Target Audience
Directors, Admin Mangers, Finance Managers, Project and Operations Managers and Logistics Officers. Programme Standards
- Maximum 6 attendees - 30 days of one to one support - Handouts - Programme director/s with at least a Masters Degree in the subject - Convenient morning timings or in-house at any time for a minimum of two bookings - Can be configured to address a number of professions and industry sectors Price
EUR248 ex VAT per participant. |
Insurance Law Workshop
By covering these key topics, the workshop can provide business managers with a comprehensive understanding of how insurance contracts function, enabling them to make informed decisions regarding risk management, insurance coverage, and contract negotiations within their organisations. Topics Covered
1. Fundamentals of Insurance Contracts: - Understanding the basic principles underlying insurance contracts, including utmost good faith, insurable interest, indemnity, and contribution. - Overview of the legal framework governing insurance contracts, including contract formation, interpretation, and enforceability. - Examination of the key components of an insurance contract, such as policy terms, coverage limits, exclusions, and conditions. 2. Types of Insurance Policies: - Overview of various types of insurance policies commonly used in business settings, including property insurance, liability insurance, business interruption insurance, and workers' compensation insurance. - Comparison of different insurance products, such as commercial general liability (CGL) policies, directors and officers (D&O) liability insurance, and professional liability insurance. - Discussion of specialized insurance coverages tailored to specific industries or risks, such as cyber insurance, marine insurance, and product liability insurance. 3. Insurance Contract Lifecycle: - Step-by-step overview of the insurance contract lifecycle, from the initial application and underwriting process to policy issuance, premium payments, and claims handling. - Explanation of the roles and responsibilities of insurers, insureds, brokers, and underwriters throughout the lifecycle of an insurance contract. - Best practices for managing insurance renewals, endorsements, and cancellations, including strategies for negotiating coverage enhancements and minimizing gaps in coverage. 4. Risk Management and Insurance Strategies: - Integration of insurance into broader risk management strategies to mitigate business risks and protect assets. - Identification and assessment of insurable risks faced by businesses, including property damage, liability exposures, operational risks, and strategic risks. - Consideration of alternative risk financing options, such as self-insurance, captive insurance, and risk pooling arrangements. - Case studies and examples illustrating how insurance can be used effectively to manage specific risks and support business objectives. |