By Bryce McLean

Duration: 1:06

This course covers both the theory and practice of Contract Works Insurance and provides a broad but detailed overview of the industry and its component parts, players and products.

Attendees should already have a good working knowledge of a Contract Works policy as well as an understanding of the Construction industry. You will gain a good grounding in how to understand and provide Contract Works Insurance related financial adviser services to clients, and how to select the appropriate Contract Works Insurance products based on the needs of a particular contract. Subjects covered include:

The Contract Works Policy
Scope of cover 
Sub limits 
Extensions 
Exclusions. 
Commencement of cover 
Termination of cover

The Contract and the Insured Parties 
Who is insured, when and why

Sums Insured and Post-Loss Allowances 
What does the policy require 
Contractual requirements

Other Covers 
Principal Supplied Materials

Types of Construction contracts
NZS3910 series

Design Construct contracts
NZS3916

This is a course for: brokers, trainee brokers and assistant brokers
Anyone (and everyone) with an interest in contract works.