Principals Cover: 5 things you need to know
It can be tricky meeting a commercial obligation to obtain liability cover for a principal, and even trickier appreciating the different types of cover afforded them under different policy wordings.
What does the contractual obligation to obtain principals cover in my agreement actually mean? And how can I ensure the cover extended to the principal under my liability policy actually meets that commercial promise?
Aligning the obligations under these 2 separate contracts (the commercial and the policy) to minimize uninsured “gaps” can be fraught with difficulty...unless you have a plan.
In this workshop we will work together and in groups using hypothetical, commercial transactions to better understand:
- How each commercial promise to secure principals cover must be understood on its own terms
- Why not all principals extensions of liability cover are the same
- How to apply the latest case law in this area and the consequences if you 'get it wrong'
- A 5 point checklist of things you need to know to ensure uninsured “gaps” are minimised
Facilitator: Megan O’Rourke
Time: 9:00am – 1:00pm (4 hours)
Morning tea will be served
Cost: Normal $385 + GST
10% discount for groups of 3 or more
CIP/CPD: 3 points