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Chartered Insurance Institute
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Intermediate contingency insurance - one day course
 

Overview

This informative course is designed to improve and enhance delegates' understanding of contingency insurance.

Programme

  • The types of contingency insurance availble and their traget markets including:
    • Non-appearance
    • Cancellation
    • Weather
    • Prize/promotion indemnity
    • Over redemption
    • Sports; incl. player bonuses
    • Film
  • Producers' indemnity
  • Completion guarantee
  • Recent claim examples
  • Ensuring the insured has the appropriate coverage
    • Choosing the correct limit of indemnity; splitting the limit of indemnity
    • Excluding or including profit
    • Ensuring period of insurance is adequate/flexible
    • Broadening the definition of perils
    • Disease vs. Illness
    • Expenses vs. Gross Revenue coverage
    • Coverage enhancements
    • Ancillary coverages
    • Typical policy warranties - what to watch for
    • Exclusions
    • Comparing and contrasting policy wordings
  • Underwriting considerations
    • Proposal forms
    • Medical questionnaires
  • Claims handling
  • Current market developments
  • Selling contingency insurance.

Learning outcomes

At the end of the course you will be able to:

  • Describe and target the different types of contingency insurance and which clients are most in need
  • Explain the key components of contingency insurance wordings
  • Design and place contingency insurance coverage to meet the needs of the client 
  • Compare and contrast different contingency insurance policy wordings
  • Assist clients and present underwriting information in order to get the best deal
  • Handle contingency insurance claims
  • Devise a sales strategy for selling contingency insurance.

Who should attend?

This course is suitable for account handlers and brokers dealing with clients who might have the need for contingency insurance and anyone who wants a broad understanding of what the Contingency insurance market offers. 

CPD hours

Attendance of this course awards up to 6 CPD hours where you consider it relevant to your professional development needs.

Book online

Regional venues sold out!

Scheduled regional dates for this course have now sold out, please keep checking the website for updates to availability. Dates are added subject to demand and can also be run in-house for corporate clients.

London venues sold out!

Scheduled London dates for this course have now sold out, please keep checking the website for updates to availability. Dates are added subject to demand and can also be run in-house for corporate clients.