Global Insurance - Introduction - Searchlight Insurance Training

Global Insurance – Introduction

Companies that expand overseas may need to consider arranging a global insurance programme.

This highly participative workshop looks at the cover provided by a global programme, issues and concepts of a global policy and the terminology used .

Although no specific global insurance knowledge is required, a good level of general property and liability knowledge is recommended.

Level: Introduction

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

Identify which types of customer could benefit from insurance arranged on a global basis

Describe the structure of a global policy

Describe the terms and concepts of global policies

Outline the main difference between workers’ compensation and employers’ liability

Outline the main differences between UK and US property/business interruption and liability programmes

Outline the main terms and concepts of arranging a global policy for EU countries

Outline how claims on global policies are dealt with

Consideration of :

Why companies buy global policies

What types of business benefit from buying a global programme?

The different structures of global programmes

The terms and concepts of global policies:
master policies
multi-nationals
local policies
admitted/non admitted
DIC/DIL
tax/ premium allocations
compulsory insurance

How UK and US policies and terminology differ

How pan European policies are arranged

The main considerations when dealing with global insurance claims