Now you can download Project Commercial Management Procedure for Insurance, including the necessary formats. The documents are editable with full access for making any changes as per your company and projects.
This procedure will help you to ensure that:
All aspects of project insurances are appropriately arranged and administered to protect the Company’s best interests and to meet acceptable risk profile including (but not limited to) Construction All Risk (CAR), Third Party Public Liability (TPL), Professional Indemnity (PI) and Difference In Conditions (DIC) policies where appropriate.
Subcontractors, major suppliers and consultants hold appropriate insurance cover, in relation to all project insurance matters, including motor vehicles, plant and contractor’s equipment, off-site third party liability and workers compensation.
Interfaces with Insurance Brokers, Insurers, Loss Adjusters and Client Representatives are appropriately managed in respect of all insurance matters.
All insurance claims are adequately recorded, reported and notified in a timely, complete and comprehensive manner and that records are kept to support claims in order to obtain appropriate recompense within an acceptable time frame.
Below is list of documents that you shall get.
- F-01 Advanced Payment Guarantee – Employers
- F-02 Schedule of Supplementary Information – General
- F-03 Supplementary Information Questionnaire – Wet Works
- Sample Project Insurance Register