Engineering Evaluation Based On Our Engineering Risk Premium Rates

Engineering insurance is the most effective and widely used measure of venture control in international engineering community because there are a variety of uncertain and complicated ventures during the construction of a large-scale project. While confirming the insurance scheme of the project, the main work of the insurance company is to confirm insurance premium rate. Usually the amount insured of the project is relatively high-priced, and the small changes of insurance premium rate can make the premium change greatly.Because of the construction project invested in large scale, and the long construction cycle, many kinds of interference factors, which influence the harmony of the whole engineering construction, can be distinguished in that. Moreover, the scale of insurance rate is dependent on the level of risk. This dissertation, by introducing the venture evaluation of the engineering insurance rate, aims to provide some references for the determination of insurance rate for a large-scale project. Based on intensive research and investigation, the dissertation tries to figure out the major ventures for the major constructions and its subdivision projects of a large-scale project.Among these interfering factors, there are some artificial risks, such as the credit risks, closely related with credit degree and behavior of party, from which can be prevented by restraining party's behavioral project. In addition, there are great majority of risks especially such as accidental event, random natural calamity that can be expected in advance. As to owner and even contractor, it is very difficult to avoid these risks although they do their best to keep them away. For example, builder casualties, third-party property damage and loss of life, material defect, political risk etc. It's only the engineering insurance that could make up for the loss which caused by these risks.