Insurance considerations

The way a Hot Works project is managed could have important insurance implications in the event of a loss.

Why?

In many projects involving Hot Works, it is common for contracts to stipulate that insurance is taken out jointly in the name of the employer and the contractor.

This has important implications for how potential negligence claims are handled. e.g.

Losses are a result of the contractor s negligence but we may be precluded from pursuing a claim against the contractor

When the contractor s insurer won t pay up, you will have to claim on your insurance affecting your claims history