A CASE STUDY APPROACH TO DEALING WITH CONSTRUCTION RISK AND INSURANCE – INCLUDING ADVANCED LOSS OF PROFIT (ALOP) COVERAGE

About The Course

This two day intermediate level workshop is planned with special focus on case studies and worked examples to make the learning more effective. It has been organized to provide participants a hands-on understanding of dealing with the Contractor All Risks (CAR) insurance claims relating to Material Damage (Section I) and Third Party Liability (Section II). The program also includes discussion on Advanced Loss of Profits (Section III) to provide a better understanding of this complex subject and to explain how it relates to privately funded projects.

The workshop course leaders are AICLA qualified loss adjusters who have extensive experience in handling CAR claims in the region. They will spend the two days sharing their knowledge and experience, using an interactive presentation format that will require delegate participation to reinforce the learning experience. The use of real life case studies will be the platform to explain the Construction All Risks policy coverage and highlight the issues encountered in handling construction claims.

Key learning Objectives

At the end of the course, participants will be able to:
• Understand the practical aspects of the Construction All Risks policy coverage and its application
• Learn how to manage such construction / engineering claims effectively.
• Describe the operational and practical challenges and concerns that Insurers, Brokers and Claims Handlers need to consider and focus on when managing these claims.
• Highlight ALOP claims relative to project delays and cost over-runs.
• Appreciate a better understanding of quantum calculation of material damage, liability and financial loss claims.
 
 

 

Contact Info

The Malaysian Insurance Institute 197701004772 (35445-H),
Level 6, Bangunan AICB,
No. 10 Jalan Dato’ Onn,
50480 Kuala Lumpur, Malaysia 

Tel : +603 2712 8882

Email : customercare@mii.org.my

Customer Service Virtual Office: Open from 10:00 a.m. to 12:00 p.m., Mon-Fri

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