Risk Management & C.A.R Policy Issues Relating to Construction Site Theft Losses
Construction sites are exposed to various perils and exposures. Theft and physical loss of material, plant and machinery is a common occurrence faced at project locations.
There are various risk aspects involved in a project and some of these issues can be identified and managed. Insurance is a risk transfer mechanism. Risk management can be used as a mode to reduce certain exposure(s) on site.
The session will address some of the concerns of the underwriter when dealing with theft loss. Application of deductible and other restrictive clauses will be addressed.
The application of the CAR policy in relation to theft losses will be deliberated and expanded. The Course Leader will share some of the more his own project risk insurance cases to enable better understanding of this technical subject.
There are various risk aspects involved in a project and some of these issues can be identified and managed. Insurance is a risk transfer mechanism. Risk management can be used as a mode to reduce certain exposure(s) on site.
The session will address some of the concerns of the underwriter when dealing with theft loss. Application of deductible and other restrictive clauses will be addressed.
The application of the CAR policy in relation to theft losses will be deliberated and expanded. The Course Leader will share some of the more his own project risk insurance cases to enable better understanding of this technical subject.
Recommended for
- Insurance company, Broker, Reinsurance staff - Marketing, Underwriting & Claims.
- Buyers of Insurance products.
- Government agencies/ local authorities
About the trainer:
IR. POOBA MAHALINGAM, Regional Risk Consultant - Singapore |
Pooba is a Regional Risk Consultant based in Singapore with 30 years of practical experience in risk/ insurance. Pooba is a professional engineer and operates under “Talent Asia Training & Consulting” of Singapore. He is specialized in the insurance space with special focus on engineering/ property insurance and risk management aspects. Pooba is a regular lecturer with the Singapore College of Insurance (SCI) and the Malaysian Insurance Institute (MII). He is also the Author of a MII publication entitled, “Engineering Insurance.” Besides training, Pooba also undertakes property risk surveys and provides consultancy services to various clients in Singapore and in the following regions: Asia, Middle East & Africa.
17 & 18 July 2024
9.00 a.m. - 5.00 p.m.
Method: In-Person Training
CPD Hours: 14
Registration Closing Date:
11 July 2024
CPD Hours: 14
Registration Closing Date:
11 July 2024
Day 1
Day 2
- Explore the coverage provided by insurance cover.
- Discuss and identify “trade risks”
- Look into the various theft issues at site
- Understanding police investigation and retention material as court evidence
- Share a few case studies relating to insurance coverage
- Security features – hoarding, security guards, CCTV and alarm system
- Recovery against others – in the case of theft losses
- Guest speaker from construction industry who will share their perspective to this subject
Day 2
- Site Visit