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Description
Life would be easy for an insurer if it only ever had to cover the person who asks or pays for the insurance.
Easy because an insurer prices the risk and settles on the terms and conditions of the policy, in part, by reference to what it knows about that person and their activities. And by a combination of that person’s pre-contractual duty of disclosure and their answers to questions asked by the insurer, it gets to know as much as it thinks it needs to know about them to properly price the risk.
But life is not that easy and insurers are regularly asked to cover entities other than the person asking or paying for the insurance. How do insurers do that and what are the issues it throws up?
And that’s not all. Insurers are also regularly asked to limit the circumstances in which they can exercise a right of subrogation following their indemnity of the insured against a loss.
How do insurers do that and what are the issues it throws up?
In light of the above, the Seminar will touch on the following topics:
- The parties to an insurance contract and named and noted insureds;
- Principals Indemnity extensions;
- Cross liability clauses;
- Waiver of subrogation clauses;
- Policy indemnity and the ‘hold harmless’ clauses.
This event is presented by
 
And sponsored by:
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