Business Networking: Specific Project Professional Indemnity Insurance, Aug 18

When: Thu, Aug 18th 2011 5:30 pm to 8:30 pm
Where: New World Saigon Hotel, Ho Chi Minh City

Why is it Important to Project Principals?

Project principals rely on contractors to complete their work on time and to specification. When things go wrong with major construction projects, the ramifications can be severe in terms of business continuity, lost revenue and damage to reputation and relationships. Against this background it is important for project principals to be prepared for every contingency, which is why they need to focus on identifying and managing project risks.

Insurance plays a key role in the management of project risks and whilst historically in Asia much attention has been paid to insuring the project property, much more attention is now being given to insuring the legal liabilities associated with major projects. In particular, there is increasing focus on the professional liabilities of engineers, architects and other construction consultants and the importance of Specific Project Professional Indemnity Insurance (SPPI).

Please click this link to Register Online

Liberty International Underwriters is a leading global provider of insurance to the infrastructure and construction industry. In this upcoming AmCham presentation, their Senior Vice President of Specialty Casualty in the Asia Pacific Region, Richard Head, will address the following issues:

• What are the risks for project principals?
• How can professional liability risks be managed?
• How can professional liability risks be transferred?
• What does SPPI cover and not cover?
• What are the benefits of SPPI for project principals?
• Should project principals control the purchase of SPPI?

These and any other questions you may have about this relatively new, but increasingly important form of insurance, will be answered.


6:00pmWelcome & Introduction
.Presentation, followed by Q&A
7:00pmBusiness Networking
.with hors d’oeuvres, free flow beer, soft drink, water
8:30pmEvent ends


to be informed

Please click this link to Register Online

About Richard Head, Sr VP Liberty International

Richard Head, Liberty InsuranceRichard Head is the Senior Vice President of Liberty International Underwriter’s Specialty Casualty Division for the Asia-Pacific region. He is also their Regional Leader for North Asia based in Hong Kong.

The Specialty Casualty Division underwrites professional indemnity, director’s & officer’s liability and crime insurances for a wide range of customers from sole professionals to large multi-national organisations including financial institutions.

Richard is responsible for all aspects of the operation of that Division and is a regular industry presenter.

He holds a Bachelor of Commerce and Laws from the University of New South Wales and has previously practised as an insurance litigation solicitor and insurance broker.

About Liberty Insurance

Liberty Insurance logo 201px Liberty Insurance Limited is a 100% U.S. – owned general insurer and a member of Liberty Mutual Group. Liberty Mutual Group, founded in 1912, is a leading global insurer and one of the largest property and casualty insurers in the United States. Liberty Mutual Group ranks among the 100 largest corporations in the United States. Headquartered in Boston, Massachusetts, the Group employs over 45,000 people in more than 900 offices worldwide.

Liberty has had a presence in Vietnam since 2003 when Liberty Mutual Group opened its first representative office in Hanoi, and was awarded the investment license by the Vietnam Government during the November 2006 APEC meeting.

Liberty specializes in providing insurance solutions for individuals and small and medium enterprises (SME) at a fair price. Liberty’s most popular products are car insurance, truck insurance, health insurance, home insurance, travel insurance, personal accident insurance, and insurance packages for SME.

Liberty has been trusted by more and more customers because they are provided with superior products and services, and the company has also received wholehearted cooperation from its partners because of its professional business processes and advanced technological infrastructure.