2020 How to advise policyholders on the policy coverage gaps caused by Covid-19 17:00 Repeat

Webinar
Monday, 27 April 2020
5:00 pm – 6:00 pm
    • Alan, Director

A MUST FOR ALL BROKING STAFF

WEBINAR

Monday 27th April 2020 13.00 - 14.00

About the session

The Covid-19 lockdown has created far more gaps in covers than most brokers realise, and this webinar takes a look at where these coverage gaps arise and how best to advise your clients on these issues.

Alan Chandler, who has recently delivered the very well received Bi and Covid-19 will be providing this webinar on the essential things a broker must take into account, these will include his top ten tips which if followed will mean broking staff will be very busy.

Topics covered are:

  • Many policies do not cover equipment whilst in employees home - are you sure your client has the right cover?
  • What should you inform your policyholders about the potential new EL and PL risks that arise whilst employees are at home, and what is the coverage position on furloughing?
  • Why a broker needs to be very careful about which insurer they place coverage with going forward, particularly in relation to declarations.
  • There is a significantly increased D&O and Employment Practices exposure - these covers have never been more important, how well are you advising clients on their increased exposure?
  • The cyber risk has increased dramatically - are you informing your clients of the critical need for cyber cover?
  • Why it has never been more important to get your clients onto a declaration linked basis for Bi - this is much more than the uplift in coverage
  • What is the contract law position on payment holidays?
  • Will the unoccupancy period invalidate part or all of your clients cover?
  • Should the client be thinking of going onto laid up cover for part of their fleet coverage?
  • What is the position of the Insurance Act 2015 on changes policyholders are having to make to their business?

Just like the Bi and Covid-19 presentation, this webinar will last around 40 minutes giving a good twenty minutes for institute members to raise the many questions that are being asked at the moment around coverage.

Whilst this webinar is aimed primarily at brokers it will also be essential listening for underwriters, claims staff, loss adjusters and indeed IFA's as these matters will affect their own policies.

Learning Outcomes

Delegates will be able to:

  • Understand the correct position on contents at home coverage under a commercial policy.
  • Understand the position on EL/PL coverage as it relates to the Covid-19 lockdown.
  • Understand the increased D&O and cyber exposure caused by the Covid-19 lockdown.
  • Understand the legal position on payment holidays.
  • Understand the advantage of being on a declaration linked Bi policy.
  • Understand how unoccupancy could affect policy coverage.
  • Understand how the Insurance act 2015 applies to the Covid-19 lockdown.

The Trainer

Alan has undertaken operational management roles in three major global companies - NatWest Insurance Services, RBS Insurance Group and Allianz Insurance.

He has run underwriting, broking and claims functions. Fourteen years ago, he set up his own training and consultancy company, something that he had always longed to do as he is passionate about training.

Since then he has trained over two thousand people to become ACII qualified including six individuals who have achieved the best ACII completion in the whole of the United Kingdom.

Alan is widely regarded as one of the top trainers and presenters in the UK insurance market, he has spoken at almost all the UK insurance institutes and delivers successful training programmes throughout Europe.

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.