Insurance Law Essentials for Construction Industry

21 April 2023 (Fri)

Time
0930 –1700

Fee
HK$1,500

Venue
Admiralty/ Wanchai

Language
Cantonese supplemented with English materials

Knowledge of insurance law is essential for everyone in the construction industry. As a matter of fact, risk can be well-managed by using insurance effectively in different situations. For example, the Employer can insure against third-party risk by adopting Contractors All Risk Insurance and protect against the default of the Contractor by using Surety Bonds. Individual professionals can protect themselves by taking out Professional Indemnity Insurance (PII) or Directors’ Liability Insurance. Instead of copying standard policy wordings from insurance contracts, one has to understand the interpretations of various clauses and the general principles of insurance law so as to avoid legal pitfall. Through this course, participants are expected to acquire essential knowledge in insurance law so that risks can be well-managed and controlled.

Content

  • General insurance principles
  • Utmost good faith
  • Subrogation
  • Reinsurance
  • Composite policies, warranties, terms and conditions
  • Claims – notice and procedures
  • The role of insurance brokers
  • Project and Contractors’ All Risks Insurance Policy (CAR)
  • Personal injury on site
  • Employees’ compensation policy
  • Professional liability in Tort
  • Vicarious liability
  • Professional Indemnity Insurance (PII)
  • Surety Bond – Default bond and unconditional bond
  • Product Liability Insurance Policy
  • Directors’ and Officers’ Insurance
  • Exemption and limitation clauses
  • Disputes between the insured and the insurance company

Trainer

Mr. Harrison CHEUNG
Barrister-at-Law, Chartered Engineer
Arbitrator, HKIAC Mediator and Dispute Resolution Advisor

Harrison is a practicing barrister, a member of the Hong Kong Institution of Engineers and a fellow member of the Chartered Institute of Arbitrators. He is also an HKIAC accredited mediator and is on the Panel List of Mediators and Arbitrators of the Hong Kong Bar Association.

Harrison is a seasoned speaker who has been co-operating with local universities (HKU, PolyU, CityU SCOPE, etc.) in recent years and teaching courses of various legal topics. With more than 20 years experience in the construction industry, Harrison is dedicated to designing and teaching courses tailor-made to the construction industry for both in-house training and public courses, feedback is very positive from participants. Since July 2012, there are more than 5,000 participants who joined the courses, who are management staffs, government officials and professionals from different disciplines.