Introduction to Professional Indemnity Insurance
This interactive course is designed to develop knowledge and skills in this specialist topic. The course provides expert insight and builds in real life examples and practical application to bring the subject to life wherever possible. The duration of each course is typically one day, but this can be tailored to the needs of your group.This course provides an overview and an update of professional Indemnity Insurance from a broking perspective.
Who should attend?
All insurance staff, from brokers or other intermediaries, through to those involved in underwriting, claims, insurance programme design or placement, risk managers, sales or administration. Also lawyers and other professionals whose work brings them into contact with the business of insurance.
Summary
Duration: 1 day
No of attendees: 12-16
Format: Online - Virtual delivery
CPD: Recognised
Topics Covered
The course takes a practical and thought provoking look at:
- The duty of care owed by Professionals – legal liability and breach of contract
- Examples of professional negligence claims
Professional Indemnity and Errors and Omissions Policy – Key Elements of Cover - The proposal and underwriting process – how an Underwriter uses the details provided to rate the risk
- The claims process, including incident reporting and PI protocols
Learning outcomes
By the end of the workshop, participants will be able to:
- Describe what types of organisation have a professional liability exposure and require professional indemnity insurance
- Outline recent examples of professional indemnity claims
- Describe the principal reasons why professionals or service companies should buy professional indemnity insurance
- Explain the coverage provided by a professional indemnity insurance policy
- Explain how professional indemnity coverage fits with other liability coverages and identify areas where there may be an overlap in cover
- Outline the principal underwriting and pricing considerations which apply to professional indemnity insurance particularly focussing on
- Outline recent changes in the professional indemnity insurance market
- Explain the important points to remember when dealing with a professional indemnity claim
To discuss this course or your learning needs
Your CII Relationship Manager would be delighted to explore your learning needs and can draw on the expertise within the CII Learning Solutions team to support you further.
Please speak with your Relationship manager in the first instance or contact business.enquiries@cii.co.uk for more information.