How to Set the Correct Commercial Property Sums Insured
It is estimated that 90% of policies have incorrect sums insured!
This presentation looks at the major issue of under insurance in the UK property market and how to help your clients avoiding the under-insurance trap.
Learning objectives
Delegates will be able to:
- Understand what needs to be taken into account in respect of Buildings, Contents and Stock Sums Insured
- Understand why there is a difference between the figures for accounting purposes and the figures for insurance purposes
- Understand the effects of under insurance for clients and how to aid them in mitigating their exposure to under insurance
Speaker overview
The webinar, presented by Alan Chandler, one of the most popular presenters in the UK, explores the problems posed by a claims made wording and the difficulty clients have going into retirement without adequate run off cover. The presentation also looks at ensuring the correct limits of indemnity are set.
Venue
CII Accredited
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.