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.
Learning Objectives
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.
