A Focus On Construction Business Interruption & Project Delay Insurance

Programme Highlights

This 2-day program explores technical issues related to project delays and construction business interruption insurance, covering engineering challenges and external factors. It discusses risk transfer mechanisms and insurance policies like ALOP/DSU, using relevant case studies. The program focuses on large-scale projects such as power plants, MRT/LRT systems, and toll highways, where insurance is often required by bankers or financiers. It also highlights the importance of loss control and progress monitoring surveys for underwriting. Led by a seasoned expert with over 30 years in risk engineering and project insurance, this interactive session offers valuable insights for professionals in the field.

14 CPD Hours
Mode: Face-to-Face Training
Dates: 2 & 3 June 2025
Time: 9.00 a.m. to 5.00 p.m.

For Whom

  • Insurance practitioners with more than 3 years of experience in handling property and/or construction related insurance.
  • Brokers and agents wishing to enhance their knowledge in this specialised subject area.

Key Learning Objectives

At the end of the programme, participants should be able to:

  • Appreciate technical issues relating to project delays and construction schedule interruption.
  • Understand the various external factors that may lead to such delays (including extreme weather issues)
  • Understand methods to minimise such issues and overcome them.
  • Know the application of the CAR policy and the triggering of its Section III ( ALOP) cover.
  • Describe the application of time excess under Section III in tandem with a valid Material Damage loss to be considered.

Programme Outline

  • Typical Construction Projects – Planning & Phasing Of Work.
  • Master Work Program.
  • Budgeting & Monthly Progress Claims.
  • Physical and Financial Progress Reports.
  • Retention Sum and Its Release after Defects Liability Period(DLP).
  • Project Delay Issues.
  • External Factors – Suppliers, Consultants, Designers & Authorities.
  • Consideration and Techniques on How To Minimize Project Delays.
  • Conducting Loss Control and Project Monitoring Surveys.
  • The application of the CAR policy and the triggering of its Section III ( ALOP) cover.
  • Case Studies And Discussions.

Programme Leader

Pooba Mahalingam - Regional Risk Consultantis based in Singapore with three decades of practical experience in risk/insurance. Pooba is a professional engineer and operates under “Talent AsiaTraining & Consulting” of Singapore. He is specialized in the insurance spacewith special focus on property/ engineering/ construction insurance and riskmanagement aspects.  Pooba has provided Expert Evidence in a fewtechnical disputes in Singapore, Malaysia, Brunei and Sri Lanka. He served asthe President of the Insurance Law Association of Singapore (ILAS) for threeterms. 

Pooba is a regular lecturer with the SingaporeCollege of Insurance (SCI),  the Malaysian Insurance Institute (MII), TheInsurance Institute of Asia Pacific (IIAP) based in Philipines and Thailand Insurance Institute (TII).  He is also the Author of a MIIpublication entitled, “EngineeringInsurance.”  Besides training, Pooba also undertakesproperty risk surveys and provides consultancy services to various clients(reinsurers, insurers and brokers) in Singapore, Kuala Lumpur and in thefollowing regions: Asia, Middle East & Africa.

Programme Fee

Full Course Fee: S$827.31 (incl. of 9% GST)

Net Course Fee: S$599.61 (incl. of 9% GST and after 30% FTS funding) for Singapore Citizens below 40 years old and Singapore Permanent Residents

Net Course Fee: S$327.31 (incl. of 9% GST and after 70% FTS funding) for Singapore Citizens aged 40 years old and above

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Last Updated Date:
17/3/25

A Focus On Construction Business Interruption & Project Delay Insurance

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