ABSTRACT
The insurance provisions of SB11 have their origin in the Joint Contracts Tribunal (JCT) 1963 form of contract which became, with slight modification, the provisions of JCT 1980. The core insurance provisions of SB11 that are addressed in this chapter are in materially the same terms as the JCT Intermediate Building Contract 2011 (IC11), the JCT Design and Build Contract 2011 (DB11), and the JCT Management Contract 2011, and to a lesser extent the JCT Minor Works Contract 2011 (MW11). The amounts expended by the Contractor to take out and maintain the insurance referred to in clause 6.5.1 shall be added to the Contract Sum. Clause 6.8 contains definitions of all risks insurance, excepted risks, joint names policy, specified perils and terrorism cover. Under option A, where the insurance for new buildings has to be taken out by the contractor, the contractor's only source of remuneration for restoring the damage to the works is the insurance money.
