Technical Insurance Knowledge and Skills

Marine Cargo & Goods in Transit Insurance - Intermediate (BROKER ACADEMY)

This workshop will explore, in more depth, marine cargo and goods in transit insurance. The typical marine cargo and goods in transit cover, terms, conditions and exclusions will be considered in more detail.

It will be an interactive workshop suitable for those who have some knowledge and experience of marine cargo and goods in transit insurance

WORKSHOP OBJECTIVES

• Demonstrate an understanding of marine and overland transit risks

• Appreciate the effect of legislation and statute, particularly the Marine Insurance Act

• Assess the differences and implications of the Institute Cargo and other clauses

• Demonstrate an understanding of the International Commercial Terms of Trade (INCO)

• Appreciate the implications of general average

• Decide on the suitability and availability of the additional covers available

• Be aware of the correct claims procedures

WORKSHOP CONTENT

• Reasons why marine/goods in transit insurance is purchased

• The factors involved in the assessment of risk

• The principles and application of underwriting

• The different cover levels available

• The main conditions, exclusions,restrictions and extensions

• The factors involved in the risk management

• The principles of claims notification, processing and settlement

Duration: 1 day(s).  Level: Intermediate

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