How to set the correct property sums insured
>> Event Overview
It is estimated that 90% of policies have incorrect sums insured! This one hour 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.
The webinar, delivered by Alan Chandler one of the UK's most popular insurance presenters, will look at what clients actually need to take into account when settling Buildings, Contents and Stock sums insured. Alan will explore why under insurance is so common, the effects of under insurance for the client and why under insurance is an increasing cause of Professional Indemnity claims against brokers. One of the problems is that the figures on the clients balance sheet are not the same as those required for insurance purposes and Alan will point out the differences so that clients can be warned.
The presentation will examine Vat implications and look at common areas of misunderstanding including hard standing areas; and will be delivered in Alan's plain English style.
This webinar will be relevant for brokers, insurer staff and loss adjusters.
>> Learning Objectives
Delegates will be able to understand:
- What needs to be taken into account in respect of Buildings, Contents and Stock Sums Insured
Why there is a difference between the figures for accounting purposes and the figures for insurance purposes
The effects of under insurance for clients and how to aid them in mitigating their exposure to under insurance
>> More about our speaker
Alan has been an operations and project manager in three large global companies . NatWest insurance services , Royal Bank of Scotland insurance group and Allianz.
In the last ten years running his own training company he has taken more than 2.000 people to Acii including six people who have achieved the top ACII pass rate in the whole of the UK. He has trained national prize winners in almost all CII subjects, has been a CII examiner and has a pass rate of 96% in cii training
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.