Title |
INTENSIVE COURSE IN LIABILITY INSURANCE |
Date |
27 – 29 March, 2012 |
Duration |
3 Days |
Level |
Intermediate / Advance |
Time |
9.00 am to 5.00 pm |
Venue |
Seri Pacific Hotel Kuala Lumpur
Jalan Putra
50746 Kuala Lumpur,
Malaysia
Tel (603) 4042 5555
Fax (603) 4041 7236
E-mail: resv@seripacific.com
http://www.seripacifichotel.com
|
Trainer |
1. Mr. Roy Sharma, LLB (PIONS) (LONDON), CLP
|
Key Learning Outcomes |
At the end of the course, participants will be able to:
- Identify the main sources of legal liability and relate to the types of liability coverages
- The need for liability insurance
- Apply the legal aspects of insurance to liability insurance
- Understand the principles governing liability insurance
- Scope of cover and expectations under the various liability policies
- Underwriting factors connected with legal liability risks – the salient features
- Methods of premium rating
- Claims procedures and documentation
|
Key Course Content |
Overview of Liability Insurance Market in Malaysia
Demand of liability cover in ASEAN region
Main driving force:
- strong rate of economic growth in the ASEAN region
- exposure to directors and officers and other professional risk in overseas market, especially the USA
- increase and higher trade volume, etc.
- Overall view of demand for liability cover in ASEAN region
- Application of principles of insurance in Liability Insurance
Main source of legal liability:
- Tort
- Negligence
- Nuisance
- Trespass – Rylands vs Fletcher
- Strict Liability
- Case on Donoghue vs Stevenson
- Breaches of statutory duties
- Breach of contract
- Defences and remedies
Approaches to Risk:
- Society’s attitude to tortuous liability
- Cradle to grave handling
- Delegated authority arrangements
Public Liability
- Introduction to Public Liability
- Legal basis of Public Liability
- Coverage specifics
- Underwriting factors and rating consideration / premium
- Claims procedure
- Case study
Employer’s Liability:
- Introduction to Employer’s Liability
- Liability at Common Law
- Liability under Statute
- Employees’ duty of care
- Coverage specifics
- Underwriting factors and rating considerations
- Claims procedures
Directors and Officers Insurance:
- Introduction of D&O
- Market overview – cost effects and availability
- Legal basis of D&O
- Cover specifics – types of cover, limits of indemnity, extensions and exclusions
- Underwriting considerations and rating factors
- Claims procedure
- Case study
Professional Liability:
- Introduction to Professional Indemnity
- Legal basis of Professional Liability
- Coverage specifics for Lawyers, Engineers and Doctors
- How liability arises in different professions
- Coverage specifics – extensions and exclusions
- Underwriting considerations and rating factors
- Claims procedure
- Case study
- Workshop
Cyber Liability
- Introduction of Cyber Liability
- Future of Cyber Liability
- The importance of disclosure
- Legal basis of Cyber Liability
- Coverage specifics for Cyber Liability Insurance
- Underwriting considerations and rating factors
- Claims procedure
- Case study
Product Liability
- Introduction to Product Liability
- Growth of Product Liability Insurance
- Legal basis of Product Liability
- Rating and Underwriting factors
- Laws affecting Product Liability Insurance – Europe, USA, Australia, Asia Pacific including ASEAN region
- Product Recall Insurance
- Claims procedure
- Case study
|
Course Fee Per Person |
Fees Category |
|
LOCAL |
INTERNATIONAL |
Single Registration |
RM 1960 |
USD 900 |
Group Registration |
20% Discount will be given to the fourth and subsequent registration |
