The Rise of Errors and Omission Claims Against Brokers and why Broker PI Premiums are Soaring

Thursday, 02 July 2020
2:00 pm – 3:00 pm
    • Alan Chandler, Alan Chandler Training

CPD Technical Webinar

The Rise of Errors and Omission Claims Against Brokers and why Broker PI Premiums are Soaring

This webinar will take place at
2pm - 3pm on Thursday 2nd July 2020

A presentation by Alan Chandler,
who is one of the most popular insurance speakers in the UK

Overview:
Broker Professional Indemnity premiums are in many cases doubling which reflect the fact that Pi underwriters believe the possibility of claims against brokers has never been higher. This presentation will explore why the amount of errors and omission claims against brokers are on the increase and how these can potentially be mitigated.

Various new pieces of legislation including the brokers duty under the Insurance Act 2015, GDPR and the Insurance Distribution Directive are making brokers more vulnerable than ever, which coupled with increased litigation in society, increased client expectations and ever higher regulatory demands mean that brokers cannot continue to do what they have always done, far more proactivity is required.

Alan Chandler who is widely regarded as one of the leading trainers and presenters within the UK will provide a number of examples of how the tide of litigation is turning against insurance brokers and what they need to do to mitigate their E&O risks.
Learning Objectives:
By the end of this session, delegates will be able to:

• Understand why broker error and omission claims are increasing
• Understand how recent statutes are increasing the E&O risk
• Take positive action to mitigate these E&O risks


To Register To Take Part and to obtain a copy of the link to access the webinar, please contact Richard.yale@towergate.co.uk

CII accreditation:
This event has been accredited by the CII and can be included as part of your CII/Personal Finance Society CPD requirement should you consider it relevant to your professional development needs.

CPD: One hour

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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.