Risk and Insurance in Construction
Routledge – 2003 – 496 pages
Those involved in construction have to cope with so much learning in their own discipline that they shun further involvement in subjects such as insurance and law which in themselves are so deeply and intensely complex. However, insurance and law are interwoven in the basic procedures used in the construction industry for undertaking work, be they design, construction, supervision or operation, or any combination of them.
This thoroughly revised edition of Nael Bunni's successful book, formerly called Insurance in Construction, provides information on risk, construction law and construction insurance for those involved with all aspects of construction. The chapters on risk have been expanded to include recent developments in the area and provide further examples of events which could occur on what can be viewed as the most risky human work activity, namely construction. New chapters are also added to deal with the insurance clauses of the many new standard forms of contract published in recent years, including FIDIC's new suite of contracts published in September 1999, ICE's seventh edition of the civil engineering standard form of contract, and ICE's second edition of the design/build form.
From the reviews of the first edition:
"Those of us in the industry, and amongst its clients, who are neither lawyers nor insurance professionals must welcome a treatise on construction insurance by a practising engineer who not only works in the construction trinity as a structural designer of high calibre but also has a long experience in, and a deep understanding of, the insurance world." - IABSE Bulletin
"Dr Bunni's book is a wise, impartial and valuable survey of the hard actualities which are involved in the relationships between client, insurers, the law and the general public, as they concern the construction industry and the way in which construction insurance operates in this environment." - Lloyd's List
"…required reading of anyone who would propose to understand some of the problems of today's very complex construction process and the solutions to those problems." - Independent Consulting Engineer
"We should all know, understand and interest ourselves in the risks of our business, for it is only the engineers who are able to identify the construction risks and therefore provide information for a contract which is based on principle of utmost good faith. This book succeeds better than any other I have seen in helping us to be able to do just that." - New Civil Engineer
I believe that the book could potentially inform the discerning building engineers about the complexities of insurance and law which influence the performance of their industry. It will…enlighten the readers on the nature of mutual misunderstandings held by society, clients of the industry and the legal profession, as mentioned in the Foreword, and make the readers aware of the adverse influence of such misunderstandings on resources and performance of the construction industry. - Building Engineer
The text has been revised extensively and substantially re-written…This book should form part of the library of all professionals and contractors and those involved in insurance in the construction industry. - Irish Engineers Journal
Preface. Foreword. Acknowledgements. 1. Interaction between Construction, Insurance and Law. 2. Hazards and Risks. 3. The Spectrum of Hazard and Risks in Construction. 4. The Risk as Classified in Standard Forms of Construction Contracts. 5. Responsibility and Liability in Construction. 6. Indemnity and Insurance. 7. The Insurance Scene. 8. The Insurance Clauses in Standard Forms of Contract. 9. The Insurance Clauses in FIDIC's Traditional Forms of Contract: A Proposed Redraft.10. The Insurance Clauses of the New FIDIC Forms of Contract. 11. The Insurance Clauses of the New 1999 FIDIC Forms of Contract: A Proposed Redraft. 12. Insurance Clauses of the New FIDIC Forms of Contract. 13. Professional Indemnity Insurance. 14. Alternative Methods of Insuring. Appendices. Case List. Index.
Dr Nael Bunni is a Chartered Engineer, Registered Chartered Arbitrator and Conciliator. He is Past President of the Association of Consulting Engineers of Ireland, Past Chairman of the Irish Branch of the Chartered Institute of Arbitrators; and the Past President of the Chartered Institute of Arbitrators, London. At present, he is a member of the Board of Directors of the London Court of International Arbitration and member of various Standing Committees of the Commission on International Arbitration of the ICC, Paris, including the Forum on ADR, the Construction Arbitration Section of the Forum on "Arbitration and New Fields" and the working Party on Turnkey Transactions of the Commission on International Commercial Practice. He is a member of ICCA and a Fellow of the Irish Academy of Engineering.