Contractor to insure Joint Names policy required Option A. 16032017 Section 5 provides for three types of insurance.
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The following options are available to choose from in the contract.
Jct insurance options. JCT stands for Joint Contracts Tribunal and a JCT Contract ensures that the responsibilities and liabilities of each of the parties involved in a building project are clearly laid out. However the 2016 JCT forms. 09112018 What is JCT Insurance.
Either the contractor or the employer takes responsibility for insuring the works. There are five main types of insurance that may be required. It is designed to protect the client developers and contractors when an insurance claim arises that is not as a result of negligence.
Different project types have been catered for over the years by three alternative insurance options in JCT contracts. Option A which is where the Contractor takes out and maintains joint names all risks insurance of the works Option B which is where the Employer takes out and maintains the joint names all risks insurance of the works. 18022013 A tenant looking at the JCT contract will quickly decide that Option C is the right one for their fit-out project as it applies to works being carried out within an existing structure.
Employer to insure Joint Names policy required Option B. The first and second deal with insurance of the works for new build projects and are quite straightforward. Public liability insurance employers liability insurance and insurance of the Works and potentially of existing structures.
Some of the JCT insurance options we offer are JCT Design and Build Contract 2011 JCT DB11 JCT Minor Works Building Contract with Contractors Design 2011 JCT MWD11 or the relevant clause to your project does not appear here we can still help you please call 01825 745 410. 12032018 By way of a reminder the JCT contracts have three ways of taking out appropriate insurances in relation to a development. Public liability insurance covers the contractors liability arising from death or personal injury to third parties and their liability for damage to property.
From one-off builds through conversions extensions and rebuilds to simple new home grand designs or major building projects JCT Insurance Expert can help you find the best value insurance cover. Contractor to insure Joint Names policy required Option A. Option C is used in the case of alterations of or extensions to existing structures and this provides for the developer of a project to insure both the works and existing structures to the works do not apply.
The most important changes relate to Option C one of the insurance options in the JCT contracts. Option A requires the Contractor to take out and maintain all risks insurance of the works. 21052020 Selecting the right JCT Insurance option There are three different insurance options for Joint Contracts Tribunal Insurance.
Options A and B are for new buildings and Option C is for works involving existing structures. NB The insurance terms of JCT 2016 are found in Clause 6 and Schedule 3. 08062021 The standard JCT Insurance Option C requires the Employer to maintain a joint names policy for existing structures but where the Employer is a tenant of a multiple occupancy building it is usually the landlord which insures the existing structures with the premium being recovered from the tenants of the building through the service charge.
JCT Intermediate JCT Standard Option 54A. The other two options A and B apply to new buildings so. 18022013 A tenant looking at the JCT contract will quickly decide that Option C is the right one for their fit-out project as it applies to works being carried out within an existing structure.
These clauses require the contractor to take out and maintain a policy. Option B requires the Employer to take out and maintain all risks insurance of the works. 06022019 JCTs Standard Solutions.
Employer to insure Joint Names policy required Option B. For the JCT Standard Building Contact the options are defined as. Contractor to insure Joint Names policy required Option 54 B.
There are three insurance options. Option A Requires the contractor to take out and maintain joint names all risks insurance of the works. Employers liability insurance which protects against Employers liability for injury of employees arising in connection with their employment clauses 61 64 JCT 2016.
Option A insurance is used in instances where a new building is to be constructed and where the contractor. Whether you are a builder architect project manager engineer or individual organising a self-build project JCT Insurance Expert has the right insurance cover for your build.
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