October 2014
Intermediate to advanced
584 pages
22h 2m
English
Content preview from Pricing in General Insurance
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32 Pricing in General Insurance
(the amount at stake therefore increases as the project progresses). This
may also include temporary constructions such as huts that are built to
help with the main project.
• The liability element covers the legal liability to third parties during
construction (public and employers’ liability) and after construction for
any bodily injury/damage property of third parties caused by faults in
the design or realisation of the project.
Engineering all risks covers against the breakdown, malfunction of and
damage to machinery, normally because of internal causes, such as the
failure of a component, but can be extended to include such things as
damage to surrounding property, operator error and collision.
The policy ...
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