Page 229 - BASIC GUIDELINE FOR QS

Quantity Surveying: Guideline for Quantity Surveyor Chapter 6

6.18.5 Summary of Types of Insurance

No Types Scope Period Amount
1 Insurance of 1. Work The date of 1. Contract sum
Work 2. Building materials possession of site 2. Professional
3. Professional fees until the fees
4. The cost of cleaning completion the 3. The cost of
debris from a disaster works cleaning
debris from a
disaster
2 Public Liability 1. Injuries are from and / or The date of Limitation of
Insurance civilian deaths possession of site liability
2. Damage to public until the expiry of depending on
property the defects liability the contract
+14 days +3 price
months
3 Contractor’s All items in 1 & 2 above The date of All items in 1 &
all risks (CAR) possession of site 2 above
until the expiry of
the defects +14
days +3 months
4 Worker's Injuries, deaths of The date of 10% of the
compensation contractors and sub- possession of site Contract Sum
insurance contractors pay over RM until the expiry of
3000.00 a month the defects +14
days +3 months

5 SOCSO Injury / Death employees of 1. Not depend on 1. Not depend
contractors & sub- the project on the
contractors earning wages 2. During the project
not exceeding RM 3000.00 period of 2. Contribute
per month employment the amount
and contribute specified by
SOCSO

Workmen’s compensation insurance is no longer required by the latest regulations
Public Work Departments

Table 6.13 : Summary of Types of Insurance

218