Project Insurance Policies (Complete Webinar)

[@jayashreekundar1939]

Thank you sir for sharing this in you tube , it always help us in our normal course of work .

[@TenderingWorks]

I am Er. Keshab Raj Acharya from Nepal. Your presentation is so impressive and useful. Thank you so much.

[@rekhamathur3838]

Practical explanations with instances are superb. Thanks sir. Rekha Mathur United India Insurance

[@VPinsupedia]

Have you joined my fire engineering WhatsApp group

[@siddharathasaurabh6231]

Sir.. Siddharatha here from The New India Assurance Company Ltd thanks a lot for your efforts ... its of great help. i was fortunate to have attended one of your training session at NIA PUNE.

[@premlaldungyel1879]

Useful, I am from Bhutan

[@Sandy-du1ud]

Thanks so much for sharing videos

[@melvinlourdes151]

amazing ..treasure pot

[@ganapathikamath-rq9xn]

Sir, really excellent....

[@VPinsupedia]

So nice of you

[@mihirvora9847]

A good session sir.

[@ananthkumar1971]

Very nice class

[@khushboobalani5753]

Dear sir, Your video's are very helpful in learning.we request you to please make video on new fire products which has been introduced on 1st April 2021. Thanks.

[@VPinsupedia]

these are simple policies and it is not worth spending time on that because there is no complication at all which is difficult to understand.

[@MrDivakarram]

Great input sir. Thank you 😊👍

[@VPinsupedia]

Glad it was helpful!

[@subhadipchatterjee4]

Sir, please upload the second part of the video also where we can get complete details of add on covers. And thanks a lot for such informative video.

[@VPinsupedia]

I will shortly organise a webinar on Part 2 of project insurance policies where I will be having detailed discussion on add on covers along with other important clauses to be attached to policy

[@abhishekprasad3643]

In case of CAR policy issued to highrise building, whether damage to temporary structure like labour quarters, godown is covered. Pls note that the labour quarters are under use for labourers engaged in construction of the building and separate sum insured was mentioned.

[@VPinsupedia]

Since it was a part of temporary construction it will go out of the coverage of policy once it is put to use

[@sujankhakurel7849]

Respected sir will you please share your knowledge in contractors plant abd machinery policy, and claim Parts,

[@ShobaAj]

@VPinsupedia how're you Sir? Could you please upload a video of Professional indemnity insurance like this? It will be helpful for many. Tonns of thanks

[@VPinsupedia]

that is not my area of expertise

[@ShobaAj]

@@VPinsupedia OK Sir. Again I appreciate all your efforts to teach many amateurs in our industry. Hats off to you sir.

[@bhartikalra1975]

Hello Sir, very informative post. I have one question about escalation add on cover. Tariff says, for calculating under insurance, 50% of the escalation SI is to be considered as a part of the available SI under the policy. Will this 50% escalation SI be considered at any date of loss, be it Ist day of the policy or the last day of the policy or any other date in the middle of the project? Does it not work as escalation provision of fire insurance, where proportionate escalation SI is added with each passing day of the policy, and 100% escalation is added if the loss occurs on the last day of the policy.

[@VPinsupedia]

50% of selected escalation is added to basic sum insured for the purpose of computation of premium but in the event of loss 100% of escalation opted under the policy shall be available at all times of project insurance policy unlike fire insurance policy

[@bhartikalra1975]

Thank you so much Sir

[@nirmalpoudel3989]

Sir I have one question... For multi purpose project , which rate to be charged to the customers? For eg... if the project is working in hydro mechanical ,irrigation etc. Which should be charged ?

[@VPinsupedia]

rate is charged based on this prime activity carried out by the contractor as per the scope of work defined in the contract

[@prasadnbkondamarri5514]

Sir, please explain “ Intermittent testing” clause.

[@VPinsupedia]

please elaborate your question

[@niketdubey1358]

Hello NIAs welcome to revise lecture of engineering insurance 🙃

[@VPinsupedia]

what do you want to say

[@renupant7477]

Sir can u please explain sectional clause road canals under car policy

[@VPinsupedia]

if you look at the open section warranty in my video you will find that the company has restricted payment of loss only to a limited portion of road which is left open by the contractor before occurrence of flood inundation for landslide Rock slide peril. this is needed otherwise contractor would be free tu leave any number of open section thereby increasing insurance liability to a great extent in the event of such losses.

[@kira5006]

1) Sir, i have a doubt. When i was in a surveyor firm, there was a claim of Teyma India Pvt. Ltd. The policy was ERECTION ALL RISK. Erection of 2 MW solar power plant was going on. The solar panels were provided by the principal to the contractor. During the erection due to the storm, the solar panels were damaged and the contractor who has opted the Erection all risk policy is claiming for the damaged solar panels. Now does the contractor have the insurable interest in the solar panels as the solar panels were provided by the principal. 2) In any erection project, if the materials are provided by the principle, then does the contractor have an insurable interest in it?

[@bhartikalra1975]

Material supplied by the principal can be covered as separate item/ separate sum insured under project policies

[@VPinsupedia]

Free material supplied by principal has to be added in policy sum insured while taking project insurance policy by contractor and in this situation all claims related to freely supplied material shall be payable under the policy

[@ms307]

Sir When you will be posting video for Add on covers

[@VPinsupedia]

I have already conducted detailed webinar covering all add-on covers granted under project insurance policies. A copy of presentation is being uploaded on my website vpinsupedia.com

[@CA_Sushil_G]

could I have this PPT presentation soft file.

[@VPinsupedia]

soft file is not shared

[@georgeshinya719]

Hie sharma