SYNOPSIS   

Overview: A very pertinent issue during this period. Heavy rain and flood occurrences all over Malaysia affecting project sites and construction risks. There are also other environmental related issues like pollution and contamination aspects to consider.

Project sites have been hit by such flood occurrences and other effects. How the C.A.R insurance cover for such effects? An interesting presentation for IEM by a Regional Risk Consultant based in Singapore.

Key take-aways:

•   Flood is one of the perils covered under the C.A.R policy – it is an ALL RISK cover.
    (but has limitations)
•   There are a few clauses that may restrict coverage to flood damage incidents.
•   Plant and machinery are normally insured under separate insurance coverage.
•   Project delays or work disruption arising out of flood / environmental scenarios are NOT covered.
•   Pollution related clauses require better attention by product buyers.

These and many more interesting details will be deliberated by our guest speaker who is also a regular trainer with the Institute of Engineers Singapore (IES), BCA Academy, Singapore College of Insurance(SCI), Asian Insurance Institute (Aii), The Insurance Institute of Asia Pacific(IIAP), Thailand Insurance Institute (TII) & the Chartered Insurance Institute – Hong Kong (CII- HK).


BIODATA OF SPEAKER

Ir. Pooba Mahalingam

Pooba is a Regional Risk Consultant based in Singapore with three decades of practical experience in risk/ insurance. Pooba is a professional engineer and operates under “Talent Asia Training & Consulting” of Singapore. He is specialized in the insurance space with special focus on engineering/ property insurance and risk management aspects. Pooba is a regular lecturer with the Singapore College of Insurance (SCI) and the Asian Insurance Institute (Aii). He is also the Author of a Aii publication entitled, “Engineering Insurance.” Besides training, Pooba also undertakes property risk surveys and provides consultancy services to various clients in Singapore and in the following regions: Asia, Middle East & Africa.