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.