This one-day workshop comprises several interactive sessions focussing on key case studies that reveal how claims can arise and how the policy cover operates.
The importance of policy wording is explained, and insight into obtaining relevant information and prospecting opportunities is explored.
- Who is insured by the policy
- A director’s duties arising out of common law and statute
- The differences between personal and entity covers
- The links to and differences from employers’ liability insurance
- How directors and senior managers owe a duty of care to others
- Principle areas of cover found under a policy
- The impact of a claims-made wording
- Important definitions found within the policy
- Why cover is needed for trustees and charities
- Application of exclusions to the policy cover
- How information is collected and how insurers interpret this
- The benefits of directors’ and officers’ cover
- How the underwriting process works
- An explanation of extensions commonly found in the market
- The impact of limits of liability, deductibles and how costs arising are covered
- Employment practices cover
- How to distinguish between an attractive and an undesirable risk
- Issues around a range of trades by examining a cross-section of claims
MethodologyAt all points in the course, explanations are supported by appropriate case law and statute. Workbooks and supplementary materials are provided.