Motor Trade -An overview of Motor Trade insurance and why rates will continue to increase
The presentation will provide a walk through all the main and varied covers for a Motor Trader and point out areas where brokers make mistakes when setting up these covers. There is a significant challenge for motor traders at present, the only way they can sell their vehicles is using unaccompanied demonstrations, which has been traditionally excluded by most policies!
The presentation will be delivered by Alan Chandler, one of the most popular insurance presenters in the UK.. Alan will explore the background as to why the motor trade market is hardening so badly and why rates will continue to rise. The presentation will also look into how a broker can help clients by getting motor traders to focus more on risk management. An overview of each area of motor trade cover is provided which will help broker and underwriter alike to gain a full grasp of each of the many sections available on a motor trade wording, with practical examples of where cover is often set up on a wrong way and how this can be avoided.
This webinar is appropriate for brokers, underwriters, claims staff and loss adjusters. Even if you are not actually involved with motor trade the presentation will still have relevance to anyone involved with broking, underwriting or dealing with claims on any high risk class of business.
Learning Objectives: Delegates will be able to:
- Understand why the Motor Trade market is hardening.
- Understand the main insurance covers for Motor Traders and how to avoid making mistakes when setting up covers.
- Understand why Motor Traders need to focus far more on risk management
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.