Summary |
The major aim of this book is to supply the insurance official, engineer, employer, contractor and, dare we say it, the lawyer with an analysis of the clauses which directly and indirectly concern the insurance industry. Furthermore, it is intended to give details of those insurance policies and bands which are involved in providing the protection required by the clauses just mentioned. At the ends of the chapters concerning the main insurance policies, the subcontract for use with the ICE Conditions and the FIDIC Contract we have endeavored to indicate where the basis insurance policy cover, required by the contracts concerned, does not protect the contractor (subcontractor where involved) and the employer, or even falls short of the insurance requirements of those contracts, each of these parties being considered separately. In this connection the insurance cover considered is the normal cover provided in each case by the basic policy and not the special cover an insurance broker may be able to obtain for a particular client or for one particular contract. Moreover, this book does not attempt to explain any particular wordings which brokers specializing in the construction industry may persuade an insurer to give for their construction clients.
While in the main this book concerns insurance practice in the United Kingdom and deals with English law, the chapter on the International Civil Engineering Contract (FIDIC) compares that contract with the ICE Conditions, illustrates case of forces of nature and, as mentioned earlier, indicates the risks remaining uninsured.
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