DGI04 Liability Insurance Underwriting

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "DGI04 Liability Insurance Underwriting"

Transcription

1 DGI04 Liability Insurance Underwriting Module Description: This module aims to provide the candidate with the knowledge and skills in commercial liability insurance operations. It deals with the legal principles in liability and their application to insurance coverage, as well as an analysis of a liability insurance policy. Given the differences in the nature of various types of liability insurance, this course provides an analysis of major commercial liability products, namely, Motor Liability Insurance; Work Injury Compensation Insurance; Public And Product Liability Insurance; Professional Liability Insurance; and Directors And Officers Liability Insurance. Syllabus: Understand aspects of legal liabilities function and types of law, common law duties of care, statutory duties, contractual duties, fiduciary duties and limitation of actions. Chapter 1 Legal liabilities 1.1 Function and types of law 1.2 Common law duties of care the tort of negligence nuisance strict liabilities intentional tort the legal concepts of trespass to land, persons and goods 1.3 Statutory duties statutory duties and statutory liabilities statutory duties and civil liability 1.4 Contractual duties the elements of an enforceable contract the form of contract the privity of contract disclaimer and indemnity clauses warranties and guarantees remedies for breach of contract 1.5 Fiduciary duties 1.6 The legal relationship between insurer and insured that insurance is a contract 1.7 Limitation of actions the general principles of limitation the Limitation Act Understand the perception, identification and evaluation and the management of risk. Chapter 2 Perception, identification, evaluation and management of risk 2.1 Various approaches to risk the elements of hazard the identification and perception of risk risk management the role of the underwriter 2.2 Obtaining adequate underwriting information the details of proposer seeking insurance for identification purposes and policy drafting DGI04 Updated as at 11 May

2 the business activities and geographical exposures of the proposer for which insurance is required the use of past claims history the use of past insurance history the use of details of any prosecutions relating to the risk proposed house keeping and other risk prevention measures the duty of utmost good faith and how applies to liability insurance 2.3 Loss control surveys the components of a loss control survey the benefits of a loss control survey the role of a loss control surveyor 2.4 Risk improvement the rationale for risk improvement the importance of good housekeeping the importance of good labour relations 2.5 Impact of other legal systems on underwriters the jurisdiction of the Court the impact of the legal system on the underwriter the non judicial dispute resolution in terms of: - arbitration - mediation the differing societal attitudes to tortious liability 2.6 Past claims records the problems with using past claims records why underwriters place a reserve on outstanding liability the assessment of the value of the claim Undestand the main considerations of liability underwriting, its theory and practice. Chapter 3 Liability underwriting, theory and practice 3.1 Operative clause the triggering events, the practice of providing cost cover the specification of business 3.2 Policy conditions 3.3 Admitted and non admitted policies the difference in conditions/difference in limits (DIC/DIL) policies the umbrella policies 3.4 Underwriting the risk the factors involved when determining the rate the considerations involved when determining claims cost how to arrive at the final rate how to decide on the rate for a specific case how to apply the rate the indemnity limits the increased limits the operation of excess of loss covers risk sharing in the form of excesses and co insurance DGI04 Updated as at 11 May

3 Understand the general features of, common issues in, and differences in liability policies. Chapter 4 General features of, common issues in, and differences in liability policies 4.1 Basic structural features of liability policy wording the insuring clause the purpose of exclusions the use of definition clauses the conditions that apply to all insurance contracts the details contained in the declaration the need for extensions and endorsements 4.2 Types of liability policies 4.3 Language styles 4.4 Legal liability as the trigger for liability policies 4.5 Variations in insuring clauses of liability policies how insuring clauses of liability policies vary, in terms of: - description of activity - width of coverage - Occurrence vs. Claims Made bases of cover - Indemnity vs. Pay On Behalf bases of cover 4.6 Common exclusions explain some exclusions like: - pollution - nuclear - war/civil unrest - contractual liability 4.7 Common conditions some common conditions like: - notice of claims and circumstances - prohibition against admission of liability - other insurance - subrogation - cancellation provisions - mediation / arbitration - governing laws - interpretation - observance of terms and truth of statements - the proposal form 4.8 Limit of liability the factors involved in deciding on the amount of limit how to structure large limits describing limit layers 4.9 Deductibles 4.10 Co insurance Understand the cover and practices of commercial general liability insurance. Chapter 5 Commercial general liability insurance 5.1 Commercial general liability legal framework 5.2 Law of tort the law of tort in areas such as: - negligence - occupier s liability DGI04 Updated as at 11 May

4 - nuisance - strict liability - vicarious liability 5.3 The commercial general liability insurance policy the variation in forms used the language styles used in policy writing the basis of coverage the insuring clause in terms of: - compensation cover - cost and expense of litigation the exclusions of commercial general liability insurance policies other exclusions that are insurable under other policies the policy conditions the common extensions and endorsements the limit of liability 5.4 Commercial general liability insurance underwriting the sources of underwriting information underwriting considerations how risk is rated the limit of liability when excess/deductibles are applied 5.5 Market overview the size of the market the maximum capacity available and the maximum capacity required commercial general liability insurance rating the amount of excess/deductibles applied to Commercial General Liability policies Understand the cover and practices of products liability insurance. Chapter 6 Products liability 6.1 Products liability legal framework the legal framework in Singapore with focus on: - negligence - contract 6.2 The product liability insurance policy the forms, language styles and basis of coverage the scope of cover provided under a standard Public Liability policy, including: - insuring clause - exclusions - conditions - extensions and endorsements 6.3 Products liability insurance underwriting how insurers use the information available from the proposal form as well as other reliable sources to underwrite products liability risk the underwriting considerations how insurers rate the risk the limit of liability and what excess/deductibles can be applied 6.4 Market overview public liability market issues and their effect on cost and availability of cover the market norms for limit of indemnity DGI04 Updated as at 11 May

5 Understand the cover and practices of motor Insurance third party liability. Chapter 7 Motor insurance third party liability 7.1 Motor third party liability legal framework the duties imposed upon road users by law the mindset of road users the statutory provisions on road use and insurance 7.2 The Motor insurance policy the scope of cover provided in respect of Motor Insurance policy, including: - the forms used - third party only cover - exclusions - conditions - endorsements 7.3 Motor third party liability insurance underwriting the sources of underwriting information the key underwriting considerations for these third party liabilities how such risks are underwritten and rated the workings of the risk factor premium rating system 7.4 Market overview the Motor Insurance market, including: - major market developments - size of market - market norms for limit of indemnity - rates - schemes - significant players - important organisations relating to motor liability insurance claims Understand the cover and practices of employers liability insurance. Chapter 8 Employers liability insurance 8.1 Work Injury Compensation Act what the Work Injury Compensation Act (WICA) is and how it works 8.2 The statutory claim the framework of a statutory claim the statutory qualifications for compensation the parties entitled to claim and liable to pay compensation the employer s liabilities under the Act 8.3 Common law action jurisdiction parties to the action the types of damages recoverable under the common law the limitation period the difference between a statutory and common law claim 8.4 Relevant legal principles the definition of a employee under the Work Injury Compensation Act the employer s duty of care the accident cover under the Work Injury Compensation Act the employers legal liability toward their employee in the course of employment 8.5 The insurance policy DGI04 Updated as at 11 May

6 the forms of contract the rules of constructing a policy the basis of coverage of the Work Injury Compensation Insurance the scope of cover of the Work Injury Compensation policy 8.6 Work injury compensation risk underwriting the nature of the insurance scheme in Singapore 8.7 Market overview Understand the cover and practices of directors and officers liability insurance. Chapter 9 Directors and officers liability insurance 9.1 Duties and responsibilities of directors the legal framework the legal framework that governs the duties and responsibilities of directors and officers, and the categories of directors duties the breach and consequences of directors duties the regulation of companies and directors in Singapore corporate governance and disclosure in Singapore the need for director training and development in Singapore 9.2 Directors and officers (D&O) liability insurance policy the scope of cover provided under a typical Directors And Officers Liability Insurance policy, including: - insuring clauses - location related aspects - cover extensions - exclusions - conditions and other provisions 9.3 Directors and officers liability insurance underwriting the sources of underwriting information the key underwriting considerations the limit of liability and terms and conditions of the D&O policy how past and existing claims/circumstances are treated how quotations are developed 9.4 Overview of Singapore D&O Market directors and officers liability market issues and their effect on cost and availability of cover Understand the cover and practices of professional indemnity insurance. Chapter 10 Professional indemnity insurance 10.1 Duties and responsibilities of professionals the legal framework the legal duties and responsibilities of professionals, including: - contractual duties - concurrent liabilities in contract and tort - statutory duties - fiduciary duties 10.2 Professional indemnity insurance policy the scope of cover provided under a standard Professional Indemnity Liability policy, including: - insuring clause - exclusions - extensions DGI04 Updated as at 11 May

7 - conditions and other provisions - limit of liability - deductible or excess - defence costs - right and duty to defend/appoint legal counsel - proposal form 10.3 Professional indemnity insurance underwriting the sources of underwriting information for professional indemnity insurance the underwriting considerations the limit of liability of professional indemnity insurance 10.4 Market overview professional indemnity liability market issues and their effect on cost and availability of cover Understand the management of liability claims. Chapter 11 Management of liability claims 11.1 The liability claims process how a claim is submitted the necessary claims handling and management activities 11.2 Preliminary checks 11.3 Control over claims handling and management the insurer s rights and the insured s duties 11.4 Investigation and enquiry the type of information and cooperation required the role of loss adjusters and other professionals/specialist in claims investigation the purpose of recording written statements 11.5 Consideration of substantive issues the substantive areas that the insurer needs to consider, namely the: - legal liability of the insured - policy liability 11.6 Instructions and interim measures when a legal counsel is appointed 11.7 Decision making 11.8 Settlement and beyond the apportionment and allocation of claims the application of limit of liability the application of deductibles the procedure of obtaining discharge 11.9 Claims examples some claims examples like: - Products Liability claims - Motor claims - D&O claims - PI claims Understand underwriting management underwriting authority, referral process, violation of underwriting authorities, compliance, local market practices, risk management, loss control administration and effectiveness, risk accumulation, reinsurance renewal underwriting, coding, liaison between underwriting and other DGI04 Updated as at 11 May

8 departments, common inaccuracies and inconsistencies in underwriting, managing client relationships and complaints and factors influencing the market cycle. Chapter 12 Underwriting management 12.1 Underwriting management 12.2 Underwriting authority 12.3 Referral process 12.4 Violation Of underwriting authorities 12.5 Compliance with local regulatory and industry practices admitted and non admitted insurance 12.6 Local market practices 12.7 Risk management 12.8 Loss control administration and effectiveness 12.9 Risk accumulation Reinsurance the reasons for reinsurance the basic forms of reinsurance, namely, - proportional reinsurance - non proportional reinsurance the violations to authority to place reinsurance Renewal underwriting the use of large loss report in renewal underwriting Coding Liaison between underwriting and other departments what an underwriter can expect from the respective departments and what they can expect from the underwriter in return Common inaccuracies and inconsistencies in underwriting the common accuracies and inconsistencies in underwriting under the following groups: - classification and coding of risks - pricing Managing client relationships and managing complaints the problems that underwriters face in managing customer relationships the dispute resolution process of FIDReC Basic factors influencing the market cycle Understand the features of underwriting administration and underwriting audit. Chapter 13 Underwriting administration and underwriting audit 13.1 Monitoring 13.2 Underwriting administration 13.3 Quotation log the information required in a quotation log 13.4 Follow Up procedures 13.5 A request for endorsement 13.6 Renewal review 13.7 File construction 13.8 Underwriting monitoring and audit the purpose of a file review the questions applicable to compliance review the standards of performance that individual underwriters are measured against in the audit process DGI04 Updated as at 11 May

LIABILITY INSURANCE (with reference to Irish law and practice)

LIABILITY INSURANCE (with reference to Irish law and practice) LIABILITY INSURANCE (with reference to Irish law and practice) Syllabus for the 756 THE IRISH LEGAL SYSTEM AND CIVIL PROCEDURE outline the nature and organisation of the Irish legal system, including function

More information

MDI-05 LIABILITY INSURANCE. With reference to Irish law and practice

MDI-05 LIABILITY INSURANCE. With reference to Irish law and practice MDI-05 LIABILITY INSURANCE With reference to Irish law and practice SYLLABUS 2015 10 LIABILITY INSURANCE On completion of this MDI-05 module, students should be able to: Outline the nature of the civil

More information

MDI-05 LIABILITY INSURANCE. With reference to Irish law and practice

MDI-05 LIABILITY INSURANCE. With reference to Irish law and practice MDI-05 LIABILITY INSURANCE With reference to Irish law and practice SYLLABUS 2015 LIABILITY INSURANCE On completion of this MDI-05 module, students should be able to: Outline the nature of the civil procedure

More information

THE MALAYSIAN INSURANCE INSTITUTE 111: LIABILITY INSURANCE OBJECTIVES:

THE MALAYSIAN INSURANCE INSTITUTE 111: LIABILITY INSURANCE OBJECTIVES: THE MALAYSIAN INSURANCE INSTITUTE 35445H 111: LIABILITY INSURANCE OBJECTIVES: To provide knowledge and understanding of the risks associated with employers liability, public and product liability, professional

More information

INDEX. bonded contract, 289 insureds, 243. misrepresentation, 291 obtaining, 242

INDEX. bonded contract, 289 insureds, 243. misrepresentation, 291 obtaining, 242 INDEX B non-conforming tender, 284 boiler and machinery insurance, performance bond 241 default by the obligee, 288 coverage, 243 failure to notify, 289 definition of the accident, 245 material variation

More information

PROFESSIONAL INDEMNITY FOR ARCHITECTS AND CONSULTING ENGINEERS. Policy Summary

PROFESSIONAL INDEMNITY FOR ARCHITECTS AND CONSULTING ENGINEERS. Policy Summary PROFESSIONAL INDEMNITY FOR ARCHITECTS AND CONSULTING ENGINEERS Policy Summary 2 Professional Indemnity for Architects and Consulting Engineers Policy Summary PROFESSIONAL INDEMNITY FOR ARCHITECTS AND CONSULTING

More information

Hutchison Rodway Insurance Hutchison Rodway (Marlborough) Ltd TERMS OF BUSINESS ARRANGEMENT

Hutchison Rodway Insurance Hutchison Rodway (Marlborough) Ltd TERMS OF BUSINESS ARRANGEMENT 1. Agreement 1.1 You have appointed as your insurance broker. Hutchison Rodway Insurance Hutchison Rodway (Marlborough) Ltd TERMS OF BUSINESS ARRANGEMENT Hutchison Rodway Insurance PO Box 150, Blenheim

More information

Surveyors Professional Liability Insurance Summary

Surveyors Professional Liability Insurance Summary Surveyors Professional Liability Surveyors Professional Liability Underwritten by a member of the QBE Insurance Group (QBE) This insurance is an annual contract unless stated otherwise in the quotation

More information

7.4.1 Be required to make exhaustive or continuous on-site reviews;

7.4.1 Be required to make exhaustive or continuous on-site reviews; SUPPLEMENTARY CONDITIONS TO THE CANADIAN STANDARD FORM OF CONTRACT FOR ARCHITECTURAL SERVICES DOCUMENT SIX 2006 EDITION RAIC 6 2006 FRASER HEALTH PROJECTS The following Supplementary Conditions are specific

More information

Requirements made under the Intermediaries Byelaw

Requirements made under the Intermediaries Byelaw Chapter 2 Requirements made under the Intermediaries Byelaw Section 1 Delegated Underwriting Registers of coverholders and registered binding authorities Part B of the Intermediaries Byelaw Format and

More information

Complete Professional Indemnity

Complete Professional Indemnity Allianz Insurance plc Complete Professional Indemnity Policy Details (including Policy Summary pages 1 4) Architects Policy Summary This is a Policy Summary only and does not contain full terms and conditions

More information

3. Contract Works Insurance (Public and Products Liability)

3. Contract Works Insurance (Public and Products Liability) Schedule 15A: Insurance Part 1 Required Insurances Sub-part 1 Design and Construction Phase The policies to be taken out by the Contractor, or caused to be taken out by the Major Sub-contractor, and maintained

More information

Architects and Engineers Professional Liability Proposal Form

Architects and Engineers Professional Liability Proposal Form Notice:Statement pursuant to Section 25(5) of the Insurance Act (Cap 142) or any amendments thereof; You are to disclose in this application, fully and faithfully, all the facts which you know or ought

More information

Architects and Engineers Professional Liability Insurance Summary

Architects and Engineers Professional Liability Insurance Summary Architects and Engineers Professional Liability Insurance Summary Underwritten by a member of the QBE Insurance Group (QBE) This insurance is an annual contract unless stated otherwise in the quotation

More information

MEDIATORS DECLARATION PEACEWISE MASTER POLICY

MEDIATORS DECLARATION PEACEWISE MASTER POLICY Marsh Pty Ltd ABN 86004651512 PO Box H176 AUSTRALIA SQUARE NSW 1215 PROFESSIONAL INDEMNITY INSURANCE MEDIATORS DECLARATION PEACEWISE MASTER POLICY Professional Indemnity Declaration for Mediators who have

More information

PROFESSIONAL INDEMNITY INSURANCE FOR PROPERTY PROFESSIONALS. Policy Summary

PROFESSIONAL INDEMNITY INSURANCE FOR PROPERTY PROFESSIONALS. Policy Summary PROFESSIONAL INDEMNITY INSURANCE FOR PROPERTY PROFESSIONALS Policy Summary 2 Professional Indemnity Insurance for Property Professionals Policy Summary PROFESSIONAL INDEMNITY INSURANCE FOR PROPERTY PROFESSIONALS

More information

Management liability - Employment practices liability Policy wording

Management liability - Employment practices liability Policy wording Special definitions for this section Benefits Claim Defence costs The General terms and conditions and the following terms and conditions all apply to this section. Any compensation awarded to an employee

More information

The Client Broker, herinafter called The Client Broker, You, Your, Yours )

The Client Broker, herinafter called The Client Broker, You, Your, Yours ) 1 THE PARTIES This Agreement is BETWEEN The Client Broker, herinafter called The Client Broker, You, Your, Yours ) AND Tymar (WA) Pty Limited atf the Cob Unit Trust t/as Zenith Aged Care AFSL 232608. ABN

More information

EMPLOYERS LIABILITY INSURANCE POLICY

EMPLOYERS LIABILITY INSURANCE POLICY EMPLOYERS LIABILITY INSURANCE POLICY GENERAL PROVISIONS This Policy is evidence of the contract between the Insured and the Insurers. The Insured by a Proposal and Declaration which shall be the basis

More information

SCHEDULE 9: INSURANCE REQUIREMENTS

SCHEDULE 9: INSURANCE REQUIREMENTS SCHEDULE 9: INSURANCE REQUIREMENTS Part 1: General Requirements 1 Public Liability and Products Liability 1.1 Cover Legal liability of the Insured Party (being the parties listed in paragraph 1.2 of this

More information

Terms of business agreement - Commercial clients

Terms of business agreement - Commercial clients Terms of business agreement - Commercial clients Please read this document carefully. It sets out the terms on which Finch Insurance Brokers Ltd agree to act for clients and contains details of our responsibilities

More information

TERMS OF BUSINESS AGREEMENT - INSURANCE BROKING

TERMS OF BUSINESS AGREEMENT - INSURANCE BROKING 1. BROKER INFORMATION TERMS OF BUSINESS AGREEMENT - INSURANCE BROKING Stephenson s (2000) Ltd T/As Cooke & Mason, Manor House 3 Low Moor Road Lincoln LN6 3JY is an independent Chartered Insurance Broker.

More information

Suzanne Kupsch. Dawson Chambers Room 5, 405 Little Bourke Street Melbourne Victoria T: + 61 3 9229 5022 List Y: +61 3 9225 6777

Suzanne Kupsch. Dawson Chambers Room 5, 405 Little Bourke Street Melbourne Victoria T: + 61 3 9229 5022 List Y: +61 3 9225 6777 Suzanne Kupsch Dawson Chambers Room 5, 405 Little Bourke Street Melbourne Victoria T: + 61 3 9229 5022 List Y: +61 3 9225 6777 Admission Admitted to practice as a barrister & solicitor on 6 March 2000

More information

Proposal Form. BusinessGuard Insurance Brokers Professional Liability Insurance

Proposal Form. BusinessGuard Insurance Brokers Professional Liability Insurance BusinessGuard Insurance Brokers Professional Liability Insurance BusinessGuard Insurance Brokers Professional Liability Insurance This policy is issued by AIG Australia Limited on a claims-made and notified

More information

Professional Indemnity Select

Professional Indemnity Select Allianz Insurance plc Professional Indemnity Select Cover Overview Professional Indemnity Select Cover Overview Contents Thank you for choosing Allianz Insurance plc. We are one of the largest general

More information

Professional Indemnity Select

Professional Indemnity Select Allianz Insurance plc Professional Indemnity Select Policy Overview Policy Overview Professional Indemnity Select Contents Thank you for choosing Allianz Insurance plc. We are one of the largest general

More information

Work Injury Compensation Insurance (Contract)

Work Injury Compensation Insurance (Contract) Work Injury Compensation Insurance (Contract) Policy Wordings Please read this insurance Policy carefully to ensure that you understand the terms and conditions and that this Policy meets your requirements.

More information

Tipsheet 7 Insurance Clauses Named Insured vs Interested Party

Tipsheet 7 Insurance Clauses Named Insured vs Interested Party Tipsheet 7 Insurance Clauses Named Insured vs Interested Party Client version Updated September 2010 Named insured, interested party or noted on the policy - What are the differences? What is the impact

More information

Liability Insurance. Oil and Gas Service Contractors in the ASEAN Region

Liability Insurance. Oil and Gas Service Contractors in the ASEAN Region Liability Insurance Oil and Gas Service Contractors in the ASEAN Region OSCAR Insuring the Most Ambitious Projects AIG member companies have the financial strength to provide coverage for oil and gas related

More information

PROFESSIONAL INDEMNITY. Policy summary

PROFESSIONAL INDEMNITY. Policy summary PROFESSIONAL INDEMNITY Policy summary 2 Professional Indemnity Policy Summary Professional Indemnity Policy Summary This policy is an annually renewable Professional Indemnity insurance, underwritten by

More information

Construction Consultants Professional Liability Insurance Summary

Construction Consultants Professional Liability Insurance Summary Construction Consultants Professional Liability Insurance Underwritten by a member of the QBE Insurance Group (QBE) This insurance is an annual contract unless stated otherwise in the quotation or renewal

More information

Compensation Claims. Contents

Compensation Claims. Contents Compensation Claims Contents Employers' duties What kind of claims may be made? The tort of negligence Tort of breach of statutory duty Civil liability exclusions Conditions to be met for breach of statutory

More information

Professional Indemnity

Professional Indemnity Allianz Insurance Allianz Insurance plc plc Complete Professional Indemnity Policy Details (including Policy Summary pages 1 4) Technology & Telecommunications Policy Summary This is a Policy Summary only

More information

REQUEST FOR PROPOSAL OFFICE OF THE NEVADA ATTORNEY GENERAL GRANTEE- FORECLOSURE RELIEF PROGRAM MAY 20, 2011

REQUEST FOR PROPOSAL OFFICE OF THE NEVADA ATTORNEY GENERAL GRANTEE- FORECLOSURE RELIEF PROGRAM MAY 20, 2011 REQUEST FOR PROPOSAL OFFICE OF THE NEVADA ATTORNEY GENERAL GRANTEE- FORECLOSURE RELIEF PROGRAM MAY 20, 2011 SCOPE OF WORK: The Office of the Attorney General (AGO) recently received a settlement from Wells

More information

Hole In One Policy Wording

Hole In One Policy Wording Hole In One Policy Wording V03.14 Pen Underwriting Pty Ltd ABN 89 113 929 516 AFSL 290518 Our name comes from the expression to pass the pen. It reflects what we do and what we bring to the insurance industry

More information

Module 1(b) PROFESSIONAL ETHICS 10 Credits

Module 1(b) PROFESSIONAL ETHICS 10 Credits UNIT 1: All Compulsory The syllabus lists what the Course must cover as a minimum, it is not set out in any order of importance, weight or otherwise. The course must always remain current, relevant and

More information

SANTAM UMBRELLA LIABILITY

SANTAM UMBRELLA LIABILITY SANTAM UMBRELLA LIABILITY DEFINED EVENTS 1. Damages, costs, fees and expenses which the insured shall become legally liable to pay consequent upon Injury, Damage, Malice or Negligent Advice which occur

More information

Draft Prudential Practice Guide

Draft Prudential Practice Guide Draft Prudential Practice Guide LPG 270 Group Insurance Arrangements December 2013 www.apra.gov.au Australian Prudential Regulation Authority Disclaimer and copyright This prudential practice guide is

More information

Chartered Accountants Australia & New Zealand Professional Indemnity and Management Liability Proposal Form

Chartered Accountants Australia & New Zealand Professional Indemnity and Management Liability Proposal Form Chartered Accountants Australia & New Zealand Professional Indemnity and Management Liability Proposal Form SECTION 1: Professional Indemnity 1. Insured Details 1.1 Is at least one principal, director

More information

Professional Risks Aon have a designated team of specialists to provide support clients on any professional risk issue.

Professional Risks Aon have a designated team of specialists to provide support clients on any professional risk issue. RISK MANAGEMENT PRESENTATION TO PMINZ Mark Koschak Associate Director Aon New Zealand Ltd Auckland DDI: 09 362 9091 Email: mark.koschak@aon.co.nz AON PROFILE Global Aon Corporation is the largest insurance

More information

Professional Indemnity Insurance Glossary of Terms

Professional Indemnity Insurance Glossary of Terms Professional Indemnity Insurance Glossary of Terms Index Aggregation of claims Automatic reinstatement Average provision Cancellation Civil liability Claim Claims made Consumer protection legislation Continuous

More information

Employers Liability Policy ( 蘇 黎 世 產 物 僱 主 意 外 責 任 保 險 )

Employers Liability Policy ( 蘇 黎 世 產 物 僱 主 意 外 責 任 保 險 ) 免 費 保 戶 服 務 電 話 :0800-880550 資 訊 公 開 查 詢 : http://www.zurich.com.tw 免 費 申 訴 電 話 :0800-501888 消 費 者 可 至 本 公 司 總 分 支 機 構 網 址 查 閱 或 索 取 書 面 資 訊 公 開 說 明 文 件 本 商 品 經 本 公 司 合 格 簽 署 人 員 檢 視 其 內 容 業 已 符 合 保 險

More information

Work Injury Compensation Insurance (Annual)

Work Injury Compensation Insurance (Annual) Work Injury Compensation Insurance (Annual) Policy Wordings Please read this insurance Policy carefully to ensure that you understand the terms and conditions and that this Policy meets your requirements.

More information

Excess Directors and Officers Liability. Policy document

Excess Directors and Officers Liability. Policy document Excess Directors and Officers Liability Policy document Contents A warm welcome to Zurich 3 Your Excess Directors and Officers Liability policy 4 Section 1 Agreement with underlying policies 7 Section

More information

NATIONAL INSURANCE BROKERS ASSOCIATION OF AUSTRALIA (NIBA) Submission to WorkCover Western Australia. Legislative Review 2013

NATIONAL INSURANCE BROKERS ASSOCIATION OF AUSTRALIA (NIBA) Submission to WorkCover Western Australia. Legislative Review 2013 NATIONAL INSURANCE BROKERS ASSOCIATION OF AUSTRALIA (NIBA) ABOUT NIBA Submission to WorkCover Western Australia Legislative Review 2013 February 2014 NIBA is the peak body of the insurance broking profession

More information

AAS Paralegal Program Student Survey

AAS Paralegal Program Student Survey AAS Paralegal Program Student Survey The purpose of this survey is to assess your familiarity and comfort level with the courses taken and skills developed throughout the Paralegal Program. Please answer

More information

Business Insurance RICS - compliant professional indemnity section only Summary of cover

Business Insurance RICS - compliant professional indemnity section only Summary of cover Business Insurance RICS - compliant professional indemnity section only Summary of cover About this document This document is a summary of the insurance provided and does not contain the full terms and

More information

Your Exam Content Outline

Your Exam Content Outline Your Exam Content Outline The following outline describes the content of one of the Wisconsin insurance examinations. The outlines are the basis of the examinations. The examination will contain questions

More information

TEMPLE LITIGATION ADVANTAGE INSURANCE FOR DISBURSEMENTS AND OPPONENT S COSTS Certificate of Insurance

TEMPLE LITIGATION ADVANTAGE INSURANCE FOR DISBURSEMENTS AND OPPONENT S COSTS Certificate of Insurance TEMPLE LITIGATION ADVANTAGE INSURANCE FOR DISBURSEMENTS AND OPPONENT S COSTS Certificate of Insurance In return for the payment of the Premium specified in the Schedule and based on any Information that

More information

Introduction to Directors and Offi cers Liability Insurance

Introduction to Directors and Offi cers Liability Insurance CHAPTER 1 Martin J. O Leary Introduction to Directors and Offi cers Liability Insurance The following is a brief, general overview of coverage afforded under the Directors and Officers Liability Insurance

More information

LENDERS INSURANCE POLICY ENDORSEMENT

LENDERS INSURANCE POLICY ENDORSEMENT NDS LENDERS INSURANCE POLICY ENDORSEMENT It is hereby noted and agreed by Insurers that all wordings incorporated in this Policy and all subsequent endorsements are accepted by Insurers as their own Notwithstanding

More information

Additional Perils Perils added to fire insurance policy, such as damage by storm, tempest or flood.

Additional Perils Perils added to fire insurance policy, such as damage by storm, tempest or flood. Key Insurance terms Act of God (Force Majeure) Nugent v Smith (1876) "Natural causes directly and exclusively without human intervention and that could not have been prevented by any amount of foresight

More information

Name of Lead Broker. Name of Sub-Broker. Effective date and duration of Agreement. Name of insured or reinsured. Description of Business

Name of Lead Broker. Name of Sub-Broker. Effective date and duration of Agreement. Name of insured or reinsured. Description of Business Sub-Broking Agreement A general principle of the law of agency is that an agent must carry out his duties personally and has no general powers to delegate his duties. The appointment of a subagent or sub-broker

More information

LEASE. The term of this Lease is for a period of months, commencing on day of,, and terminating on the day of,.

LEASE. The term of this Lease is for a period of months, commencing on day of,, and terminating on the day of,. LEASE PARTIES The parties to this lease (Lease) are the state of North Dakota, acting through its (STATE), and having its principal place of business at (LANDLORD); SCOPE OF LEASE LANDLORD, in consideration

More information

PRIORITY. Professional Indemnity Insurance Contract

PRIORITY. Professional Indemnity Insurance Contract PRIORITY Professional Indemnity Insurance Contract Between AC&E PI and Liability Underwriters (Pty) Ltd acting as underwriting managers on behalf of the New National Assurance Company Ltd and hereafter

More information

Complete Professional Indemnity

Complete Professional Indemnity Allianz Insurance plc plc Complete Professional Indemnity Policy Details (including Policy Summary pages 1 4) Insurance Brokers Policy Summary This is a Policy Summary only and does not contain full terms

More information

Complete Professional Indemnity

Complete Professional Indemnity Allianz Insurance plc Complete Professional Indemnity Policy Details (including Policy Summary pages 1 4) Accountants Policy Summary This is a Policy Summary only and does not contain full terms and conditions

More information

Business Insurance Professional indemnity section for RIBA &/or RIAS architects Summary of cover

Business Insurance Professional indemnity section for RIBA &/or RIAS architects Summary of cover Business Insurance Professional indemnity section for RIBA &/or RIAS architects Summary of cover About this document This document is a summary of the insurance provided and does not contain the full terms

More information

Hiscox Professional Indemnity Insurance for IT Consultants and Suppliers Policy Summary

Hiscox Professional Indemnity Insurance for IT Consultants and Suppliers Policy Summary Hiscox Professional Indemnity Insurance for IT Consultants and Suppliers What is a? This document provides key information about Hiscox Professional Indemnity (PI) Insurance for IT consultants and suppliers.

More information

General Terms and Conditions for Contract Bond Insurance GTC CB

General Terms and Conditions for Contract Bond Insurance GTC CB General Terms and Conditions for Contract Bond Insurance GTC CB Valid from 31 March 2012 (Version 2.2/2012) Table of Contents 1 Object and Scope of the Insurance 3 2 Liability Period 3 3 Insured Risks

More information

PUBLIC & PRODUCTS LIABILITY INSURANCE

PUBLIC & PRODUCTS LIABILITY INSURANCE PUBLIC & PRODUCTS LIABILITY INSURANCE ASSURED: SCHEDULE TO THE POLICY POLICY NUMBER: BUSINESS: PERIOD OF INSURANCE: From: To: (both dates inclusive) INDEMNITY LIMITS: Section: A: Section B: Section C:

More information

Insurance and the Construction Failure

Insurance and the Construction Failure Insurance and the Construction Failure 18 th Annual Construction SuperConference December 12, 2003 San Francisco, California James D. Hollyday hollydaj@pepperlaw.com 1 Introduction 1. Contract Drafting

More information

PUBLIC AND PRODUCTS LIABILITY INSURANCE SCHEDULE TO THE POLICY

PUBLIC AND PRODUCTS LIABILITY INSURANCE SCHEDULE TO THE POLICY PUBLIC AND PRODUCTS LIABILITY INSURANCE SCHEDULE TO THE POLICY INSURED: POLICY NO: BUSINESS: PERIOD OF INSURANCE: From: To: (both dates inclusive) INDEMNITY LIMITS: Section A: Section B: Section C: EXCESS:

More information

PUBLIC ENTITY RISK MANAGEMENT AUTHORITY MEMORANDUM OF WORKERS COMPENSATION AND EMPLOYERS LIABILITY COVERAGE

PUBLIC ENTITY RISK MANAGEMENT AUTHORITY MEMORANDUM OF WORKERS COMPENSATION AND EMPLOYERS LIABILITY COVERAGE PUBLIC ENTITY RISK MANAGEMENT AUTHORITY MEMORANDUM OF WORKERS COMPENSATION AND EMPLOYERS LIABILITY COVERAGE FOR THE PERIOD JULY 1, 2015 TO JUNE 30, 2016 EFFECTIVE: JULY 1, 2015 PUBLIC ENTITY RISK MANAGEMENT

More information

Prize Indemnity Policy Wording

Prize Indemnity Policy Wording Prize Indemnity Policy Wording v12.15 Pen Underwriting Pty Ltd ABN 89 113 929 516 AFSL 290518 Our name comes from the expression to pass the pen. It reflects what we do and what we bring to the insurance

More information

Cyber and data Policy wording

Cyber and data Policy wording Please read the schedule to see whether Breach costs, Cyber business interruption, Hacker damage, Cyber extortion, Privacy protection or Media liability are covered by this section. The General terms and

More information

General Liability Insurance

General Liability Insurance General Liability Insurance Insurance Company: Alberta School Boards Insurance Exchange (ASBIE) Insuring Agreement ASBIE agrees to pay on behalf of the Subscriber all sums that they are legally obligated

More information

Civil Liability Professional Indemnity Policy Wording - 06.12

Civil Liability Professional Indemnity Policy Wording - 06.12 Civil Liability Professional Indemnity Policy Wording - 06.12 Introduction This Policy is written on a claims made and notified basis, which means that, subject to Clause 3.2 Continuous Cover, it will

More information

ICSA Guidance on Protection against Directors and Officers Liabilities Indemnities and Insurance

ICSA Guidance on Protection against Directors and Officers Liabilities Indemnities and Insurance ICSA Guidance on Protection against Directors and Officers Liabilities Indemnities and Insurance Contents If using online, click on the headings below to go to the related sections. 1. Introduction 2.

More information

Design and Construct Professional Liability Insurance Summary

Design and Construct Professional Liability Insurance Summary Design and Construct Professional Liability Insurance Summary Design and Construct Professional Underwritten by a member of the QBE Insurance Group (QBE) This insurance is an annual contract unless stated

More information

SAMPLE SERVICES CONTRACT

SAMPLE SERVICES CONTRACT SAMPLE SERVICES CONTRACT The parties to this contract are the SAN DIEGO COUNTY WATER AUTHORITY, a county water authority, (the Water Authority) and, [a / an], having its principal place of business at

More information

Professional Indemnity Proposal Form

Professional Indemnity Proposal Form Professional Indemnity Proposal Form IMPORTANT NOTES This insurance cover is based upon representations given to us by you. Should any particulars have changed or be incorrect you must notify us immediately.

More information

FINANCIAL PLANNING ASSOCIATION OF MALAYSIA

FINANCIAL PLANNING ASSOCIATION OF MALAYSIA FINANCIAL PLANNING ASSOCIATION OF MALAYSIA CFP SYLLABUS MODULE 2 RISK MANAGEMENT AND INSURANCE PLANNING Course Objectives This course is designed to help candidates understand the fundamental concepts

More information

NEW ZEALAND PSYCHOLOGICAL SOCIETY MEMBERS INSURANCE COVER As the insurance brokers to the NZ Psychological Society, Rothbury-Wilkinson Insurance

NEW ZEALAND PSYCHOLOGICAL SOCIETY MEMBERS INSURANCE COVER As the insurance brokers to the NZ Psychological Society, Rothbury-Wilkinson Insurance NEW ZEALAND PSYCHOLOGICAL SOCIETY MEMBERS INSURANCE COVER As the insurance brokers to the NZ Psychological Society, Rothbury-Wilkinson Insurance Brokers Ltd have arranged an insurance policy designed to

More information

MEDICAL MALPRACTICE. Policy Summary

MEDICAL MALPRACTICE. Policy Summary MEDICAL MALPRACTICE Policy Summary 2 Medical Malpractice Policy Summary MEDICAL MALPRACTICE Policy Summary This policy is an annually renewable Professional Indemnity insurance, underwritten by Royal &

More information

DIRECTORS AND OFFICERS LIABILITY INSURANCE FOR RESIDENTS ASSOCIATIONS AND CLUBS

DIRECTORS AND OFFICERS LIABILITY INSURANCE FOR RESIDENTS ASSOCIATIONS AND CLUBS PLEASE READ THIS POLICY (AND THE SCHEDULE WHICH FORMS AN INTEGRAL PART OF THE POLICY) TO ENSURE THAT IT MEETS YOUR REQUIREMENTS DIRECTORS AND OFFICERS LIABILITY INSURANCE FOR RESIDENTS ASSOCIATIONS AND

More information

Terms of Business. Murray & Spelman Ltd. Name: T/A Murray # Spelman Insurance & Finance. Name & Contact Details:

Terms of Business. Murray & Spelman Ltd. Name: T/A Murray # Spelman Insurance & Finance. Name & Contact Details: Terms of Business Murray & Spelman Ltd T/A Murray # Spelman Insurance & Finance Name & Contact Details: Name: Mr. Michael Culhane (Managing Director) Telephone Number: 091759500 Company Murray & Spelman

More information

Contractors All Risks Policy

Contractors All Risks Policy Contractors All Risks Policy Whereas the Insured named in the Schedule hereto has made to the Etiqa Insurance Pte. Ltd. (hereinafter called the Company ) a written proposal by completing a Questionnaire

More information

California Solar Initiative (CSI) Program 2007 Reservation Request Form and Program Contract [follows the second page Reservation Request form]

California Solar Initiative (CSI) Program 2007 Reservation Request Form and Program Contract [follows the second page Reservation Request form] California Solar Initiative (CSI) Program 2007 Reservation Request Form and Program Contract [follows the second page Reservation Request form] CSI CONTRACT TERMS AND CONDITIONS This California Solar Initiative

More information

Medical Liability Insurance Related Problems and Damages in Medical Malpractice Lawsuits Stephen Ballantine

Medical Liability Insurance Related Problems and Damages in Medical Malpractice Lawsuits Stephen Ballantine Medical Liability Insurance Related Problems and Damages in Medical Malpractice Lawsuits Stephen Ballantine 3 rd Arab Conference on Medical Liability Workshop 12 November 2014 1 INTRODUCTION 1. Objectives

More information

July 2003 CODE OF CONDUCT FOR STATUTORY ACCIDENT BENEFIT REPRESENTATIVES

July 2003 CODE OF CONDUCT FOR STATUTORY ACCIDENT BENEFIT REPRESENTATIVES Financial Services Commission of Ontario Commission des services financiers de l Ontario July 2003 CODE OF CONDUCT FOR STATUTORY ACCIDENT BENEFIT REPRESENTATIVES Issued by the Superintendent of Financial

More information

Britannia Additional Insurances Terms of Business Agreement

Britannia Additional Insurances Terms of Business Agreement Britannia Additional Insurances Terms of Business Agreement MAY 2014 Introduction This terms of business agreement (the Agreement ) sets out the nature and scope of the insurance mediation services The

More information

Professional Indemnity Select

Professional Indemnity Select Allianz Insurance plc Professional Indemnity Select Insurance Brokers Proposal Form Insurance Professional Brokers Indemnity Professional Policy Overview Indemnity Select Insurance Brokers Professional

More information

THIRD PARTY ADMINISTRATOR AGREEMENT. (Hereinafter, Agreement ) Between

THIRD PARTY ADMINISTRATOR AGREEMENT. (Hereinafter, Agreement ) Between THIRD PARTY ADMINISTRATOR AGREEMENT (Hereinafter, Agreement ) Between Those underwriting members of Lloyd s, and those other insurers (if any), individually and severally subscribing to the Contract(s)

More information

CLAIMS HANDLING GUIDELINES. for CTP Insurers

CLAIMS HANDLING GUIDELINES. for CTP Insurers CLAIMS HANDLING GUIDELINES for CTP Insurers Initially issued 2000 Reissued: 1 July 2004; 18 September 2006; 1 July 2008; 1 October 2008, 1 May 2014 INTRODUCTION The MAA Claims Handling Guidelines (the

More information

LawCover. Professional Indemnity Insurance Policy 2009/2010 116693148 \ 0421663 \ AZO01

LawCover. Professional Indemnity Insurance Policy 2009/2010 116693148 \ 0421663 \ AZO01 LawCover Professional Indemnity Insurance Policy 2009/2010 116693148 \ 0421663 \ AZO01 This Policy sets out the conditions on which we agree to insure you. When reading this Policy, please note the use

More information

Charity Professional & Trustees Liability Insurance

Charity Professional & Trustees Liability Insurance Charity Professional & Trustees Liability Insurance Proposal Form 1. All questions must be answered giving full and complete answers. 2. Please ensure that this Proposal Form is Signed and Dated. 3. All

More information

INSURANCE REQUIREMENTS FOR FEDERAL CONTRACTORS

INSURANCE REQUIREMENTS FOR FEDERAL CONTRACTORS INSURANCE REQUIREMENTS FOR FEDERAL CONTRACTORS This document is provided to supply you with information regarding insurance requirements on Government contracts. Please be advised that the samples are

More information

Risk Transfer: A Strategy to Help Protect Your Business. Risk Control

Risk Transfer: A Strategy to Help Protect Your Business. Risk Control Risk Transfer: A Strategy to Help Protect Your Business Risk Control Businesses rely on crucial relationships with contractors, subcontractors, vendors and consumers. In these relationships, agreements

More information

Standard terms of engagement

Standard terms of engagement Standard terms of engagement Date Published: July 2013 Standard Terms of Engagement 1. Introduction These terms and conditions (Terms) apply to work performed for you by Crowe Horwath (NZ) Limited (including

More information

INSURANCE REQUIREMENTS FOR ALL CITY CONTRACTS

INSURANCE REQUIREMENTS FOR ALL CITY CONTRACTS INSURANCE REQUIREMENTS FOR ALL CITY CONTRACTS 1. GENERAL PROVISIONS A. Indemnification. The Contractor shall indemnify and save harmless the City of Lincoln, Nebraska from and against all losses, claims,

More information

ATTORNEY AT LAW PLLC. Focus on Potential Sources of Funding Available to Private & Public Parties:

ATTORNEY AT LAW PLLC. Focus on Potential Sources of Funding Available to Private & Public Parties: Paying for Cleanup of Contaminated Land: Damages, Cost Recovery, Contribution Claims; Coverage Under Thomas M. Kilbane Attorney at Law 8164 NE Yeti Lane Bainbridge Island, WA 98110 206.484.1307 tom@kilbanelaw.com

More information

INSURANCE CONTRACTS ACT CHANGES

INSURANCE CONTRACTS ACT CHANGES 16 July 2014 INSURANCE CONTRACTS ACT CHANGES Geoffrey Hancy Barrister Mezzanine Level, 28 The Esplanade, Perth 6000 geoff@hancy.net www.hancy.net Introduction 1 The Insurance Contracts Act 1984 (Cth) (the

More information

3.6. Please also note, unless your policy confirms otherwise, the rights under your policy may only be pursued in an English court.

3.6. Please also note, unless your policy confirms otherwise, the rights under your policy may only be pursued in an English court. Terms of business agreement - commercial customers M & N Insurance Service Limited Authorised and regulated by the Financial Conduct Authority No: 305837. Registered Office: 248 Hendon Way London NW4 3NL

More information

UIBL TOBA. United Insurance Brokers Ltd. Terms of Business Agreement

UIBL TOBA. United Insurance Brokers Ltd. Terms of Business Agreement TOBA United Insurance Brokers Ltd Terms of Business Agreement 1. Introduction and business service United Insurance Brokers Ltd () is an independent international insurance and reinsurance (1) Lloyd s

More information

Chapter Two Liability Coverage

Chapter Two Liability Coverage Chapter Two Liability Coverage How Does a Business Become Liable for Injuries to Others? When we say a business is liable for injuries to others, we mean that they are legally responsible for them. It

More information

Insurer Thistle Underwriting acting in an underwriting capacity on behalf of those Lloyd s Underwriters subscribing to the above policy.

Insurer Thistle Underwriting acting in an underwriting capacity on behalf of those Lloyd s Underwriters subscribing to the above policy. CONTRACTORS & ENGINEERS POLICY Please read this document carefully This is a summary of the cover provided by your Policy. It contains references to the key features and benefits of the Policy as well

More information

4.1 The property and any copyright or other intellectual property rights in any Input Material shall belong to the Subscriber.

4.1 The property and any copyright or other intellectual property rights in any Input Material shall belong to the Subscriber. 1 Interpretation 1.1 In these Conditions: THE SERVICE PROVIDER means Cutec Remote Backup Terms and Conditions THE SERVICE PROVIDER S STANDARD CHARGES means the charges shown in the Order Sheet or other

More information

Accountant Professional Liability Proposal Form

Accountant Professional Liability Proposal Form Notice: Statement pursuant to Section 25(5) of the Insurance Act (Cap 142) or any amendments thereof; You are to disclose in this application, fully and faithfully, all the facts which you know or ought

More information

Proposal Form. BusinessGuard Recruitment and Personnel Consultants Professional Liability Insurance

Proposal Form. BusinessGuard Recruitment and Personnel Consultants Professional Liability Insurance Recruitment and Personnel Consultants Professional Liability Insurance An Important Notice Claims-Made and Notified Insurance This policy is issued by AIG Australia Limited (AIG), ABN 93 004 727 753 AFSL

More information