Understanding the Importance of Various Types of Insurance and Risk Management
1 hour 30 minutes
Gain insight into certain features in an insurance policy that are often overlooked and how to lower premiums while ensuring adequate coverage.
This material will provide you with strategies that will result in lower premiums, yet ensure adequate coverage is still in place. It will help you differentiate claims made policies vs. occurrence policies and this knowledge will always ensure that coverage is in place in the result of a claim. This topic will provide information on how to select features in an insurance policy that are overlooked such as sublimits and endorsements that can broaden coverage.
• You will be able to discuss contractual exclusions.
• You will be able to identify excluded ownerships.
• You will be able to recognize covered security breaches.
• You will be able to explain covered trustee services.