Insurance and JCT contracts: Your Questions Answered

Blog Author: Douglas Brown – Renovation Underwriting Douglas Brown, Managing Director of specialist renovation policy provider Renovation Underwriting, shares his views and insights on JCT contracts and renovation insurance more widely. It might be a surprise to know that most home renovators, and many home insurance brokers, have no knowledge of JCT contracts. In most cases, it is only when a homeowner needs to arrange the insurance for their home undergoing work that they uncover just exactly what is involved. Very few even notify their…

Insurance and JCT Contracts

Blog Author: Dave Cahill – Senior Partner, Divisional Business Development Leader, JLT Speciality Limited Introduction The construction industry has returned to the headlines recently with the fires at the Glasgow School of Art and the London Mandarin Oriental Hotel. These incidents occurred either during or immediately after refurbishment works. Thankfully the losses were restricted to property damage and disruption with no loss of life. Nonetheless these events do serve as a powerful reminder of the different risks presented when working in existing structures. The JCT suite…

Joint Names Clauses Create Own Problems

Blog Author: John D Wright  – JD Risk Associates Summary Standard contract forms such as JCT have a long history of words and phrases being adjusted to meet the evolving demands of business and to develop more compatibility with associated businesses such as insurance. The latest adjustments under JCT 2016 provide further clarity but the fundamental question of who bears the risks in any given situation continues to exercise the minds of all who advise on such contracts. JCT 2016: the final touches? The move…

MW 2016 Insurance: Not Sure How to Complete Clause 5.4C Particulars?

Possible solutions for you to consider: The following is an extract from ‘Insurance under the Minor Works Building Contract 2016’. This extract outlines possible solutions where clause 5.4C is to operate i.e. those circumstances where clauses 5.4A and 5.4B are not appropriate. The full text is available at https://corporate.jctltd.co.uk/insurance-under-the-minor-works-buildingcontract-2016/. Clause 5.4C is to apply where clause 5.4A does not apply and clause 5.4B cannot apply because the relevant insurance is not available. As a consequence one has to make other arrangements and which clause 5.4C…

Insurance under the Minor Works Building Contract 2016

Introduction Carrying out building works regardless of their size and scope involves risks not only for the builder but the employer. The principal purpose of the building contract is to allocate those risks. That is done by way of the contract terms including the provision of indemnities and requirement for insurances. This note deals with the Minor Works Building Contract 2016 (MW) and Minor Works Building Contract 2016 with contractor’s design 2016 (MWD). It looks first at the insurance provisions dealing with the Works including…

JCT Minor Works 2016: insurance provisions

Our latest JCT 2016 Edition blog looks at the insurance provisions in the Minor Works Building Contract… The JCT Minor Works Building Contract (Minor Works) is designed for smaller, basic construction projects where the work is of a simple nature. Accordingly, the insurance provisions are shorter and simpler than those in contracts such as the JCT Design and Build Contract. However, it is still very important to carefully consider the insurance provisions contained in Section 5 of the contract and ensure that they meet the…