Policy Terms & Endorsements: Essential Skills for Non-lawyers
|Brisbane||Mon, 9 March||
|Sydney||Tue, 10 March||
Karstens Conference Centre
Drafting and interpreting correctly the meaning of insurance policy terms and endorsements is a core skill essential for every risk and insurance professional.
Get it wrong, and the cover “understood” to have been given may not in fact respond when a claim is made.
Understanding and applying effectively the fundamental principles underpinning insurance policy interpretation and drafting is vital to ensure insurance contracts, no matter what the risk, accurately reflect the agreement reached between insurer and insured.
Policy Terms & Endorsements: Essential Skills for Non-lawyers is a half-day, hands-on workshop which explains and applies key insurance policy interpretation and contractual principles.
Using practical examples and workshop exercises across a broad range of policies from different lines of business, you will immerse yourself in the practicalities of drafting and identifying effective (and ineffective) insurance endorsements.
- Complete and submit a minimum 2 pre-workshop exercises (discussed and built upon during the workshop)
- Craft (in-workshop) insurance terms and exclusions
- Identify terms that are ineffective and require amendment
- Interpret wordings and schedules
- Create a drafting checklist
By attending you will develop critical insights into:
- How the use and placement of specific language can make or break cover
- Tips and traps on the use of descriptors, definitions and limiting words
- What and why objectivity is so crucial
- How connecting words and phrases can work for or against you
- The role of contra proferentum and parol evidence in coverage disputes
- Endorsing a third or ‘interested’ party and how to do it effectively
Who Should Attend?
This workshop has been designed for anyone wanting to improve their skills in the core areas of:
- Insurance policy construction and interpretation
- Effective drafting techniques
It will particularly benefit:
- Insurance professionals (underwriters, broker executives, claims)
- Insurance brokers
- Claims and risk managers
- Insurance managers
- Contract managers
- Project and risk managers