000			01277cam a2200241 4500
001			ABS64915
008			020103n2001 000 0 eng u
035			_a(Sirsi) u116118
100			_aButton, R.
245			_aRisks of terrorism: takes cover
260			_c2001
490			_aCSM _bChartered Surveyor Monthly _vNovember & December 2001, 33(1)
520			_aThe cost of insurance is likely to rise after the events of 11 September and premiums for terrorism cover are also likely to increase substantially. There are two kinds of terrorism risk, direct physical damage or indirect delay and disruption to the works. Insurance policies normally cover terrorist damage but not disruption. Here the contractor is very vulnerable to very heavy costs and the employer will also be exposed to the loss of the liquidated damages. If a party required to insure decides to economise by excluding it can be seen that this could seriously jeopardise a project and affect the financial wellbeing of the parties.
590			_aABS
650			_aTERRORIST ATTACKS
650			_aINSURANCE PREMIUMS
650			_aTERRORISM COVER
650			_aJCT STANDARD FORM OF BUILDING CONTRACT 1998
650			_aDAMAGES
690			_aInsurance _96249
700			_aMills, R.
942			_n0
999			_c69174 _d69174