER
Ir Pooba Mahalingam
B.Eng(Hons), P.Eng, MIEM, MCIHT, AICLA(Aff.), ASII, ACTA
Ir Pooba Mahalingam is a professional engineer with technical experience in the insurance and risk industry. He has over 20 years of work experience where he has managed construction and engineering insurance claims. He also handled risk management assignments for large and complex projects in the region. Pooba was previously attached to an international claims management company and led its Construction, Power and Engineering (CPE) team. Prior to that he worked in an international risk firm and was responsible for mega project risk management and operations. He also gained further regional engineering exposure in his assignments in Brunei, Indonesia, Myanmar, Vietnam, and Hong Kong. Ir Pooba is currently the President of the Insurance Law Association of Singapore (ILAS) and an active facilitator with The Australasian Institute of Chartered Loss Adjusters (AICLA) and the Singapore College of Insurance (SCI).


TARGET AUDIENCE
• Developers
• Architects
• Engineers
• Quantity Surveyors
• Builders and Contractors
• Project Directors and Project Managers
• Personnel involved in insurance related matters and claims for construction companies.


DETAILS
3rd Run: To be confirmed
Duration: 1 day
Time: 9.00am to 5.30pm
Venue: BCA Academy
Fee (Incl of GST): S$380.00

Refreshments & Lunch is provided. 



CPD POINTS
PEB: Pending
SISV (QS DIVISION): Pending


To register, please log into our Online StoreFront (OSF) at  https://eservices.bcaa.edu.sg/registration/#/login 
and search for course code 80010



Download Brochure here

 

TERMS AND CONDITIONS

1) The company and individual applicant has read and understood the terms and conditions. 2) The company and individual applicant warrant that the particulars given are accurate. 3) The Building and Construction Authority (BCA) can disclose to other government agencies any information relating to this application. 4) Payment for the course must be made to BCA before the course commencement date. 5) Any Direct Debit and Direct Credit Authorisation for GIRO applications previously signed and passed to BCA will apply to payments made under this course. 6) BCA reserves the right to accept or reject the application for whatever reason. 7) BCA shall at its discretion allocate a space to the registered applicant, based on availability. 8) BCA reserves the right to amend any details relating to the course, revise the course fees without prior notice, cancel or postpone the course. 9) No deferment is allowed. 10) Request for withdrawal must be made in writing. Requests are subject to approval by BCA and administration fee: Written request for withdrawal that reaches BCA - At least 2 weeks before the course commencement date: 10% of course fee is payable. - Less than 2 weeks but more than 3 working days before the course commencement date: 25% of course fee is payable. - 3 working days or less before the course commencement date: full course fee is payable. 11) No Replacement is allowed for funded participants. 12) The Continuing Professional Development (CPD) points indicated for any course offered by BCA is subject to change and final approval by the relevant professional accreditation bodies. 13) Funding and subsidies offered by BCA or third party organisations for the courses are subject to approval. The company must make the application for funding and subsidies. BCA is not to be held liable and the company agrees to pay BCA the applicable funding amount if funding and subsidies are either granted at a reduced amount, not granted at all or if funding is revoked, for whatever reason. 14) All information, materials, services, intellectual property and other property and rights provided by BCA during the course are provided on an “as is” basis. BCA makes no warranties of any kind, either express or implied, as to any matter, and all such warranties, including warranties of merchantability and fitness for a particular purpose, are expressly disclaimed. 15) The materials supplied to the company and individual applicant for the course (“Materials”) are for their personal reference only and the company and individual applicant is not supposed to otherwise use the Materials. The company and individual applicant shall defend and indemnify BCA and its officers, employees and agents from and against any and all liability, damage, loss or expense (including reasonable attorneys’ fees and expenses) imposed upon BCA in connection with any claim arising out of the company and individual applicant’s use of the Materials. 15) Re-assessment fee is applicable for those who are required to re-take the assessment. 16) I consent to BCA, BCA Academy, and BCA’s employees contacting me via my contacts (including email addresses and mobile numbers) to market future courses, seminars, conduct surveys, circulate publications (i.e. magazines, periodicals etc). If you wish to withdraw your consent to any use or disclosure of your personal data as set out above, you may contact us. PLEASE NOTE: All correspondence and notices addressed to BCA are to be sent to BCA Academy. Photographs of attendees will be taken at the event for our publicity materials, newsletters and other publications.

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