Construction Security Accidents Analysis And Construction Insurance Types Choosing Study

Since2001, China’s construction industry indicators have kept sustained and stablegrowing, the average annual growth rate of the construction industry total output valueis more than22%. The ratio which the added value of construction industry output valueaccounted for the proportion of the added value of GDP per year is at6%stably. So tospeak, the construction industry has become the backbone of pulling GDP growth.However, the problem of security accidents has been increasingly revealed. In2005, thesocial economic loss caused by construction safety accidents is above of150billionRMB, which is about1.4%of China’s total GDP. The Construction enterprises seriouslyneed risk management methods to restore the loss. Construction Insurance is aneffective risk transfer. But facing to Construction Insurance various types of insurance,it’s a difficult problem that how to choose. One hand, it needs that insurance coverageall the risks required to be insured to transfer, the other hand, it needs that insurance costhas maximum utility. The paper will research on choosing types of ConstructionInsurance.The paper is standing in the angle of the construction enterprise. Departure fromthe analysis of security incidents, the cause of the security accidents is analyzed. Byway of example, quantitatively discuss the loss of security incidents on the impact of theconstruction project, and propose three kinds of risk management measures, and theConstruction Insurance is a wide and effective risk transfer methods. The paperdescribes the elements and the significance of safety incident management theConstruction Insurance, and discusses the Construction Insurance types classification,that provide theoretical basis to solve the problem. During the researching on insurancetypes choosing, The methods including literature summary, expert consultation, andhypothesis testing are used for the construction enterprises to provide reasonableinsurance types choosing program. Analyze the risks to be faced in the project, risksprobability and the amount of risks. Select the lowest insurance risk in a variety of riskmanagement measures and insure the corresponding insurance of the ConstructionInsurance. Combining with the enterprise strength and technical maturity in the specifictypes of construction, choose the rate of the major types of insurance. When choose therate of the major types of insurance, the enterprises strength and technical maturity inthe specific types of construction should be divided into I, II, III level."I" means it needs get a low rate insurance type;"II" means it needs get a middle rate insurance type;"III" means it needs get a high rate insurance type. And Paper gives a degree oftechnical indicators of I/II/III level. By reasonable insurance types choosing, it canmake enterprises insurance coverage to cover all the risks that must be insured, andreduce the risk of security accidents loss, and make the insurance cost to maximizeutility.