A plain English overview of Contractors Insurance
>> Event Overview
From small builder to plumbers through to large building firms there are an increasing number of contractors needing insurance often due to the fact that building firms now take on contractors rather than employees. These contractors need professional guidance on their insurance needs and this presentation will outline the main factors to be taken into account. As an example, would a small building firm really understand the difference between labour-only and Bona-fide sub-contractors, if they do not have a broker they are in big trouble as the Insurance Act 2015 says they must make a fair presentation of risk. Without help how do they do this?
The presentation, delivered by Alan Chandler one of the most popular insurance presenters in the UK, will look at the main insurance needs of a contractor. The webinar will include looking at contract works cover, understanding contractor liability cover including non-negligence cover, understanding the Business Interruption cover including understanding how to add fines and damages to the contractors’ policy and why current limits of indemnity are often not sufficient. The contractors sector will suffer badly from the hardening market and this presentation will look at how you can best get your clients’ needs correctly arranged.
>> Learning Objectives
At the end of this presentation delegates will be able to understand:
Contract works cover
Contractors liability cover including non-negligence
The Business interruption requirements including how to add fines and damages cover
Why the current limits of indemnity offered under contractors’ policies are often too low
>> More about our speaker
Alan is one of the most well known and popular presenters in the UK, delivering both technical and Acii examination presentations across both Europe and Asia.
Alan has undertaken operational management roles for three major global companies. NatWest Insurance Services, RBS Insurance Group and Allianz Insurance and has run underwriting, broking and claims functions, then 12 years ago he set up his own training and consultancy company, something that he had always longed to do due to his passion for training and professionalism.
He has gone onto train six of the individuals who have achieved the best ACII completion in the whole of the United Kingdom and many of the people he has trained have won national prizes across diverse subjects. He is one of the few individuals that can take someone from Certificate and train them all the way through to Acii with pass rates of almost 100%.
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.