17 Contract Insurances

Question 1

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

Answer 1

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Question 2

What basic insurances are required under JCT MW?

Answer 2

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Question 3

What basic insurances are required under NEC EC Short Contract?

Answer 3

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Question 4

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

Answer 4

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Question 5

What is subrogation?

Answer 5

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Question 6

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

Answer 6

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Question 7

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

Answer 7

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Question 8

What is contractor’s all-risk insurance?

Answer 8

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Question 9

What are specified perils?

Answer 9

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Question 10

What are excepted risks?

Answer 10

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Question 11

What does indemnify mean?

Answer 11

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Question 12

Does the contractor have to indemnify the employer?

Answer 12

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Question 13

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

Answer 13

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Question 14

Does the employer have to indemnify the contractor?

Answer 14

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Question 15

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

Answer 15

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Question 16

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

Answer 16

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Question 17

Explain the role of a loss adjuster?

Answer 17

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Question 18

How should surveyors and loss adjusters work together?

Answer 18

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Question 19

What does ‘in the aggregate’ mean?

Answer 19

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Question 20

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

Answer 20

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Question 21

What are the insurance implications with partial possession?

Answer 21

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Question 22

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

Answer 22

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Question 23

What affects the level of insurance on a project?

Answer 23

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Question 24

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

Answer 24

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Question 25

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?

Answer 25

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Question 26

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

Answer 26

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Question 27

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

Answer 27

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Question 28

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?

Answer 28

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Question 29

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

Answer 29

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