| CODE | INS4180 | ||||||||
| TITLE | Construction and Engineering Liability Insurance | ||||||||
| UM LEVEL | 04 - Years 4, 5 in Modular UG or PG Cert Course | ||||||||
| MQF LEVEL | 6 | ||||||||
| ECTS CREDITS | 4 | ||||||||
| DEPARTMENT | Insurance and Risk Management | ||||||||
| DESCRIPTION | Construction Insurance This study-unit should describes the general risks associated with construction and the general aspects of construction methods, processes and health and safety regimes, It goes into Risk management, underwriting, risk surveys ,JCT clauses and legal requirements and obligations of contractors. Moreover. it delves into contractors’ All risk Insurance policy cover, terms and conditions and Business Interruption. Engineering Insurance This section goes into engineering risks and type of plant and equipment falling under Inspected classes. It also delves into risk management, risk assessment and underwriting Engineering risks for inspected classes, risk management, risk assessment and underwriting Engineering risks for non-inspected classes and Policy cover, terms and conditions under an Engineering policy. Moreover, it looks into deterioration of stock. Study-unit Aims: The aim of this study-unit is to provide the student with knowledge of the principles, policies and practices related to construction and engineering insurance and how this type of insurance product is considered by insurers from the underwriting and claims perspective. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - Understand the principles, policies and practices related to construction and engineering insurance and how this type of insurance product is considered by insurers from the underwriting and claims perspective; - Understand the importance of risk management in these risks and how in practice this is being handled; - Understand the coverage provided by the different policies and practices associated with each of these policies. 2. Skills: By the end of the study-unit the student will be able to identify, assess, underwrite risks related to this class of insurance as well as deal and settle corresponding claims. Moreover, practical experience will be added to this knowledge which, would enable the student to work in this area. Main Text/s and any supplementary readings: - CII – Commercial property Insurance – 750. - Introduction to Contractors’ All risks insurance – Frank Eaglestone; Croner Publications 1990. - Construction Insurance – John D Wright; Whiterby, 1991. - Construction Insurance – Management and claims by RJ Hickson; EFN SPON 1987. - Machinery Loss Prevention – A handbook for engineers; Munich Re. - Munich Re Engineering manuals and policy wording. - Schaden Spiegel publications; Munich Re. |
||||||||
| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||||
| METHOD OF ASSESSMENT |
|
||||||||
| LECTURER/S | Joe Avellino Andre Farrugia (Co-ord.) Ramon Mizzi |
||||||||
|
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
|||||||||