This highly interactive workshop is designed to provide an overall understanding of engineering insurance which refers to the insurance that provides economic safeguard to the risks faced by the ongoing construction project, installation project, and machines and equipment in project operation. Participants will also gain insight into these policies and how they cater to various forms of uncertainties associated with on-site construction and plant usage.
At the end of the session participants will:
- Understand the various types of engineering insurance policies in particular Contractor’s and Machinery All Risk policies
- Understand the principles and practices in underwriting these types of insurance policies
- Understand the claims handling procedures in the event of a loss
- Gain insight into opportunities for engineering types of insurance in the local environment