A Technical Comparison Between the C.A.R and Professional Indemnity (P. I.) Insurance Coverage For Project Risk

9:00 AM – 5:00 PM | 23 & 24 May 2024 | 14 CPD Hours

Registration Deadline: 17 May 2024

Overview

Project risks and insurance aspects continue to be of interest to the insurance industry. There are many stakeholders involved in a project – Developer, Main Contractor, Consultant, Sub Contractors, Suppliers etc. Each party has a role to play to complete the project. Different policies are procured by the parties and they are often misunderstanding in terms of coverage and respective policy applications.

The two day course will focus on the differences between two main policies namely – the Contractors All Risks (CAR) policy and the Professional Indemnity(PI).

Application of a few key clauses and endorsements will also be explored during this inter-active knowledge sharing session. A site visit to a Consulting Engineers office is arranged to enable the participants to appreciate better the work undertaken by Design Consultants.

Recommended For

  • New entrants to the industry
  • New entrants to Insurance Service Providers (Brokers, Adjusters and Third Party Administrator)
  • Non-Insurance personnel or any individuals requiring basic knowledge of insurance.

Learning Format

  • In-Person Training

Learning Outcome

  • Identify the role and expectation of an Insurer when dealing with third party exposure
  • Compare and contrast the types of third party losses that can occur on site
  • Highlight the main policy condition and operative clause applicable to Section II of the CAR policy
  • Appreciate contractors constraints and the role of various stakeholders on site when dealing with third party exposures
  • Understand the steps involved in application of Section II of the policy using case studies that will enhance the learning process

A Technical Comparison Between the C.A.R and Professional Indemnity (P. I.) Insurance Coverage For Project Risk

Programme Structure
Intake
Fees
Meet The Expert
Additional Information

For Inquiries

Sales

+603 2712 8882

Programme Structure

Day 1: 

What do underwriters look for when evaluating a construction risk?
Why is the limit value under the PI policy lower than the Sum Insured of the CAR cover?
Should both the policies be triggered in case of an incident at site?
Is a Design related loss covered in a Design and Build contract insurance program?
What if the PI claim is reported AFTER the rectification is carried out?

 

Day 2: Site Visit to project site

Intake

Fees

Early Bird (Member)

Single: RM 1,650 / USD380

Register before 9 May 2024

Early Bird (Non-Member)

Single: RM 1,750 / USD402

Register before 9 May 2024

Normal Fee (Member)

Single: RM 1,750 | USD402

Group of 3: RM 1,600 | USD368

Normal Fee (Non-Member)

Single: RM 1,850 | USD425

Group of 3: RM 1,700 | USD390

*Fees inclusive of 8% SST (Malaysia Sales and Service Tax)

Meet The Expert

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.

Additional Information

REGISTRATION POLICY

  • Registration can be done via online at www.mii4u.org/ilms/user/login
  • As the maximum intake is limited to 25 pax per course, registration will be based on first come first basis.
  • MII practices a ‘no-credit’ policy. As such, all companies and individuals are required to make payment before the commencement of the course.
  • MII reserves the right to reschedule, change the trainer, modify the course content or cancel the course due to unforeseen circumstances without prior notice.
  • Contact person or participants will be notified through the email or phone on the status of the programme
  • Any Cancellation after the closing date is not allowed.

Important Notice
In regards to Personal Data Protection Act 2010 (“the Act”), pleased note that your personal data is used, stored, disclosed and processed by MII solely for the Purpose of registering training courses and/or in connection to other MII products or services. Your personal information may also be disclosed or transferred to relevant third party i.e to the industry related associations, industry related companies, government agencies and any of their respective agents. Any inquiries or complaints with respect to your personal information may also be channeled to MII bysubmitting such request to MII via post, email (customercare@mii.org.my).