Insuring against terrorism
Lewis, S.
Insuring against terrorism - 2001 - Building 266(8207) 26 October 2001, 54-55(2) .
Considers how existing standard form contracts account for the threat of terrorism. Looks at the recently revised JCT standard form of contract which has amendments relating to insurance provisions and terrorist attacks. Highlights that the amended form has a number of exclusions to all-risks insurance that have not been amended, and argues that the phrases war, acts of a foreign enemy and hostilities should be clarified so as not to contradict the changes relating to terrorist attacks. Also outlines the approaches of GC/Works/1 and the ICE forms of contract to the threat of terrorism and concludes that the latter two contracts have a more balanced approach than JCT98.
TERRORISM
ALLOCATION OF RISK
ICE FORMS OF CONTRACT
GC/WORKS/1
JCT STANDARD FORM OF BUILDING CONTRACT (1998 EDITION)
STANDARD FORMS OF CONTRACT
INSURANCE PROVISIONS
Insuring against terrorism - 2001 - Building 266(8207) 26 October 2001, 54-55(2) .
Considers how existing standard form contracts account for the threat of terrorism. Looks at the recently revised JCT standard form of contract which has amendments relating to insurance provisions and terrorist attacks. Highlights that the amended form has a number of exclusions to all-risks insurance that have not been amended, and argues that the phrases war, acts of a foreign enemy and hostilities should be clarified so as not to contradict the changes relating to terrorist attacks. Also outlines the approaches of GC/Works/1 and the ICE forms of contract to the threat of terrorism and concludes that the latter two contracts have a more balanced approach than JCT98.
TERRORISM
ALLOCATION OF RISK
ICE FORMS OF CONTRACT
GC/WORKS/1
JCT STANDARD FORM OF BUILDING CONTRACT (1998 EDITION)
STANDARD FORMS OF CONTRACT
INSURANCE PROVISIONS