Small Commercial Insurance Packages - Introduction - Searchlight Insurance Training

Small Commercial Insurance Packages – Introduction

This one day interactive workshop offers an excellent introduction to placing Commercial Packaged cover but who are looking to add to this knowledge.

It provides a structured overview of the subject which will act as either a learning opportunity for those less experienced or a refresher for the more experienced.

Level: Introduction

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

WORKSHOP OBJECTIVES

• demonstrate an understanding of the benefits of a package policy approach and for which types of customer it is suitable

• understand the development of packaged commercial insurances

• understand the basic features and scope of packaged commercial insurances and associated services

• know how packaged commercial insurances are arranged

• understand underwriting procedures and policy wordings

• understand mid-term policy amendments, renewals and cancellation

• understand the main issues relating to claims handling

WORKSHOP CONTENT

• Risks encountered by SME commercial organisations

• Commercial Packages v Individual Policies

• The ways in which packaged policies have developed and the reasons for the continuing development of packaged policies

• The basic features and scope of policy cover of packaged policies

• The basic features and scope of non-insurance services available (eg helplines, authorised repairers/suppliers, risk control/advice)

• The marketplace: how customers search for cover and the means by which packaged and scheme arrangements are promoted and sold

• Underwriting procedures, policy wordings and schemes

• Mid-term policy amendments, renewals and cancellation

• Claims: Notification and Investigation, Settlement, Fraudulent Claims