Panel on Construction-Infrastructure Insurances, 31 March 2017, Turkish Contractors Association, Ankara

10.04.2017

Recently, construction/engineering insurances has become important especially for Turkish contracting companies. These insurances including but not limited to assembly all risk insurance, machinery breakdown insurance, 3rd party liability insurance, employer liability insurance etc.

Another importance progress for the contracting companies is an increase in the tendency to removing the risks of terror and political violence from “All Risks” insurances. It is observed that such risks have become to be evaluated under a new insurance branch and to be presented by expert insurance companies out of All Risks policies.

Within this framework, a panel was organized on 31 March 2017 in Turkish Contractors Association in order to evaluate the latest developments and tendencies in construction/infrastructure insurances in cooperation with Turkish Contractors Association and INTEGRA Insurance Broker. Att. Dr. Özgün Öztunç, the founding partner of our law firm attended this panel as a speaker with his presentation covering below points;

-What is Risk in Construction All Risk Insurance?
-How can a risk be limited?
-Supreme Court’s Approach
-Meaning of All Risks in International Judicial Decisions
-Analyzing the subject by showing examples from comparative law within the scope of new Turkish Commercial Code and Insurance Law.