Commercial Theft Insurance - Introduction - Searchlight Insurance Training

Commercial Theft Insurance – Introduction

This one-day interactive workshop provides an excellent introduction to the principles of arranging Theft Insurance on commercial premises.

It will be suitable for staff working at technician/front line insurance level with less than 2 years experience in insurance.

The workshop will  explore  the concept of  theft  insurance, underwriting considerations, rating factors and security requirements.

Level: Introduction

Duration: 1 day(s) CII CPD Hours: 6
     

WORKSHOP OBJECTIVES

At the end of this workshop, delegates will be able to:

•Explain how theft cover operates on commercial premises

 •Describe the types of property covered

•List the main exclusions

•Explain which exclusions can be bought back

•List the underwriting factors used to assess a risk

•Explain  how different risks are rated

•Explain the minimum security requirements for a risk

WORKSHOP CONTENT

•Definition of Theft: Legal and Insurance related

•Property covered

•Standard policy cover

•Exclusions and buy-backs

•Underwriting the risk

•Rating, including First Loss

•Security and surveys

•Testing (optional)