CPD Webinar Presentation Thursday 21 May 2020 - How to correctly advise policyholders on the Policy coverage gaps caused by the Covid-19 lockdown

Thursday, 21 May 2020
3:00 pm – 4:00 pm (UK time)
    • Alan Chandler

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?

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

To Take Part and obtain a copy of the link contact Veronica Wilkinson at veronica.wilkinson@live.co.uk or 01904 656104

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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.