Professional Indemnity Insurance
Professional Indemnity Insurance
07th November, 2017
Harare, Zimbabwe
OverviewOutlineCourse LeaderRegisterFee & VenueContact
About the COURSE
The African market for professional indemnity insurance has been expanding quite rapidly and strongly with over 40% of the total market value being generated by smaller professional enterprises and new business representing a very significant proportion of the total market. The rapid augmentation of the African PII market is the result of an increased number of Insurance agencies and new companies entering the insurance market fray and making the market competition fiercer with each company competing to rise above its peers and gain sustained leadership.
Analyzing the current market state and associated trends, the global insurance marketplace appears to be heading in the general direction of soft pricing, reflecting insurer capacity, competition, and relatively low catastrophe losses. However, industry developments, including recent earnings announcements, executive leadership changes, and re-underwriting at several companies, would bear watching. Macro dynamics, such as global economic, political, regulatory, technological, and environmental developments, will also continue to affect the industry throughout the year.
The Professional Indemnity Insurance course is intended to highlight methods to calculate professional Indemnity Insurance, types and benefits of Professional Indemnity Insurance, in-depth analysis of professions might consider professional indemnity insurance, management of the Professional Indemnity risk, and factors to be considered when underwriting the Professional Indemnity risk.
Introduction to Professional Indemnity Insurance
- What is professional indemnity insurance?
- The key terms of a typical PII policy
- How professional liability arises?
- What does professional indemnity insurance cover?
- What will professional indemnity insurance not cover?
- Why get PI cover?
- Why need Professional Indemnity Insurance?
- How much does professional indemnity insurance cost?
Methods to calculate professional Indemnity Insurance
Types of Professional Indemnity Insurance
- Negligent act, error or omission
- Breach of duty
- Civil liability
How does Professional Indemnity Insurance work?
- Protections against?
- Two types of financial loss protected by PII
Benefits of Professional Indemnity Insurance
- Automatic Acquisition
- Joint Ventures
- Loss of Documents
- Mitigation of Loss (Architects, Construction, Engineers, Media and Technology only)
- How not to get Bankrupt?
- To learn about legal costs associated with defending a negligence claim
- To be aware of how to Cover the cost of fixing mistakes
Issues under Professional Indemnity Insurance (PII)
- The state of the market
- Further developments in policy wordings
- Emerging issues facing the market
- Developments in individual professions–regulation and coverage
- Significant legal decisions which are impacting on the professions’ exposures
- Developments in international markets
Topics to be deliberated at the time of this course:-
- What kind of professions might consider professional indemnity insurance? What types of professional can be covered under Professional Indemnity Insurance?
- Discussion of the factors to be considered when underwriting the Professional Indemnity risk
- Type of Events that need to be covered under Professional Insurance
- How to Manage the Professional Indemnity risk?
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Professional Indemnity Insurance
Regular: $599
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| Courses | 1 Course |
| Register | |
Register 3 Send 4th One Free
Register 3 Send 4th One Free Any organization wishing to send multiple attendees to this course may send 1 FREE for every 3 participants registered. Please note that all the 3 participants must register at the same time to avail this benefit.
Registration Fee
Usual Price: $599
Register 3 Send 4th One Free Any organization wishing to send multiple attendees to this course may send 1 FREE for every 3 delegates registered. Please note that all the 3 participants must register at the same time to avail this benefit.
Note: All payments are made in USD.
Registration fee only covers cost of all sessions, luncheon, coffee/tea & presentations. Fee does NOT include any travel or accommodation expenses. Fee is not inclusive of 5% Admin/Bank Charges.
Venue
Hotel To be Confirmed (Venue 4-5 star Hotel)