Search our site

Commercial Packages Insurance – Principles and Cover

Level:Introduction Duration:1 Day CII CPD Hours:6

This participative commercial packages insurance training workshop provides an introduction to commercial package insurances.

Starting with the basic principles of insurance, it goes on to provide an overview of the cover provided under a typical commercial insurance package.

Underwriting considerations and information gathering is explored, in broad terms and features identified to recommend additional covers

Our commercial packages insurance training workshop is ideal for those new to package products or practitioners wishing to consolidate existing knowledge.

  • After attending this workshop, delegates will be able to:
    • Outline the key principles of insurance
    • Describe the format of a typical insurance policy
    • Outline the policy cover of the major classes of commercial business
    • Outline typical exclusions and conditions associated with commercial package business
    • Describe the factors involved in assessing package risks
    • Identify situations where client’s may need additional insurance covers.
  • Workshop content includes:
    • Principles of insurance
      • Utmost good faith
      • Insurable interest
      • Material Facts
      • Proximate cause
      • Indemnity/Subrogation/Contribution
      • Average
    • Policy structure
      • Operative clause
      • Exclusions
      • Warranties and conditions
    • Major covers overview – Property Damage, Business Interruption, Money, and Liability (EL, PL, Products)
    • Optional covers overview – Computers, Goods in Transit, Fidelity Guarantee and Legal Expenses
    • Main policy conditions/exclusions
    • Underwriting considerations and information requirements
    • Cross selling opportunities.

    Enquire about course availability

    Contact Us

    +44 (0) 1372 361177