SYNOPSIS
Contractors All Risks (CAR) Insurance It provides a very wide and comprehensive insurance cover to all parties involved in a project. In respect of any sort of contingency from the moment the material is unloaded at the site of the project and continues during storage, physical erection, commissioning, testing and maintenance.
Scope of Cover
It covers all physical losses or damage as under:- - Fire, lightning, theft and burglary - Impact from falling objects, collision, failure of changes or tackles - Failure of safety devices, leakage of electricity, insulation failure, short circuit, explosion - Carelessness, negligence, fault in erection, strike and riots - Storm, tempest, flood, landslide, rockslide, earthquake
Objective of the Talk
- To understand how the project policy works - To minimise the risks of losses at the project site - To be aware of the claim procedure should a claim materializes
BIODATA OF SPEAKER
Ir. Aldrin Wong - BEng (Hons), LLB (Hons), CLP (Hons), MIEM PEng, FIFAA, ACLA, ANZIIF (Snr Assoc) CIP, Dip FS
Ir. Aldrin is currently the CEO/Managing Director of an international loss adjusting firm based in Kuala Lumpur with six branches located in the Peninsular and East Malaysia. He is a frequent lecturer on the subject of construction and engineering insurance at the Malaysian Institute of Insurance.
Aldrin graduated from the University of Southampton in the UK, majoring in civil engineering and construction. He is a fully qualified Professional Civil Engineer and Chartered Loss Adjuster. With a degree in law and postgraduate certificate in legal practice, he also has the academic qualifications to practise as an advocate and solicitor in Malaysia.
For the last 20 years, Aldrin has successfully resolved large and complex construction, engineering, oil and gas and liability claims.
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