Nettet17. mar. 2024 · JCT 21.21 will protect you from having to pay to rectify any damage where no negligence is involved. (Damage which is unforeseen and no one is liable for). JCT 5.4A is for when the property owner and contractor are both named on the insurance policy for a new build project. NettetWhen arriving at a minor works JCT contract you should select insurance clause 5.4b, which is the insurance of existing structures and works by the employer in the joint name of the employer and the contractor. This has two effects: Firstly, it makes sure that the existing structure and contract works are insured against all risks for their ...
Insurance and JCT Contracts – The Joint Contracts Tribunal
Nettet28. jun. 2024 · Apart from the main liability and contract works insurances, the following are important additional covers: Professional indemnity - for all the professional … Nettet12.5 Things that are the liability of the employer 152 12.6 Insurance terms 153 12.7 Insurance of the Works: alternatives 154 12.8 A new building where the contractor is required to insure 155 12.9 A new building where the employer insures 156 12.10 Alterations or extensions to an existing building 157 12.11 Benefits for sub-contractors 158 google hires goats
JCT Insurance - What Is This? - Construction, Builders
NettetThese clauses of the JCT contract require the property owner (employer) to insure both the existing structure and the works in joint names with the contractor. JCT 6.2.4 Insurance JCT 6.5.1 Insurance JCT 19(2)(a) Insurance JCT 21.2.1 Insurance. Forms & Fact Sheets. Property and Contract Works Proposal From JCT Clauses Proposal Form … NettetAn employer must be insured for at least £5 million to cover claims arising out of any one incident. Guide to Employers' Liability Insura nce. Penalties for failing to have … Nettet27. jan. 2024 · Under JCT forms of contract, the contractor’s obligation to carry out the works is automatically suspended. Protect and secure the site. Following the contractor’s insolvency, it is essential that the works are adequately protected and the unfixed goods and materials are retained on site. chicago vs detroit basketball