The risks associated with lithium batteries

Lithium-ion batteries were first mass-produced in the early 1990s, and they are performing a key role in the move away from reliance upon fossil fuels. However, using lithium to store energy presents a new set of risks to property underwriters.

This session is designed to draw the underwriter’s and broker’s attention to these risks and why rating and wording alterations may be needed to counter this growing problem.

• What is lithium and why is it an efficient medium to store energy
• What properties of lithium pose hazards
• Uses of lithium-ion batteries
• Good practice for users
• Potential underwriting measures

Objectives:

• Under stand what lithium is and why it poses such a growing risk for property underwriters
• Be aware of the uses of lithium batteries
• Know how underwriters can counter the risks presented by lithium batteries

Nick Thomas & Associates

Nick Thomas & Associates deliver up to the minute training and coaching solutions designed to address the challenges of the modern professional. They have particular expertise in the insurance sector with clients including major Insurers, independent Brokers, Broker networks, MGAs, Mutuals and Recruitment companies.

Associates are selected for their strong industry background and credibility, allied to first class training skills.

All training programmes are designed specifically to align to client needs and delivery overseen by Nick Thomas.

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