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This Practice Note examines the nature of joint names insurance, the distinction between joint and composite insurance and its impact on construction insurance contracts generally. A common requirement of construction contracts is to execute insurance in joint names.
8 Ιουν 2022 · What is joint names construction insurance? Joint names is an insurance policy extension that accommodates the contractual responsibilities of the employer and the contractor. It applies to both new build and refurbishment or extension contracts where there is a requirement to name parties on a construction insurance policy covering the ...
Joint Names is a term used in construction insurance where the policy accommodates the responsibilities under contract for the employer and the contractor. This extension will apply to both new build and refurbishment/extension contracts where Joint Names will be required for both the contract works and the existing structure.
23 Σεπ 2013 · Joint names construction all-risks insurance is commonplace. Regardless of whether the policy is taken out by the employer or contractor, both are named as insured.
9 Ιαν 2018 · Why "Joint Names" policy is a must for both construction works and liability to third party insurances. Ahmed Elhalouty. BIM 5D| MSc QS, MRICS, CCP, PMP. Published Jan 9, 2018. Generally, in...
While a Joint Assured will be considered a member of the club, a Co-Assured is not – they are merely named as an assured on the insurance policy and entitled to access the cover provided under that.
21 Μαΐ 2020 · The JCT Contracts are standard forms that are written in joint names laying out the responsibilities for both parties (the Contractor and the Employer) within the process of the build and their obligations towards each other.
