PL/Products -Financial Loss - Advanced - Searchlight Insurance Training

PL/Products -Financial Loss – Advanced

Workshop is aimed at more experienced insurance practitioners who have several years’ experience at dealing with liability cover. The interactive workshop examines the current issues with the various forms of financial loss cover available in the liability market and the issues to consider for those clients that might need the cover. A good knowledge of public and products liability is recommended.

Level: Advanced

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

By the end of this workshop delegates will be able to:

  • Understand the different operative clauses found in public/products liability and how they apply to financial loss
  • Understand the need for financial loss cover and the different businesses that need to consider buying it
  • Understand how standard financial loss exclusions apply in PL/Products policies
  • Understand the various options for buying financial loss extensions and the different wordings that are available
  • Brief refresh on liability insurance policy cover – standard public liability/products covers, exclusions and extensions, PI v products liability
  • What is ‘financial loss’ and how does liability for it arise?
  • What cover for financial loss is there under a PL/Prods policy?
  • Financial loss cover – insuring clause and how it affects the extent of cover provided/needed
  • Explanation of various financial loss exclusions, their importance and issues to consider including contractual liability exclusions
  • Cover for financial loss – different types of financial loss cover found, various wordings available and their implications