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