A plain English overview of understanding an insurance policy wording
This webinar, presented by Alan Chandler, one of the most popular presenters in the UK, looks to provide a plain English walk through of what makes up an insurance policy wording.
One of the learnings of the 2020 Bi and Covid-19 court battles is the fact that you ignore the construction of policy wordings at your peril.
All brokers, underwriters and claims staff should have a good grasp of the component parts of an insurance policy wording and this presentation will provide this understanding.
Delegates will be able to understand:
How policy wordings are set up and what contract law takes into account in respect of the interpretation of wordings.
How the law views insurance policy exclusions, conditions and warranties.
How the Consumer Rights Act and Unfair Contract Terms Act respond in respect of exclusions, conditions and warranties.
What is the difference between joint and composite insured and why an underwriter has to be careful covering the latter.
The different options to consider in respect of contribution conditions.
How to use policy wordings to control exposure.
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