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SUMMARY:Hutch Masterclass. PI: Understanding Claims Made Policies
DESCRIPTION:Presenter: \n\nRoss Chambers\, Head of Longtail\n\nAn educational session for Brokers who place PI and want to revisit the foundations. During this one-hour webinar\, we will be exploring how claims-made Professional Indemnity policies typically operate\, where misunderstandings commonly arise\, and why timing and notification require careful consideration. \nLearning Objectives \n\nExplain the difference between claims made and occurrence-based policies\, and identify which policy year responds to a claim.\nCheck a policy’s retroactive date and continuity of cover\, and explain how gaps in cover or a change of insurer can affect a client’s protection.\nWrite a clear professional services description\, and explain why “if it’s not on the schedule\, it’s not covered”.\nCompare inclusive and exclusive limits and excesses\, and show a client what each means in dollars when defence costs apply.\nAssess common extensions (fidelity\, vicarious liability\, run-off) and common exclusions (bodily injury and property damage\, directors and officers\, fee disputes) so clients know what they are and are not buying.\nPrepare a stronger submission\, using scope of works\, project and client details\, and a client CV\, and relate the concepts to real claims across property management\, accounting\, graphic design and beauty.\n\nRegistrations: https://events.teams.microsoft.com/event/3643d220-e77d-4df2-8962-3b4b9a12a0d9@6d96f8f2-00e8-4ea1-9ba7-fd86f83ec1b3
URL:https://uac.org.au/event/hutch-masterclass-pi-understanding-claims-made-policies/
CATEGORIES:Education & Training
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