Defects exclusions

Duration: 90 minutes 

The world of engineering has always been distinguished by stunning innovation and rapid change.

Developments such as digitalisation, new production/construction methods and the increasing size and complexity of projects bring new risks as well as new business opportunities. To keep pace with these fast-moving developments, increasing risk expertise and partnership are required.

This seminar deals with a variety of risks, from infrastructure schemes and industrial plants to special coverage concepts for projects under construction or in operation. Participants benefit from Munich Re's long-standing and global risk insights and resources.

Losses in construction resulting from defective material, workmanship or design may be significant. Various sets of clauses, such as Munich Re, LEG, DE, aim at limiting the exposure to these losses.

• Damage versus Defect
• Defects Exclusion Clauses and their impact
• Loss examples

Engineering underwriters and specialists with at least three years of experience in engineering insurance and technical risk assessment. Basic knowledge of the standard wordings and coverage concepts for the engineering lines of business is considered a prerequisite.

English - professional business English skills required

Our seminars are provided to our most valued clients only. If you are interested in participating, please get in touch with your client manager or responsible underwriter at Munich Re.

25 October 2023

Deadline for registration

24 October 2023