Professional Indemnity Insurance - Intermediate - Searchlight Insurance Training

Professional Indemnity Insurance – Intermediate

This workshop is suitable for those with several years’ experience of working with Professional Indemnity insurance and looking to learn more.

The workshop will be highly interactive and will include a series of exercises and case studies to reinforce the learning.

Level: Intermediate

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

WORKSHOP OBJECTIVES

•Explain how tortuous and contractual liabilities co-exist and how they may differ in their application

•Evaluate the major exposures of different professionals and explain the major differences in coverage offered to them

•Explain recent legal developments impacting on the liability of professionals

•Detail the cover provided by a typical design and build policy

•Detail the underwriting process and explain the principle underwriting considerations

•Examine what processes professionals could use to manage their risk

 

WORKSHOP CONTENT

•A recap on the duty of care owed by professionals followed by consideration of some of the standards of care applied

•Employees’ personal duty of care

•Comparison of tort and contractual liability – how they co-exist, limitation periods etc.

•Risk assessment exercise applicable to accountants, solicitors, surveyors or IT consultants

•Policy wording comparison

•Factors to be considered when underwriting the professional indemnity risk

•Managing the professional indemnity risk

•Testing (optional)