Are the JCT insurance clauses adequate?
JCT contracts contain detailed provisions for property and liability insurance. In particular, there are three options relating to insurance of the building works, depending upon who is to take on the responsibility for taking out insurance. One criticism of the JCT insurance provisions generally is that they are unnecessarily long, especially when compared with similar provisions in for example, NEC 3. The most recent edition, JCT 2005, has to some extent addressed this point. Generic amendments to the JCT insurance provisions are not essential, however, discreet changes may be required depending on the nature of the project (for example, amending the definition of joint names insurance policy to include funders, or to reconcile the standard provisions with a project insurance policy).
