Silent Risk Insurance – How Does It Work

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Introduction

Certain construction risks have turned into “deserted” project sites owing to contractual disputes or financial issues. During this period of time, the “silent risk” policy should kick in to provide the minimum coverage for such works. Aspects of coverage and types of claims for this insurance policy will be addressed in this session, to enable participants to appreciate this construction product.

 

Learning Objective

  • Appreciate the coverage afforded under this Silent risk cover.
  • Understand how the claims are handled
  • Consider some of the special conditions imposed by underwriters for this policy

 

Program Duration

1 Day

 

Program Content (9.00am -5.00pm)

  • The need for this policy coverage
  • Some of the underwriting consideration for this risk
  • Dealing with silent risk claims
  • Study the technical issues relating to this risk

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