A Study On The Risk Control Of Construction Enginnering Project After Insuring Contractor's All Risks

In recent years, the construction industry is developing rapidly as a pillar industry of the national economy, and the construction process is the process of dealing with various risks. As an effective method of risk transformation, engineering insurance is getting more and more important.It is very significant that not only the project can be compensated through a smaller premium, but also the level of the insured's risk management can be improved after the insurance companies involved in risk management.Engineering insurance is used to response natural disasters and accidents. The insured who bought the engineering insurance is designed to get claim in case of accident. The question is: the insured has always been weak due to limited ability on the the contract of the engineering insurance. The insurance companies should help the insured through the whole contract period. The question is: the insurance company is lack of this concept in the real life. The two aspects contribute to the direct source of defects of the project risk management, therefore, solving the above problems is to carry out the role of insurance risk management.The paper describes the history changes and developments of engineering insurance in the home and abroad, analyzes the situation of engineering insurance in risk control, and foresaws the future development of the insurance by the relationship between the construction industry and engineering insurance. As the construction industry had a positive affect on insurance, when China increases the investment in infrastructure, there woule be huge potential for the development of engineering insurance. If the construction companies want to have an increasingly competitive ability, they must improve its ability to use the insurance. The author just chooses Contractor's All Risks as the carrier to study its characteristics, introduces the scope of third party liability, and compares the clauses of the Chinese and foreign insurance, and then analyzes the controversies of the insurance. The paper divides the risk management process into four parts, such as risk management organization, risk identification, disaster prevention impairment and claims. And then the paper introduces how to identify the insured risk of the external control problems and build the risk control external coordination mechanism. At last, the paper takes Yulong Road of Chongqing as an example, and makes empirical study on risk control mechanism after Insuring Contractor's all risks.