Contract works insurance: water damage risk management
Gain insight into the challenges and solutions around all risk cover for water damage caused during contract works. Hear first-hand from parties with a vested interest in contract works insurance in this Community of Practice webinar.
Online registration has now closed for this event. If you would like to register to attend, please complete and return the booking form to Sarah Macpherson.
Notice for new bookings from EU/EEA customers only.
CIRIA is currently unable to directly process your transaction if you are purchasing from the EU/EEA region. If you wish to book onto this event please email your request to [email protected] and we will respond in the first instance.
Background
CIRIA launched a new Community of Practice (CoP) to bring together practitioners from the construction and insurance sectors with the objective of improving the management of risk and financial performance.
The CoP will help deliver more focused collaboration and enhance knowledge transfer in risk management through a series of network events and integrated resources within one point of reference. Some of the challenges examined within the CoP include professional indemnity insurance (PII), design, contract works and project insurance.
Contract works insurance
Contractors ‘All Risks’ insurance provides insurance against damage to the works under construction. Historically fire damage and other major losses presented the most concern for insurers. However, water damage losses in construction projects are on the increase and now account for 38% of claims by value & 60% by number. The average water damage claim is £111,000 according to one London market insurer.
Improved risk management could prevent water damage: there are concerns that the availability of insurance is reducing adherence to good practice and risk mitigation.
This webinar will cover the challenges and solutions around all risk cover for water damage caused during contracts works, with tangible examples of impact. The focus will be on what good practice looks like in terms of risk management from design to preventative measures on site, and it will feature client, contractor, designer, insurer, broker and manufacturer perspectives.
Why attend
• Understand how all risk policies are being developed and share good practice where
clear guidelines have yet to emerge
• Enhance knowledge and understanding of how the construction sector operates to
control water damage risk
• Discover good practice to mitigate against water damage including risk assessment
and management
• Learn how this new community of practice delivers benefits to its members and
supports practitioners with their CPD programmes
Who should attend
• Insurance sector practitioners: risk engineers, underwriters and brokers
• Construction sector practitioners: insurance buyers, quality assurance managers,
project managers, financial and legal experts, asset owners and
operators, T1/T2 contractors, designers and suppliers
• Procurement specialists
• Regulators
• Research community
• Trade associations
When
Thursday 17 June 2021
10:30 - 12:30
Programme
10:30 Welcome and introduction
Dirk Vennix, Chief Executive, CIRIA
10:35 CIRIA’s new Community of Practice: Managing Construction Risk
Dirk Vennix, Chief Executive, CIRIA
10:40 Introduction to all risk, contract works and water damage
Keith Bishop, Group Insurance Manager, Laing O’Rourke
Rona Hogan, Insurance Manager, Laing O’Rourke
11:00 Stakeholder perspectives
Client perspective: Veronica Flint Williams, Contract and Risk
Manager, Environment Agency
Manufacturer perspective: Stephen Redmond, Managing Director,
Redmond Group
Legal perspective: Amy Lacey, Partner, Fenchurch Law
11:20 Good practice in all risk policies
Underwriter perspective: Andy Kane, Portfolio Manager Construction
QBE European Operations
Broker perspective: Craig Charles, Senior Vice President Construction
Infrastructure, Client Executive, Marsh
11:50 Interactive discussion and Q&A with the audience, speakers and panel of
experts
Veronica Flint Williams, Contract and Risk Manager, Environment Agency
Yohan De Silva, Senior Assessor (Utilities), Inspections Services, Lloyd's Register
Dr Adrian Wright, Specialist Consultant Materials Failure Investigation,
Corrosion Production & Integrity Assurance, Intertek
12:25 Closing remarks
Fees
Community of Practice: Founding members*
(Environment Agency, Fenchurch Law, Fugro, Jacobs, Laing O'Rourke
and Landsec)
|
Free to attend
|
CIRIA members**
|
£30 + VAT
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Non-members**
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£35 + VAT
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* Please complete and return the booking form to Sarah Macpherson to register.
** Please register online.
Booking
Please sign in or create an account to register online for this event.
If you are experiencing issues registering online, please complete and return the booking form to Sarah Macpherson
Alternatively please contact us on 020 7549 3300 or email [email protected]
Joining instructions will be sent 10 days before the event. The link to attend the webinar is strictly personal and should not be shared.
Terms and Conditions
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Further information
For further information on CIRIA membership and other services, please contact:
Email: [email protected]
Web: www.ciria.org