Project Insurance

Prepare, manage and place insurance quotations and coverage’s required for construction / erection projects on a timely basis.
Manage data to appropriately track and report to insurance carriers.
Work with Costing, Subcontracting and Trade/Accounting on project issues.
Maintain on-going contact with inhouse technical or project departments to discuss any new insurance procedures, answer ongoing issues relating to project insurance, and provide assistance whenever necessary.
In conjunction with the Director, communicate regularly and effectively with Estimators, Project Managers, Supervisors, and other people necessary to manage the insurance program.
Interpret, create and alter contract language regarding insurance requirements, indemnity provisions, waivers of subrogation etc., associated with leases, construction agreements, and other relevant legal contracts, in conjunction with your legal department.
Financial Responsibility - Review insurance/broker invoices. Investigate inconsistencies and high values for appropriateness.
Ensure projects are charged for insurance as per quotation/ agreement.
Ensure that clauses which enhance bankability of a project and enhance financial security of potential investors / financiers are incorporated into the policy.

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