Business, Commerce and Management Studies Finance, Economics and Accounting

Engineering Insurance Fundamentals and Coverage Training

SAQA US 242683 | NQF 4 | Credits 5 | Duration 2 Days
From $832 per delegate

Description

This course equips learners with the foundational knowledge and understanding of engineering insurance principles and coverage. It covers key concepts such as types of engineering policies, risk assessment, claims handling, and the legal framework governing engineering insurance in South Africa. By the end, participants will be able to interpret policy wordings, advise on appropriate cover, and manage engineering insurance portfolios effectively.

Learning Outcomes

  • Demonstrate understanding of the principles and concepts of engineering insurance.
  • Apply knowledge of different types of engineering insurance policies and their coverage.
  • Analyze risk exposures in engineering projects and recommend appropriate insurance solutions.
  • Evaluate the claims process and documentation requirements for engineering insurance.
  • Interpret policy wordings and conditions relevant to engineering insurance.
  • Implement risk management strategies to mitigate engineering-related losses.

Target Audience

Insurance professionals, risk managers, brokers, underwriters, and claims handlers who deal with engineering-related insurance products. This course is also suitable for engineers and project managers seeking to understand insurance implications in their projects.

Prerequisites

None — open enrollment.

Course Outline

Day 1: Fundamentals of Engineering Insurance

Objectives:
• Understand the basic principles and terminology of engineering insurance.
• Identify the main types of engineering insurance policies and their purposes.
• Explain the concept of insurable interest and risk assessment in engineering projects.
• Recognise the key stakeholders and their roles in engineering insurance.
• Describe the typical policy structure and common exclusions.

Topics:
• Introduction to engineering insurance: definition, importance, and scope.
• Overview of key insurance principles: indemnity, subrogation, utmost good faith.
• Types of engineering insurance: Contractors All Risks (CAR), Erection All Risks (EAR), Machinery Breakdown, and more.
• Risk assessment and underwriting considerations for engineering projects.
• Policy structure: declarations, insuring agreements, conditions, and exclusions.
• Key stakeholders: insured, insurer, broker, engineer, and loss adjuster.
• Common exclusions in engineering policies.
• Case study: analysing a simple CAR policy.

Day 2: Coverage Analysis and Claims Management

Objectives:
• Differentiate between first-party and third-party coverages in engineering insurance.
• Analyse policy wordings to determine coverage scope and limitations.
• Understand the claims process and the role of the loss adjuster.
• Apply principles of business interruption and delay in start-up cover.
• Evaluate real-world scenarios to identify coverage gaps and recommend solutions.

Topics:
• First-party coverages: material damage, business interruption, and DSU.
• Third-party coverages: public liability, professional indemnity.
• Advanced coverage: testing and commissioning, maintenance visits.
• Policy extensions and endorsements: escalation, debris removal, expediting.
• Claims process: notification, documentation, investigation, and settlement.
• Role of the loss adjuster and surveyor in claims handling.
• Common claims scenarios: machinery breakdown, construction defects, natural perils.
• Practical workshop: reviewing a claim scenario and preparing a coverage analysis.

Practicals

6 hours of practicals To be conducted online or on-campus or in-house
Overview

Practical sessions allow learners to apply theoretical knowledge to realistic engineering insurance scenarios. Through policy analysis exercises and a simulated claims workshop, participants develop skills in identifying coverage, assessing risks, and managing claims.

Practical Activities
  • Policy Analysis Exercise — Learners receive sample engineering insurance policies and must identify key coverages, exclusions, and conditions, then answer scenario-based questions. (3h)
  • Claims Simulation Workshop — In groups, learners work through a simulated engineering insurance claim from notification to settlement, including documentation review and loss adjustment discussion. (3h)

Summatives

Each delegate is assessed continuously throughout the course via daily exercises, scored practical assignments, and a final summative test at the end.

Practical Assignments — 30%

Practical assignments are observed and scored against a rubric during the practical sessions. Each delegate's practical mark is averaged into a single 100% score and contributes 30% to the final total.

Daily Exercises — 20%

Every training day ends with a multiple-choice exercise scored out of 100%. The scores from each daily exercise are averaged across the duration of the course to produce a Daily Average mark, which contributes 20% to the final total.

Final Test — 50%

On the last day a final summative test is written. It is a multiple-choice paper with multiple-answer questions: each question may have more than one correct option, and a single wrong selection on a question marks the entire question wrong — no partial credit. The final test is scored out of 100% and contributes 50% to the overall mark.

Final Total
Component Out of Weight
Practical Assignments (rubric-scored) 100% 30%
Daily Average (multiple choice) 100% 20%
Final Test (multi-answer multiple choice) 100% 50%
Final Total 100%

All marks are recorded on the AATICD LMS and visible to each learner under their account.

Certificate

Certificate of Completion

Awarded to delegates who achieve an overall mark of 50% or higher on the Final Total (Practicals 30% + Daily Average 20% + Final Test 50%).

How it works
  • Certificates are auto-generated on the AATICD LMS as soon as the marks pass the 50% threshold.
  • Each certificate is a branded PDF with the delegate's name, the course title, the unit standard ID, NQF level, credits, and the date of issue.
  • You can download or print your certificate from your LMS dashboard at any time after issue — there's no reissue fee and no expiry date.
  • If you scored under 50% you can sit the final test again at the next scheduled session at no extra cost.
Where to find it

Sign in to the LMS, open your dashboard, and your certificates appear under My Certificates. Each entry has a View / Download button and a print option.

Training Discounts

Group discounts apply automatically — the more delegates you enrol, the greater the saving. Discounts are calculated at 3% per 5 delegates, scaling up to 40% off for 100+ delegates.

Delegates Discount
5 3% off
10 6% off
15 9% off
20 12% off
25 15% off
30 18% off
50 30% off
75 35% off
100 40% off

3% discount per 5 delegates, up to 40% off for 100+ delegates. Contact us for a custom group quote.

Upcoming Training Sessions
Online training — attend live sessions from anywhere via our virtual classroom.
Start End Delivery Season Price Action
Mon 07 Sep 2026 Tue 08 Sep 2026 Virtual Spring 2026 $832 Register
Tue 29 Sep 2026 Wed 30 Sep 2026 Virtual Spring 2026 $832 Register
Wed 21 Oct 2026 Thu 22 Oct 2026 Virtual Spring 2026 $832 Register
Mon 07 Dec 2026 Tue 08 Dec 2026 Virtual Summer 2026 $832 Register
Tue 12 Jan 2027 Wed 13 Jan 2027 Virtual Summer 2026 $832 Register
Wed 17 Feb 2027 Thu 18 Feb 2027 Virtual Summer 2026 $832 Register
Thu 04 Mar 2027 Fri 05 Mar 2027 Virtual Autumn 2027 $832 Register
Mon 08 Mar 2027 Tue 09 Mar 2027 Virtual Autumn 2027 $832 Register
Tue 16 Mar 2027 Wed 17 Mar 2027 Virtual Autumn 2027 $832 Register
Wed 09 Jun 2027 Thu 10 Jun 2027 Virtual Winter 2027 $832 Register
Thu 01 Jul 2027 Fri 02 Jul 2027 Virtual Winter 2027 $832 Register
Mon 19 Jul 2027 Tue 20 Jul 2027 Virtual Winter 2027 $832 Register
Tue 07 Sep 2027 Wed 08 Sep 2027 Virtual Spring 2027 $832 Register
Wed 29 Sep 2027 Thu 30 Sep 2027 Virtual Spring 2027 $832 Register
Thu 21 Oct 2027 Fri 22 Oct 2027 Virtual Spring 2027 $832 Register
Mon 06 Dec 2027 Tue 07 Dec 2027 Virtual Summer 2027 $832 Register
Tue 28 Dec 2027 Wed 29 Dec 2027 Virtual Summer 2027 $832 Register
Wed 19 Jan 2028 Thu 20 Jan 2028 Virtual Summer 2027 $832 Register
On-Campus training — face-to-face sessions at our training venues across Africa and beyond.
Showing all 492 sessions across 26 venues
Start End Venue Season Price Action
Tue 11 Aug 2026 Wed 12 Aug 2026 Abu Dhabi, UAE Winter 2026 $4,217 Register
Tue 11 Aug 2026 Wed 12 Aug 2026 Dubai, UAE Winter 2026 $4,217 Register
Tue 11 Aug 2026 Wed 12 Aug 2026 Mauritius Winter 2026 $2,813 Register
Thu 13 Aug 2026 Fri 14 Aug 2026 Durban, South Africa Winter 2026 $1,895 Register
Thu 13 Aug 2026 Fri 14 Aug 2026 Pretoria, South Africa Winter 2026 $1,247 Register
In-House training — we bring the trainer to your organisation, tailored to your team.
Start End Delivery Season Price Action
Tue 15 Sep 2026 Wed 16 Sep 2026 Your Premises Spring 2026 $1,080 Register
Wed 07 Oct 2026 Thu 08 Oct 2026 Your Premises Spring 2026 $1,080 Register
Thu 29 Oct 2026 Fri 30 Oct 2026 Your Premises Spring 2026 $1,080 Register
Tue 15 Dec 2026 Wed 16 Dec 2026 Your Premises Summer 2026 $1,080 Register
Wed 20 Jan 2027 Thu 21 Jan 2027 Your Premises Summer 2026 $1,080 Register
Thu 25 Feb 2027 Fri 26 Feb 2027 Your Premises Summer 2026 $1,080 Register
Mon 08 Mar 2027 Tue 09 Mar 2027 Your Premises Autumn 2027 $1,080 Register
Tue 16 Mar 2027 Wed 17 Mar 2027 Your Premises Autumn 2027 $1,080 Register
Wed 24 Mar 2027 Thu 25 Mar 2027 Your Premises Autumn 2027 $1,080 Register
Thu 17 Jun 2027 Fri 18 Jun 2027 Your Premises Winter 2027 $1,080 Register
Mon 05 Jul 2027 Tue 06 Jul 2027 Your Premises Winter 2027 $1,080 Register
Tue 27 Jul 2027 Wed 28 Jul 2027 Your Premises Winter 2027 $1,080 Register
Wed 15 Sep 2027 Thu 16 Sep 2027 Your Premises Spring 2027 $1,080 Register
Thu 07 Oct 2027 Fri 08 Oct 2027 Your Premises Spring 2027 $1,080 Register
Mon 25 Oct 2027 Tue 26 Oct 2027 Your Premises Spring 2027 $1,080 Register
Tue 14 Dec 2027 Wed 15 Dec 2027 Your Premises Summer 2027 $1,080 Register
Wed 05 Jan 2028 Thu 06 Jan 2028 Your Premises Summer 2027 $1,080 Register
Thu 27 Jan 2028 Fri 28 Jan 2028 Your Premises Summer 2027 $1,080 Register
Training Discounts
Delegates Discount
5 3% off
10 6% off
15 9% off
20 12% off
25 15% off
30 18% off
50 30% off
75 35% off
100 40% off

3% off per 5 delegates, up to 40% for 100+

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