Insurance terminology - Revision history

Designing Buildings at 07:34, 22 February 2021

2021-02-22T07:34:34Z

← Older revision		Revision as of 07:34, 22 February 2021
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	* Terrorism insurance		* Terrorism insurance

−	[[Category:Construction_management]] [[Category:Cost_/_business_planning]]	+	[[Category:DCN_Collection]] [[Category:DCN_Definition]] [[Category:Construction_management]] [[Category:Cost_/_business_planning]]

Designing Buildings at 14:30, 17 August 2019

2019-08-17T14:30:26Z

← Older revision		Revision as of 14:30, 17 August 2019
Line 16:		Line 16:
	See also:		See also:

−	Building Users' Insurance Against Latent Defects.	+	* Building Users' Insurance Against Latent Defects.
−		+	* Collateral warranties.
−	Collateral warranties.	+	* Contract works insurance.
−		+	* Contractors' all-risk insurance.
−	Contract works insurance.	+	* Directors and officers insurance
−		+	* Employer's liability insurance.
−	Contractors' all-risk insurance.	+	* Excepted risk.
−		+	* Flood insurance.
−	Directors and officers insurance	+	* Indemnity to principals.
−		+	* Integrated project insurance.
−	Employer's liability insurance.	+	* JCT Clause 6.5.1 Insurance.
−		+	* Joint names policy.
−	Excepted risk.	+	* Latent defects insurance
−		+	* Legal expenses insurance
−	Flood insurance.	+	* Legal indemnity insurance.
−		+	* Non-negligent liability insurance.
−	Indemnity to principals.	+	* Office combined/contents/buildings insurance
−		+	* Performance bond
−	Integrated project insurance.	+	* Professional Indemnity Insurance.
−		+	* Public liability insurance.
−	JCT Clause 6.5.1 Insurance.	+	* Residual value insurance.
−		+	* Reverse premium.
−	Joint names policy.	+	* Specified perils.
−		+	* Subcontractor default insurance (SDI).
−	Latent defects insurance	+	* Terrorism insurance
−		+
−	Legal expenses insurance	+
−		+
−	Legal indemnity insurance.	+
−		+
−	Non-negligent liability insurance.	+
−		+
−	Office combined/contents/buildings insurance	+
−		+
−	Performance bond	+
−		+
−	Professional Indemnity Insurance.	+
−		+
−	Public liability insurance.	+
−		+
−	Residual value insurance.	+
−		+
−	Reverse premium.	+
−		+
−	Specified perils.	+
−		+
−	Subcontractor default insurance (SDI).	+
−		+
−	Terrorism insurance	+

	[[Category:Construction_management]] [[Category:Cost_/_business_planning]]		[[Category:Construction_management]] [[Category:Cost_/_business_planning]]

Designing Buildings at 14:30, 17 August 2019

2019-08-17T14:30:07Z

← Older revision		Revision as of 14:30, 17 August 2019
Line 1:		Line 1:
−	= Commonly used insurance terms =	+	Commonly used insurance terms include:

	* Party: an individual or company.		* Party: an individual or company.
Line 9:		Line 9:
	* Period of insurance: the period of time over which the insurance policy provides cover.		* Period of insurance: the period of time over which the insurance policy provides cover.
	* Premium: the amount payable (usually on an annual basis) for the benefit of insurance cover.		* Premium: the amount payable (usually on an annual basis) for the benefit of insurance cover.
−	* Liability: subject to a legal obligation eg public liability; held liable for injuries to or losses suffered by others
	* Excess: the amount of any loss that the insured must pay before receiving any benefits under the insurance policy. If a policy has an excess of £200 and the insured claims £500 for a loss suffered, the insured party must pay the first £200 of the loss and so will ultimately receive £300.		* Excess: the amount of any loss that the insured must pay before receiving any benefits under the insurance policy. If a policy has an excess of £200 and the insured claims £500 for a loss suffered, the insured party must pay the first £200 of the loss and so will ultimately receive £300.
	* Indemnity: security against hurt, loss or damage.		* Indemnity: security against hurt, loss or damage.
Line 15:		Line 14:
	* Primary layer/excess layer: the cover provided by a particular policy when arranged in layers. Once the primary layer is consumed, the next layer is triggered…and so on.		* Primary layer/excess layer: the cover provided by a particular policy when arranged in layers. Once the primary layer is consumed, the next layer is triggered…and so on.

−	~~= Related articles on Designing Buildings Wiki =~~	+	See also:

−	* 3D animation for insurance risk analysis.	+	Building Users' Insurance Against Latent Defects.
−	* Building Users' Insurance Against Latent Defects.	+
−	* Collateral warranties.	+	Collateral warranties.
−	* Contractors' all-risk insurance.	+
−	* Contract works insurance.	+	Contract works insurance.
−	* Decennial liability.	+
−	* Design liability.	+	Contractors' all-risk insurance.
−	* Directors and officers insurance.	+
−	* Employer's liability insurance.	+	Directors and officers insurance
−	* Excepted risk.	+
−	* Flood insurance.	+	Employer's liability insurance.
−	* Future of construction insurance.	+
−	* Indemnity to principals.	+	Excepted risk.
−	* Integrated project insurance.	+
−	* JCT Clause 6.5.1 Insurance.	+	Flood insurance.
−	* Joint names policy.	+
−	* Latent defects insurance.	+	Indemnity to principals.
−	* Legal ~~indemnities.~~	+
−	* Legal indemnity insurance.	+	Integrated project insurance.
−	* Non-negligent liability insurance.	+
−	* Performance bond.	+	JCT Clause 6.5.1 Insurance.
−	* Professional Indemnity Insurance.	+
−	* Public liability insurance.	+	Joint names policy.
−	* Residual value insurance.	+
−	* Reverse premium.	+	Latent defects insurance
−	* Specified perils.	+
−	* Subcontractor default insurance (SDI).	+	Legal expenses insurance
−	* Warranty.	+
		+	Legal indemnity insurance.
		+
		+	Non-negligent liability insurance.
		+
		+	Office combined/contents/buildings insurance
		+
		+	Performance bond
		+
		+	Professional Indemnity Insurance.
		+
		+	Public liability insurance.
		+
		+	Residual value insurance.
		+
		+	Reverse premium.
		+
		+	Specified perils.
		+
		+	Subcontractor default insurance (SDI).
		+
		+	Terrorism insurance

	[[Category:Construction_management]] [[Category:Cost_/_business_planning]]		[[Category:Construction_management]] [[Category:Cost_/_business_planning]]

Editor: Created page with "= Commonly used insurance terms = * Party: an individual or company. * Third party: an individual or company that does not have a direct connection with an insurance policy but ..."

2019-08-06T18:07:29Z

Created page with "= Commonly used insurance terms = * Party: an individual or company. * Third party: an individual or company that does not have a direct connection with an insurance policy but ..."

New page

= Commonly used insurance terms =

* Party: an individual or company.
* Third party: an individual or company that does not have a direct connection with an insurance policy but may be affected by it.
* Insurer: The company providing the insurance cover in the form of a policy.
* Insured: the beneficiary of any financial recompense or benefit that may be paid out under the terms of the insurance policy. The insured is usually liable to pay the insurance premium at the start of the policy and at renewal – if renewal is applicable.
* Policy: the set of clauses which taken together constitute the insurance cover and includes the duration of cover and the terms and conditions as applied to the project.
* Cover: the items, situations and events that the policy provides insurance for e.g cover against theft and damage.
* Period of insurance: the period of time over which the insurance policy provides cover.
* Premium: the amount payable (usually on an annual basis) for the benefit of insurance cover.
* Liability: subject to a legal obligation eg public liability; held liable for injuries to or losses suffered by others
* Excess: the amount of any loss that the insured must pay before receiving any benefits under the insurance policy. If a policy has an excess of £200 and the insured claims £500 for a loss suffered, the insured party must pay the first £200 of the loss and so will ultimately receive £300.
* Indemnity: security against hurt, loss or damage.
* Policy limit: the total amount the insurer has to pay under a policy.
* Primary layer/excess layer: the cover provided by a particular policy when arranged in layers. Once the primary layer is consumed, the next layer is triggered…and so on.

= Related articles on Designing Buildings Wiki =

* 3D animation for insurance risk analysis.
* Building Users' Insurance Against Latent Defects.
* Collateral warranties.
* Contractors' all-risk insurance.
* Contract works insurance.
* Decennial liability.
* Design liability.
* Directors and officers insurance.
* Employer's liability insurance.
* Excepted risk.
* Flood insurance.
* Future of construction insurance.
* Indemnity to principals.
* Integrated project insurance.
* JCT Clause 6.5.1 Insurance.
* Joint names policy.
* Latent defects insurance.
* Legal indemnities.
* Legal indemnity insurance.
* Non-negligent liability insurance.
* Performance bond.
* Professional Indemnity Insurance.
* Public liability insurance.
* Residual value insurance.
* Reverse premium.
* Specified perils.
* Subcontractor default insurance (SDI).
* Warranty.

[[Category:Construction_management]] [[Category:Cost_/_business_planning]]