17 Contract Insurances Flashcards Preview

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Flashcards in 17 Contract Insurances Deck (29)
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1
Q

What type of insurance is generally taken out under a building contract?

A

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2
Q

What basic insurances are required under JCT MW?

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3
Q

What basic insurances are required under NEC EC Short Contract?

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4
Q

What is the effect of a policy being in joint names?

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5
Q

What is subrogation?

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6
Q

Who is usually included as a joint name on the policy for the insurance of the works?

A

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7
Q

Who takes out the joint names policy for the insurance of the works?

A

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8
Q

What is contractor’s all-risk insurance?

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9
Q

What are specified perils?

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10
Q

What are excepted risks?

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11
Q

What does indemnify mean?

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12
Q

Does the contractor have to indemnify the employer?

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13
Q

Explain to a contractor his obligations under the indemnity clause of a contract?

A

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14
Q

Does the employer have to indemnify the contractor?

A

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15
Q

What is the Joint Fire Code and how does it affect insurance?

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16
Q

When completing the contract particulars on a JCT Standard Building Contract, how would you find out if the Joint Fire Code applies or not?

A

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17
Q

Explain the role of a loss adjuster?

A

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18
Q

How should surveyors and loss adjusters work together?

A

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19
Q

What does ‘in the aggregate’ mean?

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20
Q

When might insurance be taken out for loss of LADs on the part of the employer?

A

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21
Q

What are the insurance implications with partial possession?

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22
Q

How would you check a contractor?s insurances were in place and what would you be looking for?

A

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23
Q

What affects the level of insurance on a project?

A

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24
Q

Who would be required to take out professional indemnity insurance on a construction project?

A

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25
Q

Under a JCT with Contractor’s Design form, if the contractor has employed an architect to carry out the design, does the contractor have to have PI insurance as well as or instead off the designer?

A

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26
Q

As a result of piling work, a neighbouring building has suffered damage. What insurance covers the employer in respect of claims in this instance?

A

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27
Q

If scaffolding has collapsed damaging the works and a neighbouring building, what action would you take and what insurances might be involved?

A

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28
Q

A contract requires the contractor to take out £1m insurance for each and every event but your client is being sued for damage to a third party?s property for _1.5m. Which contract insurances will be involved and who will pay for what?

A

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29
Q

Explain how an insurance claim was dealt with on one of your projects.

A

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