PENGEMBANGAN MODEL MANAJEMEN RISIKO UNTUK PENGADAAN ASURANSI CONTRACTOR'S ALL RISK (CAR)

• Main Author: Hidayat, Benny
• Format: Theses
• Language: Indonesia
• Subjects: Teknik (Rekayasa, enjinering dan kegiatan berkaitan)
• Online Access: https://digilib.itb.ac.id/gdl/view/5489
• Institution: Institut Teknologi Bandung

<b><i>Abstract :</b></i><p align=\"justify\"> <br /> In construction project, the two main parties involved have their own perspective and interest toward the implementation of the project. The Achievement of project\'s goal is strongly influenced or may depend on risk associated with the project. Car insurance, as one of risk transfer tools, offers some risks covers, which include some owner\'s risk. This actually has caused contractor to bear also the risk which has been allocated to owner according to FIDIC Contract Agreement. Thus the issue having premium sharing in procuring CAR insurance become important.<p align=\"justify\"> <br /> The objective of this research is to develop Risk Management Model for the procurement of Contractor\'s All Risk (CAR) insurance. The model basically is an integration of \'balanced\' risk allocation model, risk response model and CAR insurance\' risk coverage. In other word, the model aims to determine the magnitude of premium sharing that should be born by each party in procuring the insurance policy.<p align=\"justify\"> <br /> \'Balanced\' Risk Allocation Model developed during this research are based on the FIDIC Condition of Contract, risk allocation principles and industrial survey, and consists of 14 owner\'s risk, 12 mutual risk, 66 contractor\'s risk. Integration of the model to Munich Re CAR Insurance Coverage yields 22% owner\'s premium sharing for main & extended risk coverage and 18% for main risk coverage only. Meanwhile, owner\'s premium sharing in Developed CAR Insurance Model (Usman 1999) is 31% for main & extended risk coverage and 40% for main risk coverage only. The differences of premium sharing between two models are mainly caused by the number and the type of risk coverage. <br /> Finding of this research is expected to be utilized by two parties (owner & contractor) to determine the liability from each party In procuring CAR insurance. <br />