Risk yönetimi ve inşaat sigortaları

Abstract

122 CONCLUSION As the risk is everywhere and for everybody, risk management is a process applied by everyone in cognition or not. However, in this age of information and communication we have the advantage of being provided by the systematic treatment of risk under the heading of `Risk Management`. The concept is naturally considered together with `Insurance` as it is a separate sector handling risks. Nevertheless, the existing structures of the insurance companies are not sufficient to achieve the whole risk management process on behalf of their clients. What has been done is limited to risk inspection and acting as advisors about loss prevention. On the other hand, insurance companies have to full fill the risk management process for their own operational and technical risks. Reinsurance departments are responsible with that up to an extent but, especially after the free tariff system has been effective in our market, the insurers need the data necessary to form a base for the Turkish rates. The sector should urge the governments to collect the data for it is almost impossible for the insurance companies to reach the large numbers individually. On the other hand, as it is in all under-developed countries the investments on big size projects are common in our country, too. They are expensive projects to be realized in the long term. Considering also the economic conditions in Turkey, coping with the losses that are accordingly high is the most important KOW123 problem. Therefore the application of risk management overweighs increasingly. Insurance, as a method of risk handling, is notable at this point. It is not remarkable only as a method of affording the losses but also useful to spread and develop the insurance sector. Such a development shall produce a social consciousness about reducing, sharing and controlling the risks in all enterprises. In addition, resources, labour and time shall be used more rationally. The added values created in the insurance sector shall open the ways to economic and social development as fund resources.122 CONCLUSION As the risk is everywhere and for everybody, risk management is a process applied by everyone in cognition or not. However, in this age of information and communication we have the advantage of being provided by the systematic treatment of risk under the heading of `Risk Management`. The concept is naturally considered together with `Insurance` as it is a separate sector handling risks. Nevertheless, the existing structures of the insurance companies are not sufficient to achieve the whole risk management process on behalf of their clients. What has been done is limited to risk inspection and acting as advisors about loss prevention. On the other hand, insurance companies have to full fill the risk management process for their own operational and technical risks. Reinsurance departments are responsible with that up to an extent but, especially after the free tariff system has been effective in our market, the insurers need the data necessary to form a base for the Turkish rates. The sector should urge the governments to collect the data for it is almost impossible for the insurance companies to reach the large numbers individually. On the other hand, as it is in all under-developed countries the investments on big size projects are common in our country, too. They are expensive projects to be realized in the long term. Considering also the economic conditions in Turkey, coping with the losses that are accordingly high is the most important KOW123 problem. Therefore the application of risk management overweighs increasingly. Insurance, as a method of risk handling, is notable at this point. It is not remarkable only as a method of affording the losses but also useful to spread and develop the insurance sector. Such a development shall produce a social consciousness about reducing, sharing and controlling the risks in all enterprises. In addition, resources, labour and time shall be used more rationally. The added values created in the insurance sector shall open the ways to economic and social development as fund resources.122 CONCLUSION As the risk is everywhere and for everybody, risk management is a process applied by everyone in cognition or not. However, in this age of information and communication we have the advantage of being provided by the systematic treatment of risk under the heading of `Risk Management`. The concept is naturally considered together with `Insurance` as it is a separate sector handling risks. Nevertheless, the existing structures of the insurance companies are not sufficient to achieve the whole risk management process on behalf of their clients. What has been done is limited to risk inspection and acting as advisors about loss prevention. On the other hand, insurance companies have to full fill the risk management process for their own operational and technical risks. Reinsurance departments are responsible with that up to an extent but, especially after the free tariff system has been effective in our market, the insurers need the data necessary to form a base for the Turkish rates. The sector should urge the governments to collect the data for it is almost impossible for the insurance companies to reach the large numbers individually. On the other hand, as it is in all under-developed countries the investments on big size projects are common in our country, too. They are expensive projects to be realized in the long term. Considering also the economic conditions in Turkey, coping with the losses that are accordingly high is the most important KOW123 problem. Therefore the application of risk management overweighs increasingly. Insurance, as a method of risk handling, is notable at this point. It is not remarkable only as a method of affording the losses but also useful to spread and develop the insurance sector. Such a development shall produce a social consciousness about reducing, sharing and controlling the risks in all enterprises. In addition, resources, labour and time shall be used more rationally. The added values created in the insurance sector shall open the ways to economic and social development as fund resources.122 CONCLUSION As the risk is everywhere and for everybody, risk management is a process applied by everyone in cognition or not. However, in this age of information and communication we have the advantage of being provided by the systematic treatment of risk under the heading of `Risk Management`. The concept is naturally considered together with `Insurance` as it is a separate sector handling risks. Nevertheless, the existing structures of the insurance companies are not sufficient to achieve the whole risk management process on behalf of their clients. What has been done is limited to risk inspection and acting as advisors about loss prevention. On the other hand, insurance companies have to full fill the risk management process for their own operational and technical risks. Reinsurance departments are responsible with that up to an extent but, especially after the free tariff system has been effective in our market, the insurers need the data necessary to form a base for the Turkish rates. The sector should urge the governments to collect the data for it is almost impossible for the insurance companies to reach the large numbers individually. On the other hand, as it is in all under-developed countries the investments on big size projects are common in our country, too. They are expensive projects to be realized in the long term. Considering also the economic conditions in Turkey, coping with the losses that are accordingly high is the most important KOW123 problem. Therefore the application of risk management overweighs increasingly. Insurance, as a method of risk handling, is notable at this point. It is not remarkable only as a method of affording the losses but also useful to spread and develop the insurance sector. Such a development shall produce a social consciousness about reducing, sharing and controlling the risks in all enterprises. In addition, resources, labour and time shall be used more rationally. The added values created in the insurance sector shall open the ways to economic and social development as fund resources.122 CONCLUSION As the risk is everywhere and for everybody, risk management is a process applied by everyone in cognition or not. However, in this age of information and communication we have the advantage of being provided by the systematic treatment of risk under the heading of `Risk Management`. The concept is naturally considered together with `Insurance` as it is a separate sector handling risks. Nevertheless, the existing structures of the insurance companies are not sufficient to achieve the whole risk management process on behalf of their clients. What has been done is limited to risk inspection and acting as advisors about loss prevention. On the other hand, insurance companies have to full fill the risk management process for their own operational and technical risks. Reinsurance departments are responsible with that up to an extent but, especially after the free tariff system has been effective in our market, the insurers need the data necessary to form a base for the Turkish rates. The sector should urge the governments to collect the data for it is almost impossible for the insurance companies to reach the large numbers individually. On the other hand, as it is in all under-developed countries the investments on big size projects are common in our country, too. They are expensive projects to be realized in the long term. Considering also the economic conditions in Turkey, coping with the losses that are accordingly high is the most important KOW123 problem. Therefore the application of risk management overweighs increasingly. Insurance, as a method of risk handling, is notable at this point. It is not remarkable only as a method of affording the losses but also useful to spread and develop the insurance sector. Such a development shall produce a social consciousness about reducing, sharing and controlling the risks in all enterprises. In addition, resources, labour and time shall be used more rationally. The added values created in the insurance sector shall open the ways to economic and social development as fund resources.122 CONCLUSION As the risk is everywhere and for everybody, risk management is a process applied by everyone in cognition or not. However, in this age of information and communication we have the advantage of being provided by the systematic treatment of risk under the heading of `Risk Management`. The concept is naturally considered together with `Insurance` as it is a separate sector handling risks. Nevertheless, the existing structures of the insurance companies are not sufficient to achieve the whole risk management process on behalf of their clients. What has been done is limited to risk inspection and acting as advisors about loss prevention. On the other hand, insurance companies have to full fill the risk management process for their own operational and technical risks. Reinsurance departments are responsible with that up to an extent but, especially after the free tariff system has been effective in our market, the insurers need the data necessary to form a base for the Turkish rates. The sector should urge the governments to collect the data for it is almost impossible for the insurance companies to reach the large numbers individually. On the other hand, as it is in all under-developed countries the investments on big size projects are common in our country, too. They are expensive projects to be realized in the long term. Considering also the economic conditions in Turkey, coping with the losses that are accordingly high is the most important KOW123 problem. Therefore the application of risk management overweighs increasingly. Insurance, as a method of risk handling, is notable at this point. It is not remarkable only as a method of affording the losses but also useful to spread and develop the insurance sector. Such a development shall produce a social consciousness about reducing, sharing and controlling the risks in all enterprises. In addition, resources, labour and time shall be used more rationally. The added values created in the insurance sector shall open the ways to economic and social development as fund resources.122 CONCLUSION As the risk is everywhere and for everybody, risk management is a process applied by everyone in cognition or not. However, in this age of information and communication we have the advantage of being provided by the systematic treatment of risk under the heading of `Risk Management`. The concept is naturally considered together with `Insurance` as it is a separate sector handling risks. Nevertheless, the existing structures of the insurance companies are not sufficient to achieve the whole risk management process on behalf of their clients. What has been done is limited to risk inspection and acting as advisors about loss prevention. On the other hand, insurance companies have to full fill the risk management process for their own operational and technical risks. Reinsurance departments are responsible with that up to an extent but, especially after the free tariff system has been effective in our market, the insurers need the data necessary to form a base for the Turkish rates. The sector should urge the governments to collect the data for it is almost impossible for the insurance companies to reach the large numbers individually. On the other hand, as it is in all under-developed countries the investments on big size projects are common in our country, too. They are expensive projects to be realized in the long term. Considering also the economic conditions in Turkey, coping with the losses that are accordingly high is the most important KOW123 problem. Therefore the application of risk management overweighs increasingly. Insurance, as a method of risk handling, is notable at this point. It is not remarkable only as a method of affording the losses but also useful to spread and develop the insurance sector. Such a development shall produce a social consciousness about reducing, sharing and controlling the risks in all enterprises. In addition, resources, labour and time shall be used more rationally. The added values created in the insurance sector shall open the ways to economic and social development as fund resources.122 CONCLUSION As the risk is everywhere and for everybody, risk management is a process applied by everyone in cognition or not. However, in this age of information and communication we have the advantage of being provided by the systematic treatment of risk under the heading of `Risk Management`. The concept is naturally considered together with `Insurance` as it is a separate sector handling risks. Nevertheless, the existing structures of the insurance companies are not sufficient to achieve the whole risk management process on behalf of their clients. What has been done is limited to risk inspection and acting as advisors about loss prevention. On the other hand, insurance companies have to full fill the risk management process for their own operational and technical risks. Reinsurance departments are responsible with that up to an extent but, especially after the free tariff system has been effective in our market, the insurers need the data necessary to form a base for the Turkish rates. The sector should urge the governments to collect the data for it is almost impossible for the insurance companies to reach the large numbers individually. On the other hand, as it is in all under-developed countries the investments on big size projects are common in our country, too. They are expensive projects to be realized in the long term. Considering also the economic conditions in Turkey, coping with the losses that are accordingly high is the most important KOW123 problem. Therefore the application of risk management overweighs increasingly. Insurance, as a method of risk handling, is notable at this point. It is not remarkable only as a method of affording the losses but also useful to spread and develop the insurance sector. Such a development shall produce a social consciousness about reducing, sharing and controlling the risks in all enterprises. In addition, resources, labour and time shall be used more rationally. The added values created in the insurance sector shall open the ways to economic and social development as fund resources.122 CONCLUSION As the risk is everywhere and for everybody, risk management is a process applied by everyone in cognition or not. However, in this age of information and communication we have the advantage of being provided by the systematic treatment of risk under the heading of `Risk Management`. The concept is naturally considered together with `Insurance` as it is a separate sector handling risks. Nevertheless, the existing structures of the insurance companies are not sufficient to achieve the whole risk management process on behalf of their clients. What has been done is limited to risk inspection and acting as advisors about loss prevention. On the other hand, insurance companies have to full fill the risk management process for their own operational and technical risks. Reinsurance departments are responsible with that up to an extent but, especially after the free tariff system has been effective in our market, the insurers need the data necessary to form a base for the Turkish rates. The sector should urge the governments to collect the data for it is almost impossible for the insurance companies to reach the large numbers individually. On the other hand, as it is in all under-developed countries the investments on big size projects are common in our country, too. They are expensive projects to be realized in the long term. Considering also the economic conditions in Turkey, coping with the losses that are accordingly high is the most important KOW123 problem. Therefore the application of risk management overweighs increasingly. Insurance, as a method of risk handling, is notable at this point. It is not remarkable only as a method of affording the losses but also useful to spread and develop the insurance sector. Such a development shall produce a social consciousness about reducing, sharing and controlling the risks in all enterprises. In addition, resources, labour and time shall be used more rationally. The added values created in the insurance sector shall open the ways to economic and social development as fund resources.122 CONCLUSION As the risk is everywhere and for everybody, risk management is a process applied by everyone in cognition or not. However, in this age of information and communication we have the advantage of being provided by the systematic treatment of risk under the heading of `Risk Management`. The concept is naturally considered together with `Insurance` as it is a separate sector handling risks. Nevertheless, the existing structures of the insurance companies are not sufficient to achieve the whole risk management process on behalf of their clients. What has been done is limited to risk inspection and acting as advisors about loss prevention. On the other hand, insurance companies have to full fill the risk management process for their own operational and technical risks. Reinsurance departments are responsible with that up to an extent but, especially after the free tariff system has been effective in our market, the insurers need the data necessary to form a base for the Turkish rates. The sector should urge the governments to collect the data for it is almost impossible for the insurance companies to reach the large numbers individually. On the other hand, as it is in all under-developed countries the investments on big size projects are common in our country, too. They are expensive projects to be realized in the long term. Considering also the economic conditions in Turkey, coping with the losses that are accordingly high is the most important KOW123 problem. Therefore the application of risk management overweighs increasingly. Insurance, as a method of risk handling, is notable at this point. It is not remarkable only as a method of affording the losses but also useful to spread and develop the insurance sector. Such a development shall produce a social consciousness about reducing, sharing and controlling the risks in all enterprises. In addition, resources, labour and time shall be used more rationally. The added values created in the insurance sector shall open the ways to economic and social development as fund resources.122 CONCLUSION As the risk is everywhere and for everybody, risk management is a process applied by everyone in cognition or not. However, in this age of information and communication we have the advantage of being provided by the systematic treatment of risk under the heading of `Risk Management`. The concept is naturally considered together with `Insurance` as it is a separate sector handling risks. Nevertheless, the existing structures of the insurance companies are not sufficient to achieve the whole risk management process on behalf of their clients. What has been done is limited to risk inspection and acting as advisors about loss prevention. On the other hand, insurance companies have to full fill the risk management process for their own operational and technical risks. Reinsurance departments are responsible with that up to an extent but, especially after the free tariff system has been effective in our market, the insurers need the data necessary to form a base for the Turkish rates. The sector should urge the governments to collect the data for it is almost impossible for the insurance companies to reach the large numbers individually. On the other hand, as it is in all under-developed countries the investments on big size projects are common in our country, too. They are expensive projects to be realized in the long term. Considering also the economic conditions in Turkey, coping with the losses that are accordingly high is the most important KOW123 problem. Therefore the application of risk management overweighs increasingly. Insurance, as a method of risk handling, is notable at this point. It is not remarkable only as a method of affording the losses but also useful to spread and develop the insurance sector. Such a development shall produce a social consciousness about reducing, sharing and controlling the risks in all enterprises. In addition, resources, labour and time shall be used more rationally. The added values created in the insurance sector shall open the ways to economic and social development as fund resources.122 CONCLUSION As the risk is everywhere and for everybody, risk management is a process applied by everyone in cognition or not. However, in this age of information and communication we have the advantage of being provided by the systematic treatment of risk under the heading of `Risk Management`. The concept is naturally considered together with `Insurance` as it is a separate sector handling risks. Nevertheless, the existing structures of the insurance companies are not sufficient to achieve the whole risk management process on behalf of their clients. What has been done is limited to risk inspection and acting as advisors about loss prevention. On the other hand, insurance companies have to full fill the risk management process for their own operational and technical risks. Reinsurance departments are responsible with that up to an extent but, especially after the free tariff system has been effective in our market, the insurers need the data necessary to form a base for the Turkish rates. The sector should urge the governments to collect the data for it is almost impossible for the insurance companies to reach the large numbers individually. On the other hand, as it is in all under-developed countries the investments on big size projects are common in our country, too. They are expensive projects to be realized in the long term. Considering also the economic conditions in Turkey, coping with the losses that are accordingly high is the most important KOW123 problem. Therefore the application of risk management overweighs increasingly. Insurance, as a method of risk handling, is notable at this point. It is not remarkable only as a method of affording the losses but also useful to spread and develop the insurance sector. Such a development shall produce a social consciousness about reducing, sharing and controlling the risks in all enterprises. In addition, resources, labour and time shall be used more rationally. The added values created in the insurance sector shall open the ways to economic and social development as fund resources.122 CONCLUSION As the risk is everywhere and for everybody, risk management is a process applied by everyone in cognition or not. However, in this age of information and communication we have the advantage of being provided by the systematic treatment of risk under the heading of `Risk Management`. The concept is naturally considered together with `Insurance` as it is a separate sector handling risks. Nevertheless, the existing structures of the insurance companies are not sufficient to achieve the whole risk management process on behalf of their clients. What has been done is limited to risk inspection and acting as advisors about loss prevention. On the other hand, insurance companies have to full fill the risk management process for their own operational and technical risks. Reinsurance departments are responsible with that up to an extent but, especially after the free tariff system has been effective in our market, the insurers need the data necessary to form a base for the Turkish rates. The sector should urge the governments to collect the data for it is almost impossible for the insurance companies to reach the large numbers individually. On the other hand, as it is in all under-developed countries the investments on big size projects are common in our country, too. They are expensive projects to be realized in the long term. Considering also the economic conditions in Turkey, coping with the losses that are accordingly high is the most important KOW115 2. Liabıl Uy seçti on which states the terms and conditions of coverage against liability claims arising from carrying out the contract works insured in material damage seçti on. B)The Insureds: in a Contractor's Ali Risks policy the follovnng bodies can be stated as the Insureds: -the principal (sometimes 'the employer') -the designers, consultants, architects/engineers -the contractor (main contractor) -the sub-contractors. C)The Scope of Coverage: The def ini ti on in the policy is as fol`lows: `If at any time during the period of insurance stated in the Schedule, the property described in the Schedule and used in performance of the contract shall suffer any unforeseen ör accidental loss ör damage at the site from any cause other than those specifically excluded, necessitating repair ör replacement, the Insurers will indemnify the insured in respect of ali such loss ör damage up to an amount not exceeding, in respect of each of the items specified in the Schedule, the sura set out opposite thereto and not exceeding in ali the total sum expressed in the said Schedule as insured hereby.`116 The exclusions are: 1-Loss ör damage due to faul t, defect, error, fail üre ör omission in design, plans ör specifications. 2-Cost of repairing, replacing ör rectifying insured property which is defective in material and/or workmanship but this exclusions shall be limited to the structure ör work immidiately affected and shall not extend to other work ör property lost ör damaged as a consequence of such defective material and/or vvorkmanship 3-Normal making good, normal upkeep 4-Consequential loss of any kind ör loss of use 5-Loss of ör damage to f i leş, dravııngs, accounts, biliş, currency, stamps, deeds, evidences of debt, notes, securities ör cheques, packing materials, such as cases, boxes ör crates 6-Loss by disappearance ör shortage discovered only at the time of taking an inventory 7-Wear and tear, corrosion, erosion, oxidation and deterioration due to lack of use and normal atmospheric conditions 8-Nar, invasion, act of foreign enemy, hostilities(whether war be declared ör not), cıvıl war, rebellion, revolution, insurrection, mutiny, riot, strike, lock-out, civil commotion military ör usurped power, a group of malicious persons ör persons acting on behalf of ör in connection with any117 political organisation, conspiracy, confiscation, commandeering, requisition ör destruction ör damage by order of any government de jure ör de facto ör by any public authority 9- Nuclear radiation, nuclear reaction ör radloactive contamination 10-Wi1ful act ör wilfu1 negligence of the Insured ör of his representitives 11-Cessation of work whether total ör parti al D) Extensions: The basic coverage is possible to be extended by endorsements. The additional coverages are as fo11ows: 1-Contractor's Plant and Machinery 2-Maintenance Peri od 3-Existing Property 4-Faulty Design 5-Expediting Costs 6-Airfreighth Costs 7-Strike, Riot, Civil Commotion 8-Cross Liability l- Contractor's Plant and Machinery; The l ist of the machinery should be added to the policy118 schedule. The new replacement value för each i tem should be entered therein. The sea vehicles and those that are licensed in public roads are exc1uded. The premium is calculated annually. 2-Maintenance Peri od; The l i abı l ity of the contractor, subsequent to the provisional take-over, losts generaliy 12 months more. The sum insured is the final value of the contract works. There are two kinds of maintenance coverage: a)Maintenance Visits: This coverage indemnifies the loss ör damage occurred directly due to the activities of the contractor whilst carrying out his obligations of maintenance. b)Extended Maintenance: in addition to `a`, the loss ör damage arising from errors ör ommisions of the contractor to carry out the insured contract vvorks are indemnified. 3-Existinq Propertv; The loss of ör damage caused by carrying out the insured119 contract works to the property which is owned by contractor ör the principal ör which is under the çare, custody ör control of the insured, on ör in the near vicinity of the site can be covered with this endorsement. Natura! hazards and maintenance peri od is exc1uded. An aggregate sum insured should be stated in the policy. 4-Faulty Design; Faulty Design is an exc1usion in the Material Damage Seçtion of the Policy but it can be covered with this endorsement. Sum insured is identical to the estimated total value of the contract works. The physical loss ör damage to the insured works, causedby fault, error ör ommision in the design,plansand specifications are covered. The faulty partiste!fis excluded. 5-Expediting Costs; Extra charges för overnightwork, nightwork on public holidays and express freightexcept airfreight directly related to the insured loss ör damage isindemnified with this endorsement.120 The sum insured is a limit of indemnity stated in the Policy ör a certain percentage of loss. 6-Airfreight Costs; it is the same as expediting costs cover with the inclusion of airfreight costs. The limit of indemnification should be stated in the policy. 7-Strike. Riot. Çivi l Commotion; This endorsement indemnifies the loss of ör damage to the property insured directly caused by 1.the act of any person taking part together withothers in any disturbance of the public peace (vvhether inconnection with a strike ör lockout ör not) not being anoccurence of war defined in the exclusions 2.the action of any lawfully constituted authority in suppressing ör attempting to suppress any such disturbance ör in minimising the consequences of any such disturbance 3.the wilful act of any worker on strike ör locked out, carried out in furtherance of a strike ör in resistance to a lock-out121 4. the action of any lawfully constituted athority in preventing ör attempting to prevent any such act ör in minimising the consequences of any such act The Sum Insured is identical with the estimated tbtal value of the contract works. 8- Cross Liabillty; This is an extension to the liability section of the policy. The bodies specified as Insured is considered as a seperate entity as i f they each have a seperate policy. The loss of ör damage to property which is ör could have been insured under the Material Damage Section ör any loss of ör damage to the property which is owned by the Insureds are exc1uded. The limit of liability is the same amount stated for the third party liability section of the policy.122 CONCLUSION As the risk is everywhere and for everybody, risk management is a process applied by everyone in cognition or not. However, in this age of information and communication we have the advantage of being provided by the systematic treatment of risk under the heading of `Risk Management`. The concept is naturally considered together with `Insurance` as it is a separate sector handling risks. Nevertheless, the existing structures of the insurance companies are not sufficient to achieve the whole risk management process on behalf of their clients. What has been done is limited to risk inspection and acting as advisors about loss prevention. On the other hand, insurance companies have to full fill the risk management process for their own operational and technical risks. Reinsurance departments are responsible with that up to an extent but, especially after the free tariff system has been effective in our market, the insurers need the data necessary to form a base for the Turkish rates. The sector should urge the governments to collect the data for it is almost impossible for the insurance companies to reach the large numbers individually. On the other hand, as it is in all under-developed countries the investments on big size projects are common in our country, too. They are expensive projects to be realized in the long term. Considering also the economic conditions in Turkey, coping with the losses that are accordingly high is the most important KOW123 problem. Therefore the application of risk management overweighs increasingly. Insurance, as a method of risk handling, is notable at this point. It is not remarkable only as a method of affording the losses but also useful to spread and develop the insurance sector. Such a development shall produce a social consciousness about reducing, sharing and controlling the risks in all enterprises. In addition, resources, labour and time shall be used more rationally. The added values created in the insurance sector shall open the ways to economic and social development as fund resources.