Construction Project Management Services and Construction Books
  • Construction Home
  • About Paul Netscher
  • +Construction Books
    • Successful Construction Project Management
    • Building a Successful Construction Company
    • Construction Claims
    • Construction Project Management: Tips and Insights
    • Construction Management: From Project Concept to Completion
    • An Introduction to Building and Renovating Houses
    • The Successful Construction Supervisor and Foreman
    • Designing your ideal home
  • Construction Management Services
  • Book Reviews
  • Contact
  • Blog | Construction Management
  • Site Map
  • Blog | Home Improvement
  • Index of construction articles
  • Useful Links
  • Index Home Improvement

Construction project insurances - what project managers need to know.

31/12/2014

1 Comment

 
The Project Manager must know what insurances the client has in place to cover the construction works. This includes, understanding the terms of the policy, what’s covered and what’s excluded, the duration of the policy, and what the excesses are on the policy.
The Project Manager needs to evaluate the risks and put appropriate insurance cover in place. It may be necessary to arrange additional insurance should the client’s insurance be inadequate,or if the policy excesses are too high.

There are various insurances a project should always have, these include, amongst others:
1. plant and equipment insurance
2. insurance of the works
3. public liability insurance
4. workers compensation insurance
5. professional indemnity insurance if there’s design involved

The company may already have some ofthese policies in place making it unnecessary to take out additional cover. Nonetheless, the existing policies must be reviewed to ensure they adequately address the risks on the project. For instance, additional cover may be required if the project:
1. is in another country, since some of the standard policies mightnot apply
2. is located in a region prone to tropical diseases, where it’s important to know personnel on the project will be covered in the event someone becomes ill
3. is in a remote region,insurance should be in place to cover flying a patient home for emergency treatment, which could cost several thousand dollars
4. contains particular risks which are specifically excluded from the policy
5. has a value in excess of the existing policies
6. requires the use of high value equipment items not included in the policies

If there are any doubts as to what insurance cover should be in place check with qualified experts on the matter such as,the insurance broker your company deals with.
(from 'Successful Construction Project Management - The Practical Guide' by Paul Netscher)


construction management construction project management
1 Comment
Professional Liability Insurance cambridge link
16/6/2023 01:26:42 pm

As a project manager, it's crucial to have a comprehensive understanding of construction project insurances. Knowing the types of coverage available, such as general liability, workers' compensation, and builder's risk, will help you mitigate risks and protect your project. Familiarize yourself with policy terms, exclusions, and claim procedures to ensure adequate coverage. Collaborating with an experienced insurance professional can provide valuable guidance tailored to your specific project needs. Stay proactive and informed to safeguard your construction project's success.




Reply

Your comment will be posted after it is approved.


Leave a Reply.

    Picture
    Picture
    Picture

    Archives

    December 2024
    November 2024
    October 2024
    June 2024
    April 2024
    March 2024
    February 2024
    January 2024
    September 2023
    July 2023
    May 2023
    March 2023
    January 2023
    October 2022
    August 2022
    June 2022
    May 2022
    March 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014

    ​Note: We welcome genuine comments, especially comments that add additional information to the subject matter in the article. We however reserve the right to remove inappropriate comments, which includes comments that have nothing to do with the subject, comments that include inappropriate language, and comments that are an advertisement for a product or company, or which include an advertising link. Comments must be in English. We will not enter into discussion on why a particular comment was removed.

    Categories

    All

    RSS Feed

    Copyright 2016 - The attached articles cannot be reproduced for commercial purposes without the consent of the author.
    The opinions expressed in the attached articles are those of the writer. It should be noted that projects are varied and different laws and restrictions apply which depend on the location of the contractor and the project. It's important that the reader uses the supplied information taking cognisance of their particular circumstances. The writer assumes no responsibility or liability for any loss of any kind arising from the reader using the information or advice contained herein.
    Picture
    "I have what I consider some of the best books on construction management."

    Books are available from:
    Amazon.com
    Amazon.co.uk
    takealot.com

    kalahari.com
    Amazon.in
    Amazon.de
    Amazon.fr
    Amazon.it
    Amazon.com.au
    Powell's
    Fishpond
    uread
    bokus
    Amazon.ca
    Amazon.es
    Other retail stores

    Available in paperback or on Kindle
    Picture
    ​"28 YEARS OF CONSTRUCTION PROJECT MANAGEMENT EXPERIENCE, DEVELOPING SUCCESSFUL CONSTRUCTION PROJECT MANAGERS AND BUILDING SUCCESSFUL CONSTRUCTION COMPANIES"
    Picture
    Picture
    Picture

Construction Books

Successful Construction Project management
Building a Successful Construction Company
Construction Claims: A Short Guide for Contractors
Construction Management: From Project Concept to Completion
Construction Project Management: Tips and Insights
​
Build and Renovate Your Home With Your Eyes Wide Open
Book Reviews

Construction services

Construction Management Services
Paul Netscher
Construction Management Blog
​Home Improvement Blog

Contact
Developing Successful Construction Project Managers.

Building Successful Construction Companies.
30 years of construction project management experience
  • Construction Home
  • About Paul Netscher
  • +Construction Books
    • Successful Construction Project Management
    • Building a Successful Construction Company
    • Construction Claims
    • Construction Project Management: Tips and Insights
    • Construction Management: From Project Concept to Completion
    • An Introduction to Building and Renovating Houses
    • The Successful Construction Supervisor and Foreman
    • Designing your ideal home
  • Construction Management Services
  • Book Reviews
  • Contact
  • Blog | Construction Management
  • Site Map
  • Blog | Home Improvement
  • Index of construction articles
  • Useful Links
  • Index Home Improvement