CPD Webinar Presentation Thursday 20 August 2020 - Business Interruption Insurance - all you need to know, explained in plain English
Following the Arbory case, brokers are highly vulnerable to professional Indemnity claims due to inappropriate advice around BI insurance. One of the problems is that an accountants Gross Profit is different from insurance Gross Profit and policies could easily be set up incorrectly unless this distinction is understood. This webinar will help you get this right.
Alan will take this opportunity to run through how business interruption insurance should be correctly set up. Alan will lift the myths away from Bi and show how, in his easy to understand style, you can get this cover on a correct footing going forward.
This presentation will be applicable for brokers, underwriters, claims staff and loss adjusters.
Thu 20 Aug 4:00 pm – 5:00 pm
Alan Chandler,
CPD Webinar Presentation Tuesday 22 September 2020 Manage your Fear and turn up with Confidence
Tue 22 Sep 12:00 pm – 1:00 pm
Susan Heaton-Wright, Virtual Impact, communicaitons & Speaking Expert, Speaker, Coach, Mentor,
FCA Test Case - the judgement
FCA Business Interruption Test Case - the judgement
This comprehensive and interactive one-hour webinar will focus on the judgement following the FCA’s ground-breaking test case at the High Court. The hearing concluded on 30 July and the judges have agreed to hand down their judgement for mid September. Eight days have been spent analysing countless policy wordings and individual words and their everyday meanings.
The FCA consider some 370,000 insureds have had payments denied as insurers have interpreted wordings only to suit themselves and each of the eight insurers’ counsel has presented evidence and argument as to why their interpretation is correct and why the FCA has got this wrong. This case will be momentous and will set clear precedent as to the clarity of wordings and what needs to happen to ensure future cover is clear and understood by all parties.
At the same time it will highlight the exposure for insurance brokers all of whom will have arranged these covers for clients (and some will be classed as co-manufacturers under PROD) and encourage them to robustly reassess their advice process under ICOBS and their overriding professional duty to clients thus ensuring their own professional indemnity costs remain reasonable (clearly not knowing how the case will go at this stage!).
Wed 30 Sep 2:00 pm – 3:00 pm
Branko Bjelobaba FCII, MIoD,
Forthcoming events
Save the date! CPD Presentation Tuesday 19 January 2021. A presentation by Bernard Thornton FCII Chartered Insurance Practitioner
Tue 19 Jan. 2021 6:00 pm
Novotel York
Save the date! CPD Presentation Tuesday 23 February 2021
Tue 23 Feb. 2021 6:00 pm
Novotel York
Save the date! CPD Presentation Tuesday 16 March 2021
Tue 16 Mar. 2021 6:00 pm
Novotel York
President's Message
The Insurance Charities Golf Day
Due to the current uncertainty around events and gatherings, the Insurance Charities has taken the difficult decision to cancel this year’s annual golf tournament.
However, they are pleased to announce that a new date is scheduled for next year on Wednesday 15th September. Once again they will be returning to The Warwickshire Golf & Country Club in Leek Wootton.
If you would like to reserve a place as a team (four-ball) or individual please get in touch.
If you are interested in sponsorship or donating a raffle prize please contact their Marketing Manager Victoria to discuss.
www.theinsurancecharities.org.uk
Tel: 020 7606 3763
Thu 6 Aug. 2020
Webinar - CPD Presentation "How to set the correct property sums insured
It is estimated that 90% of policies have incorrect sums insured!
This presentation looks at the major issue of under insurance in the UK property market and how to help your clients avoiding the under-insurance trap. The webinar will look at what clients actually need to take into when settling Buildings, Contents and Stock sums insured.
Alan Chandler will explore why under insurance is so common, the effects of under insurance for the client and why under insurance is an increasing cause of Professional Indemnity claims against brokers. One of the problems is that the figures on the client’s balance sheet are not the same as those required for insurance purposes and Alan will point out the differences so that clients can be warned.
Tue 28 Jul 4:00 pm – 5:00 pm
Alan Chandler,
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