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An Introduction to Insurance and Bonds (Part 1) General Principles and Types of Insurance
An Introduction to Insurance and Bonds (Part 1) General Principles and Types of Insurance
Level
Advanced
Duration
30 minutes
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The aim of this course is to discuss briefly the legal principles on which insurance is based and the main types of construction insurance policy, illustrated by clauses from JCT SBC 16. We also consider professional indemnity insurance and the use of bonds or guarantees as a means of protection against contractual failure.
Accreditations & CPD
Accreditations & CPD
Suitable for CPD requirements of RICS, CIOB, ICE, and CICES members.
Learning Outcomes
Learning Outcomes
After studying this course, you should be able to:-
• Discuss the legal principles on which insurance is based and the main types of construction insurance policy
• Explain the different types of insurance and the implications on both liability and loss insurance
