Risk Management And Engineering Insurance Of Breakwater Construction

As one kind of civil engineering construction, breakwater construction faces all kinds of risk that exist in most civil engineers. But different from other civil engineerings, the ocean circumstance which breakwater stand in during construction period, the relative weakness of the breakwater in construction, etc. make breakwater face more danger than other civil engineerings do. So, studying on risk management of breakwater is studied in this paper.Risk management is a systemic subject, which contains four steps: risk distinguishing, risk estimating, risk evaluating and risk treatment. Theories, methods, applicability and applications in practical risk management of breakwater construction are introduced in the paper. How dynamic management technique is applied to reduce accidents in risk management is explained with a practical case. Risk distinguishing, risk estimating and risk evaluating all aim at one target, reducing risk cost by risk treatment. Risk treatment commonly contains six ways: risk evading, risk controlling, risk reservation, risk transfer, risk decentralization, risk information investment. Those should be applied neatly through practical state in engineering.Engineering insurance takes more and more important role in risk management field. How engineering insurance advanced engineering more steady to resist risk, engineering insurance productions and applications, laws about engineering insurance are studied in this paper. Insuring against and paying for risks in breakwater construction are also introduced in the paper.The way to make insurance rate on breakwater construction is a difficult problem to both breakwater construction scholars and engineering insurance scholars. This paper builds a model to simulate the loss in the whole course of breakwater construction. Monte-Carlo solution is used to get the loss expectation on controlling risk factors. Through the loss expectation, the pure insurance rate and the commercial insurance rate can be made out.A real Case is used to demonstrate insure, construction, suffering loss, claim for compensation, the third party estimate and transacting compensation in engineering insurance operation. Finally, the main work in this paper and the expectation on the field connected with this paper are summarized.