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

In dealing with engineering or complex property risks, a risk survey is normally required by underwriters. This programme will present some of the basic features undertaken in a risk survey.

Key elements presented in a risk report will be looked into. Issues such as Probable Maximum Loss (PML) will be addressed, to enable the participants to appreciate the subject matter better.

Learning Objective

• Appreciate the need for risk survey for insurance considerations.
• Learn some of the basic features of risk surveys as undertaken in the field.
• Understand how PML figures are established in risks for underwriting purposes

Program Duration

1 Day

Program Content (9.00am -5.00pm)

• The need for risk surveys
• “areas” to look for in a risk survey
• Taking photographs and recording the site conditions
• Report writing and presenting the facts.

Most insurance business executives are required to produce reports in the course of their work. This can range from a brief meeting report to a complicated risk report for underwriters. For a report to be effective, proper presentation and format have to be used to meet its requirements.

We will address these well practiced report writing concepts during the programme. Useful tips will also be provided to improve participants’ report writing skills.

Learning Objective

• Understand how to structure a report to ensure correct information flow
• Learn methods of gathering and organizing information
• Edit and review complicated information/ documents.

Program Duration

1 Day

Program Content (9.00am -5.00pm)

• Improving written communications to produce better reports
• Using reports as powerful business tool
• Incorporating facts, information (charts and graphs) for reporting purposes.
• Dealing with technical issues and complex information in the report

This class of insurance is often taken up by Engineers, Architects and Surveyors to protect their professional responsibilities. This policy is a liability cover for the insured in the event of a negligent claim made by a client.

Some basic principles of this policy will be addressed during this programme. Case studies will also be used to introduce this specialised product to participants.

Learning Objective

• Understand how the PI policy is arranged and underwritten
• Appreciate the concerns of underwriter when considering this risk.
• Learn some special clauses such as ‘retrospective cover’ that is provided in this insurance.
• Consider a few case studies to learn how PI claims are managed.

Program Duration

1 Day

Program Content (9.00am -5.00pm)

• Discuss the basic coverage provided under the PI policy
• Explain the typical professionals who can be covered.
• Address the concerns of the underwriter
• Review of a few case studies relating to PI claims